Raymond James Financial, Inc. (RJF) — ESG & Values Scores

Environment story

RJF discloses no Scope 1, 2, or 3 emissions data, net-zero targets, or decarbonization initiatives in the provided 10-K excerpts. As a financial services firm without direct operational manufacturing, RJF's material environmental exposure is limited to scope 3 supply-chain emissions (financed activities and investments). The company does not disclose a climate commitment or emissions-reduction roadmap. Physical climate risk is acknowledged for operations in St. Petersburg, Florida (hurricane exposure), but no mitigation strategy is detailed. No controversies related to environmental violations, fines, or litigation are evident in the 10-K. The absence of disclosed environmental management infrastructure, targets, or reporting results in a below-average environmental score.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Business Continuity Planning for Climate Resilience

RJF acknowledges operational exposure to hurricanes and serious weather in St. Petersburg, Florida, and maintains a business continuity plan with remote processing in Southfield, Michigan, Memphis, Tennessee, and Denver, Colorado data centers.

Reduces operational disruption risk; does not address emissions or supply-chain climate exposure.

Social story

RJF reports 8,943 total financial advisors (3,878 employees, 5,065 independent contractors) as of September 30, 2025. The 10-K does not disclose CEO-to-median-worker pay ratios, workforce diversity breakdowns by gender or race, executive leadership diversity metrics, or labor relations status. No union-suppression activities, strikes, or major NLRB complaints are documented in the provided excerpts. The company mentions participation in the Protocol for Broker Recruiting and exposure to unfair hiring claims from competitors, but no unresolved labor disputes or adverse labor settlements are cited. Supply-chain human-rights audit disclosures are absent; no conflicts with cobalt, lithium, or other high-risk minerals are evident given RJF's financial-services nature. Overall, the firm's social performance is hampered by lack of transparency on diversity and pay equity, though no material controversies are documented.

Criticisms on file

Unfair hiring claims from competitors relating to recruit poaching and use of Protocol for Broker Recruiting; material litigation possible.
Source: RJF 10-K, Item 1A Risk Factors - 'Ability to attract and retain senior professionals'

Disclosed initiatives

Financial Advisor Recruitment and Retention

RJF invests in recruiting financial advisors and retention programs, including guarantees and upfront payments; succession planning for retiring advisors to retain assets.

Supports workforce stability; does not directly address diversity or pay equity.
Associate Training and Competency

The 10-K mentions trainees and new recruits moving into production roles, indicating investment in career development.

Supports career advancement; transparency on diversity outcomes is limited.

Governance story

RJF is a bank holding company and financial holding company subject to comprehensive federal oversight by the Federal Reserve, SEC, FDIC, and OCC. The 10-K does not disclose board independence percentage, board composition, or chair/CEO duality. No dual-class share structure is mentioned; the company appears to operate under single-class common stock. RJF reported significant regulatory and legal matters, including a $58 million reserve for settlement of a bond-underwriting legal matter (2013–2015), but no material ongoing antitrust or consumer-fraud cases are detailed in the excerpts. The firm's lobbying expenditures are not disclosed in the provided documents. RJF faces heightened regulatory capital and liquidity requirements as a systemically important financial institution, and regulators have broad enforcement authority. The company has disclosed prior regulatory deficiencies and supervisory findings. Overall governance appears compliant but opaque on board metrics and political expenditures.

Criticisms on file

$58 million settlement reserve for legal matter related to bond underwritings sold to institutional investors between 2013 and 2015.
Source: RJF 10-K, Item 7 MD&A - Executive Overview, Non-compensation expenses discussion.
Significant litigation and regulatory exposure noted; firms face claims for damages, securities-law violations, suitability issues, and potential liability for non-affiliated RIA/broker-dealer clients; prior supervisory findings and deficiencies documented.
Source: RJF 10-K, Item 1A Risk Factors - 'Litigation and regulatory investigations and proceedings', 'Regulatory environment'.

Disclosed initiatives

Regulatory Capital and Liquidity Management

RJF maintains tier 1 leverage ratio of 13.1% and total capital ratio of 24.1% as of September 30, 2025, well above regulatory minimums; issued $1.5 billion in senior notes in September 2025 to bolster liquidity.

Supports financial stability and compliance with Basel III and enhanced prudential standards.
Compliance and Risk Management Infrastructure

Extensive internal controls, compliance reporting, and risk management processes documented; engagement with FINRA, SEC, Federal Reserve, and other regulators.

Reduces regulatory enforcement risk; ongoing supervisory scrutiny remains.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Raymond James Financial, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Raymond James Financial, Inc. in the app for interactive charts and portfolio building.

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