Better Health for All

Thornburg Capital Management is an investment management firm whose primary revenue is derived from providing portfolio management and investment advisory services. Its core business activities do not involve the direct provision of health-related products or services, nor do they directly impact health outcomes. While the company's investment strategies, such as the Thornburg International Equity ESG Strategy, integrate ESG factors and include holdings in the healthcare sector (e.g., Roche Holding AG, AstraZeneca plc), these are investments in other companies, not the direct operations or products of Thornburg Capital Management itself.

Therefore, all KPIs related to direct health impact, harmful revenue, safety, accessibility, vulnerable reach, health risk transparency, health innovation, health externalities, health equity programs, healthcare workforce support, preventative health, healthcare data, global health crisis response, mental health, pharma patents, nutrition, healthcare education, addiction mitigation, and clinical trial ethics are not applicable to the company's direct business model.

Fair Money & Economic Opportunity

Thornburg Capital Management is an investment management firm, not a consumer lender or deposit-taking institution. Therefore, KPIs related to consumer credit products, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (loan book), fair lending compliance, debt burden ratio, and product simplicity, are not applicable to its core business. The company's Thornburg Foundation committed to investing $1 million per year over five years in Early Childhood Education, Good Government Reform, and Food and Agriculture Reform in New Mexico.

The Foundation also announced $240,000 in grants to New Mexico non-profits in response to the coronavirus pandemic, supporting organizations serving vulnerable populations in Santa Fe and Albuquerque. Thornburg Investment Management gives out $500,000 each year for the Arts, Culture, and Education. However, there is no evidence of direct financial literacy programs for its clients or specific data on wealth-building outcomes for its customers. The company does not operate financial service access points, and the provided information on data accessibility refers to a state campaign finance web portal, not customer data portability for its financial products.

Fair Pay & Worker Respect

The company's worker engagement score is 68 out of 100 (3.4 out of 5 stars) as of April 2026.

Employee reviews indicate concerns regarding management support, limited advancement opportunities, and a perceived lack of diversity initiatives. Additionally, 54% of employees would recommend the company to a friend. Other ratings include an overall rating of 3.7 out of 5 and a workplace culture rating of 3.0 out of 5 from February 2025, and a 2.0 out of 5 rating from February 2026, with comments citing a "terrible culture" and leadership that "doesn't care and doesn't listen."

Honest & Fair Business

No specific evidence was found in the provided articles to assess Thornburg Capital Management against any of the KPIs for the 'Honest & Fair Business' value. The articles mention the existence of various corporate policies such as a Code of Business Conduct and Ethics, Proxy Voting Policies, and compliance with the USA Patriot Act, along with the availability of regulatory filings like Form ADV.

However, they do not provide quantitative data on regulatory fines, transparency index scores, details of a whistle-blower policy, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board independence, anti-corruption policy strength, or third-party verification of ethical claims that would allow for scoring against the rubric's defined tiers.

No War, No Weapons

As of December 31, 2025, Thornburg Income Builder Opportunities Trust (TBLD.NASDAQ) had 0 direct stock holdings in controversial weapons.

However, the Trust had 4.12% of its assets, totaling $28.38 million, invested in military weapons, and 3.1% of its portfolio, or $21.39 million, invested in nuclear weapons, holding stocks in 3 military weapon companies.

Planet-Friendly Business

Thornburg Capital Management has stated a goal of reaching net-zero carbon emissions by 2050.

The company references the Network for Greening the Financial System (NGFS) 1.5°C scenario in its climate scenario analysis and includes an EV sales scenario analysis projecting that EV sales will reach approximately 30% of new vehicle sales by 2030.

Respect for Cultures & Communities

Thornburg Foundation, associated with Thornburg Capital Management, is part of the New Mexico Groundwater Alliance.

This alliance includes at least three local community groups: Pecos Valley Artesian Conservancy District, Ogallala Land & Water Conservancy, and Rural Community Assistance Corporation (RCAC).

Safe & Smart Tech

Thornburg Capital Management has a policy to never send unsolicited electronic communications asking for personal account information, such as username, password, or Social Security number, indicating clear limitations on sensitive data collection.

The company has no documented data breaches. It also references FINRA and SEC alerts regarding investment scams, suggesting awareness of regulatory guidance, but no specific compliance program details are provided.

Zero Waste & Sustainable Products

Thornburg Capital Management is an investment management firm. The provided articles discuss its ESG investment strategies, noting that its International Equity ESG Strategy integrates environmental criteria and focuses on sustainable companies.

It also uses SASB principles for materiality evaluation. However, the articles do not provide specific, concrete data points regarding the company's own operational waste management, product recyclability, packaging sustainability, or any other metrics relevant to the 'Zero Waste & Sustainable Products' value for its own business activities.