Victory Capital Holdings, Inc. (VCTR) — ESG & Values Scores

Environment story

Victory Capital is a diversified asset management firm with minimal direct operational environmental footprint as a financial services company. The company does not disclose Scope 1, 2, or 3 emissions data, net-zero targets, or decarbonization initiatives in its 10-K filing. Environmental score reflects absence of disclosed climate commitments, ESG-focused investment products (New Energy Capital alternative fund exists but <$1B AUM), and lack of transparency on supply-chain sustainability. No significant environmental controversies identified in reviewed materials. The company's business model—managing client assets rather than manufacturing—inherently limits direct carbon exposure, but lack of disclosure on environmental governance and climate risk integration limits score.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

New Energy Capital (NEC) Investment Franchise

Manages alternative investments in private closed-end funds focused on clean energy and infrastructure projects. Manages <$1B in AUM across small- and mid-sized clean energy infrastructure companies and projects.

Limited scale; represents <0.3% of total AUM as of Dec 31, 2025.
Solutions Platform ESG Strategies

Solutions Platform offers 'values-based and thematic outcomes and exposures' through various investment vehicles including mutual funds and ETFs.

Scope undisclosed; no quantified ESG assets or performance metrics provided.

Social story

Victory Capital demonstrates moderate social performance with strong internal employee ownership culture (69% of employees own 12% of diluted shares; >$350M invested in own products) and compensation alignment through revenue-share model. CEO-to-median-worker pay ratio not disclosed; cannot assess against 200:1 threshold. Leadership diversity data incomplete: no formal gender/URM percentages disclosed in 10-K; workforce described as 699 employees (231 investment, 251 sales/marketing, 217 support) but gender/racial composition not itemized. No documented active union-suppression or major strikes in past 24 months identified. Supply-chain audit disclosures minimal; company outsources middle/back-office functions and uses multiple vendors but no human-rights audit findings or conflict-mineral policies disclosed. Employee benefits include health insurance, wellness programs, and EAP; acquisition-related retention practices noted. Score reflects absence of material social controversies and strong internal ownership alignment, offset by transparency gaps on diversity and supply-chain ethics.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Employee Ownership & Equity Awards

69% of 699 employees hold 12% of fully diluted common shares; most employees participate in equity awards program; employees have invested >$350M in Victory products as of Dec 31, 2025.

Structural alignment of employee interests with shareholder and client interests; ownership culture promotes long-term thinking.
Revenue-Share Compensation for Investment Professionals

Investment teams compensated via formula-based revenue sharing tied to their Franchise's performance, not profit allocation, to incentivize investment performance and client retention.

Reduces incentive conflicts; aligns compensation with client outcomes.
Comprehensive Employee Benefits & Wellness

Competitive health benefits, wellness programs with premium discounts for participation, employee assistance programs (financial, mental, physical), and community giving programs.

Supports employee health and retention; facilitates corporate social responsibility engagement.

Governance story

Victory Capital operates under a traditional single-class share structure (no dual-class supermajority voting identified in 10-K) with standard corporate governance. Board independence percentage not explicitly disclosed in reviewed 10-K excerpt; company states compliance with 1940 Act independent director requirements for registered funds (majority non-interested). Lobbying expenditures and associated regulatory influence not quantified in filing. No active antitrust proceedings, material SEC consent decrees, or significant financial-fraud regulatory actions identified in 10-K risk factors or disclosures. Company subject to extensive SEC, FINRA, CFTC, and international regulation; compliance function includes 26 professionals. Governance score reflects absence of major controversies, but reflects lack of transparency on board composition details and lobbying spend in 10-K.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Comprehensive Regulatory Compliance Program

Legal and compliance function of 26 professionals responsible for all legal and regulatory compliance, monitoring adherence to client investment guidelines, and maintaining books and records in accordance with SEC, FINRA, CFTC, and international requirements.

Centralized compliance oversight across integrated platform; subject to periodic SEC inspections and self-regulatory organization examinations.
Investment Adviser Fiduciary Duties

VCM and WestEnd registered with SEC as investment advisers under Investment Advisers Act of 1940; bound by fiduciary duty standards covering trading allocation, soft-dollar use, and client disclosures.

SEC-enforced conduct standards; violation remedies include fines, censure, and registration revocation.
Corporate Governance Policies

Company maintains board charters (Audit, Nominating & Governance, Compensation Committees), Corporate Governance Guidelines, and Code of Business Conduct and Ethics posted on investor relations website.

Formal governance framework; board oversight of management and material business risks.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Victory Capital Holdings, 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 Victory Capital Holdings, Inc. in the app for interactive charts and portfolio building.

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