American International Group

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution. The stewardship policy covers client and other stakeholder engagement as well as advocacy and partnerships.

The financial institution has a publicly available policy statement committing it to respect human rights. The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights. The financial institution has a publicly available policy statement expecting suppliers to respect the ILO core labour rights. The financial institution discloses a list of the trade associations of which it is a member.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions. It identifies material sustainability impacts across its value chain but could provide more detail on the objective criteria and evidence used for prioritisation. Linking senior executive remuneration to specific sustainability targets is recommended.

While it does not provide products or services to certain fossil fuel projects, it does not address all fossil fuels. The institution has a strategy to phase out support for some fossil fuel projects but could extend this to clients lacking a 1.5°C-aligned strategy. It offers nature-positive products but should disclose their monetary value. Although it reports scope 1-2 emissions, further detail on scope 2 emissions is needed. The coverage of financed emissions could be expanded, and additional categories of scope 3 emissions should be included with rationale for exclusions. The methodology for carbon footprint calculations could be more comprehensive.

A breakdown of clients by income group is recommended, along with specific employee numbers or revenue per country. The institution should disclose processes to avoid unintended divestment from low-income countries and include risks related to ILO fundamental rights in its risk assessment. It is also advised to identify social risks linked to the net zero transition and provide examples of actions taken regarding salient human rights issues in the past 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.