Build

  • Commit to including Baltimore City companies whenever possible, and partner with the BLocal cohort to increase our exposure to other Baltimore City firms for future building needs.

Year One Progress: Planning to consider qualified MBE and WBE construction contractors for future needs.

Hire

  • Hire 50% of high school and college interns from Baltimore City high schools, colleges, and universities.

Year One Progress: Hired 26 interns, or 46 percent, from schools in Baltimore City.

Buy

  • Provide opportunities and access to local Baltimore City suppliers for our goods and services.

Year One Progress: Continuing to explore opportunities for local suppliers.

  • Survey current spend to analyze what business we can move to Baltimore City as well as consider more Baltimore City–based suppliers for future purchases.

Year One Progress: Continuing to review year-end spend.

  • Build an online portal that certified local and minority-, women-, and veteran-owned businesses can use to register as potential suppliers. Additionally, an inbox called supplierdiversity@leggmason.com is being created to collect inquiries from local and diverse suppliers.

Year One Progress: Exploring online portal with technology department.

  • Revise our request-for-proposal (RFP) process to question supplier candidates on their presence in Baltimore City, both from a business and human capital perspective.

Year One Progress: Revised our RFP process to gauge supplier candidates’ local presence.

  • Restaurant Associates, contracted by Legg Mason to operate a full-service café and event venue in the Legg Mason Tower building, commits in the coming year to increasing its staff who are residents of Baltimore City by 8%, from 51%.

Year One Progress: 53 percent of Restaurant Associates’ staff are Baltimore City residents (10 out of 19).

Direct Investment

  • Hire a full-time resource to help identify specific programs and/or a community that Legg Mason can support directly.

Year One Progress: Hired a full-time resource via Baltimore Corps for a one-year assignment to assist with East Baltimore community initiative. Assignment concludes July 2017.

  • Commit to additional funding to community organizations within Baltimore City via the Legg Mason Charitable Foundation.

Year One Progress: Have committed additional funding to community organizations within Baltimore City, including a recently announced expanded partnership with Living Classrooms via a multiyear $1 million pledge to support the Power House Community Center in East Baltimore.

  • Starting in the summer of 2016, Legg Mason will fund a program at Morgan State University where high school students interested in accounting or finance will obtain valuable exposure to college while living on campus for a week.

Year One Progress: Currently funding this program at Morgan State University.

  • Grow current mentoring programs with Patterson High School and Crossroads School by adding mentors and implementing value-added content.

Year One Progress: Added five mentees from Patterson High School, six mentees from Crossroads School, and 29 total Legg Mason Baltimore mentors in academic year 2016–17.

  • Plan to increase number of students participating in annual mentoring day. Participating students come from Boys Hope Girls Hope, Samuel Ready Scholarships, and Baltimore Educational Scholarship Trust.

Year One Progress: Held a successful event in celebration of International Women’s Month, with approximately the same number of attendees as last year.

  • Launch a Matching Gifts Program and Volunteerism Portal with third-party vendor to enable employees to donate time, talent, and treasure to local community organizations.

Year One Progress: Launched a Matching Gifts Program and Volunteerism Portal for employees.

  • Increase number of employees sitting on Baltimore City nonprofit boards.

Year One Progress: Four more employees served on Baltimore City nonprofit boards in 2016.

  • Further develop Employee Resource Group community outreach initiatives by deepening and expanding their relationships with core Baltimore City community partners. In 2015, Legg Mason employees volunteered 1,300 hours and collected $34,000 over 30 employee resource group events held for the Baltimore City community.

Year One Progress: In 2016, 50 employees volunteered 200 hours over seven events.

About Legg Mason

Legg Mason is a global asset management firm with $657 billion in assets under management as of February 29, 2016. The company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

Legg Mason

Contact

Kristin Kosmides
kokosmides@leggmason.com
410-454-4802

Website

LeggMason.com