Advent International

The financial institution transparently identifies the key sectors, clients and investees to engage with on climate issues and nature-related impacts.

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption with relevant clauses included in its contracts with business relationships. It could link performance criteria for remuneration at the senior executive level to specific sustainability targets. While the institution identifies and prioritizes material sustainability impacts, it could enhance transparency by disclosing the objective criteria and evidence used in its materiality analysis. Although it has a stewardship policy that supports environmental transitions and social best practices, it could align the policy with its sustainability strategy.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and disclose the breakdown of clients or beneficiaries by income group. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. The institution could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to its products, services, and capital.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.