Banco del Estado de Chile

The stewardship policy covers client and other stakeholder engagement as well as advocacy and partnerships. The financial institution discloses the amount and/or share (in monetary terms) products, services and capital provided to small-and medium-sized enterprises. The financial institution discloses its operation by country (e.g. by number of employees or revenue).

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It could include anti-bribery and anti-corruption clauses in contracts and provide more detail on how it identifies and prioritises material sustainability impacts across its value chain. Linking senior executive remuneration to specific sustainability targets is recommended, along with disclosing a complete list of trade associations it is part of.

While it mentions nature-positive solutions, it could specify the monetary value of its contributions to these initiatives. The institution discloses scope 1-2 emissions but could clarify scope 2 emissions as market-based or location-based. It should provide monetary details of its financed emissions and specify the coverage of scope 3 emissions by category. Transparency in the methodology for footprint calculation is recommended, as well as disclosing the breakdown of clients by income group.

The risk assessment process should include risks related to ILO fundamental rights, with a mitigation process for identified risks. Additionally, 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.