AMG

The financial institution maintains a gender balance (between 40-60%) at the senior executive level. In addition, it monitors its scope 1-2 emissions.

The financial institution discloses its commitment to respect the ILO’s fundamental rights at work but could strengthen this by formalising it in an approved policy document approved by the highest governance body. Furthermore, it has the opportunity to clarify how it determines a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in contracts.

Further recommendations include disclosing third-party assurance for target reporting, linking senior executive remuneration to sustainability targets, and monitoring emissions from financing activities (Scope 3 category 15). While it monitors some additional scope 3 emissions, it could expand coverage and provide rationale for exclusions. Moreover, transparency in the methodology for footprint calculation is advised, along with establishing a transition plan for operations, supply chain, and portfolio, ensuring emissions reduction aligns with interim targets.

It is further recommended that the financial institution provides a breakdown of clients by income group, as well as processes to avoid unintended divestment from low-income countries due to sustainability strategies. The financial institution should disclose a risk assessment process related to the ILO fundamental rights and provide a mitigation process for identified risks. Finally, it should identify social risks linked to the net zero transition and provide examples of actions taken regarding salient human rights issues from assessments 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.