AMP

The financial institution has a publicly available policy statement expecting suppliers to respect the ILO core labour rights, and specifies that it does not make political contributions. The financial institution maintains a gender balance (between 40-60%) at the senior executive level, and assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution also assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution. AMP engages in partnerships to influence and support sectors, clients and investees to act on their nature-related impacts and monitors its scope 1-2 emissions. It also monitors other scope 3 categories, by category. The financial institution discloses its operation by country (e.g. by number of employees or revenue), and 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 specific workers’ rights but has an opportunity to reference all the ILO fundamental rights at work. While it indicates that it uses living wage benchmarks, it could disclose the methodology it uses to determine a living wage for the regions where it operates. The institution could disclose that it conducts third-party assurance or verification of its target reporting, and that it links performance criteria for remuneration at the senior executive level to specific sustainability targets.

Moreover, while it engages with clients and investees on nature, it has the opportunity to influence and support them in setting strategies for nature-protection and restoration. It also discloses information regarding financed emissions but could increase its coverage of financial activities. It could state the share of their financed emissions covered by their disclosure and that it’s scope 1-3 emissions reduce in line with its interim targets. In addition, it could provide the breakdown of clients and/or beneficiaries by income group.

It is recommended that the financial institution discloses its processes for avoiding divestment from low-income and lower-middle countries as unintended consequences of its sustainability strategies and targets. Disclosing a risk assessment process that includes risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital is recommended. Finally, It is could disclose that it has a process for identifying the social risks associated with its provision of products, services and capital in relation to the net zero transition, and that it provides an example of the specific conclusions reached and actions taken or to be taken on at least one of its salient human rights issues of it’s the products, services and capital it offers as a result of assessment processes in at least one of its activities 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.