AfDB

The financial institution has a publicly available policy statement that commits to respecting human rights. The highest governance body is responsible for decision-making and oversight of the sustainability strategy. It has established time-bound and measurable targets for providing products, services, and capital for climate solutions, with progress aligned to these targets. Additionally, the institution identifies its nature-related impacts and links them to the provision of products, services, and capital. A strategy exists to support the climate adaptation and resilience of society, with at least one example provided.

The institution discloses the monetary amount or share of products, services, and capital allocated to women-owned businesses and usually excluded groups, as defined by the institution. It also breaks down clients and beneficiaries by company size and discloses operations by country. There is a process for identifying social risks related to the net zero transition, along with a description of how specific human rights risks and impacts are identified in relation to the provision of products, services, and capital. Furthermore, it discloses the monetary amount or share provided to low-income and lower-middle-income countries.

The Bank has priorities aimed at creating a sustainable and prosperous Africa, though the materiality of these topics is unclear. Recommendations include disclosing third-party assurance of target reporting, linking senior executive remuneration to sustainability targets, and clarifying its stance on fossil fuel projects. It is advised to monitor other scope 3 categories and transparently detail the methodology for footprint calculations. The institution should also disclose a transition plan for its operations, supply chain, and portfolio, ensuring scope 1-3 emissions align with interim targets. A breakdown of clients by income group and processes to avoid unintended divestment from low-income countries should be provided. The risk assessment process should include ILO fundamental rights risks, with further details on mitigating these risks. Additionally, an example of conclusions and actions taken regarding salient human rights issues from the last three years should be shared.

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.