Aon

The financial institution publishes an engagement report on sustainability impact topics and has a publicly available policy statement requiring suppliers to respect ILO core labour rights. It discloses its approach to lobbying and political engagement in a policy statement and specifies that it does not make political contributions. Furthermore, gender balance at the senior executive level is maintained between 40-60%.

The institution has a stewardship policy that supports environmental transitions and social best practices in line with its sustainability strategy. The policy also covers client and other stakeholder engagement as well as advocacy and partnerships. Additionally, it transparently identifies key sectors, clients, and investees for climate engagement and provides examples of how its offerings support societal climate adaptation and resilience.

The financial institution expects its suppliers to respect the ILO’s fundamental rights at work but could strengthen its language to formalise this commitment. It has the opportunity to clarify how it determines a living wage in its operational regions. Although the financial institution monitors scope 3 emissions beyond financed emissions, it could cover additional categories and provide a rationale for those excluded. Furthermore, it could transparently detail the methodology applied in its footprint calculation and establish a transition plan covering its own operations, supply chain and portfolio.

It is recommended that the institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. The institution’s risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Additionally, it could strengthen its disclosure by providing an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to the products, services, and capital it offers.

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.