US Bancorp

In terms of senior leadership accountability, the responsibility for sustainability issues within US Bancorp lies with the board-level Public Responsibility Committee. US Bancorp publicly commits to gender equality and women’s empowerment. In terms of female representation in leadership positions, the financial institution has a gender-balanced board of directors where five out of 12 members are women.

US Bancorp discloses the aggregate amount and share of finance it devotes to climate solutions while specifying what these solutions are.

US Bancorp has a publicly available policy statement committing it to respect human rights. The financial institution discloses the proportion of women in its total direct operations workforce for each employee category. The financial institution discloses the amount of finance it directs towards usually excluded groups. Furthermore, US Bancorp has a grievance mechanism accessible to all workers and external individuals and communities to raise human rights complaints or concerns. The financial institution has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. US Bancorp has a policy prohibiting bribery and corruption. The financial institution has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

In terms of its approach to senior leadership accountability, there is no evidence that US Bancorp links the remuneration of its executive or management teams to sustainability performance criteria. In terms of gender equality, the bank also has an opportunity to reach at least 40% female representation in senior leadership positions. There is no evidence that the financial institution discloses the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category. There is no evidence that the financial institution discloses the actions taken to address any pay gaps. US Bancorp also has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.

There is no evidence that US Bancorp discloses a target to reach net-zero financed emissions by 2050. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. US Bancorp could align its climate solutions with internationally recognised frameworks. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

US Bancorp has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, there is no evidence that the financial institution discloses the proportion of its total direct operations workforce for each employee category by age group.