Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution investing funds on behalf of the Government of Abu Dhabi. ADIA was founded in 1976 and currently employs 1,680 staff. ADIA’s portfolio consists of equities, fixed income, financial alternatives, private equities, real estate and infrastructure. ADIA invests in North America, Europe, Emerging Markets and Developed Asia, in descending order.
In terms of its approach to senior leadership accountability, ADIA has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. ADIA has an opportunity to publicly commit to gender equality and women’s empowerment, disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Furthermore, it has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
ADIA has an opportunity to disclose a target to reach net-zero financed emissions by 2050 and the key sectors and companies it has identified as priorities to engage with on climate change – specifically on the alignment with the Paris Agreement. ADIA also has an opportunity to disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that ADIA is committed to minimising its negative impacts or financing regenerative solutions. Moreover, ADIA has an opportunity to disclose its approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.
ADIA has an opportunity to disclose a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. It also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Moreover, ADIA could disclose the proportion of its total direct operations workforce for each employee category by age group, gender, and another indicator of diversity. To provide transparency on financial inclusivity, ADIA has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries. Finally, ADIA could establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns.