AIMCo

The financial institution engages with stakeholders whose human rights may be affected by its activities and discloses its approach to lobbying and political engagement in a policy statement, specifying that it does not make political contributions. It maintains a gender balance of 40-60% at the senior executive level.

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body, with implementation responsibilities delegated to various functions, teams, or committees. It also discloses a list of trade associations it is a member of and has a stewardship policy that supports environmental transitions and social best practices in line with the sustainability strategy.

The financial institution monitors its scope 1-2 emissions, as well as emissions from associated financing activities (scope 3 category 15).

The financial institution has a publicly available policy statement committing to respect specific workers’ rights but could reference all ILO fundamental rights at work. Similarly, it discloses expectations for suppliers to respect these rights but could formalise this in a policy document. There is an opportunity to disclose how a living wage is determined in its operating regions and to include anti-bribery and anti-corruption clauses in contracts.

It is recommended that the financial institution discloses third-party assurance of target reporting and links senior executive remuneration to sustainability targets. It intends to allocate net proceeds from green bonds to finance eligible green projects, but could provide examples of how its offerings support climate adaptation and resilience. While it monitors scope 3 emissions, it could cover additional categories and provide rationale for exclusions. Furthermore, the methodology for carbon footprint calculation could be more comprehensive, including emissions coverage and data sources. It is recommended to disclose that scope 1-3 emissions reduce in line with interim targets.

The financial institution could disclose the breakdown of clients by income group and processes to avoid divestment from low-income countries due to sustainability strategies. It mentions the ILO in the exclusions guidelines, however, it could ensure that its risk assessment process includes risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital. It is further recommended to disclose processes for mitigating identified risks and for identifying social risks related to the net zero transition, along with examples of actions taken on salient human rights issues of its products, services and capital in the last three years.

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.