Bank Central Asia (BCA)

The financial institution has a publicly available policy statement committing to respect ILO core labour rights and human rights. It discloses its lobbying expenditures and a list of trade associations it is a member of. Additionally, decision-making and oversight responsibility for its sustainability strategy is assigned to the highest governance body, while implementation responsibility is delegated to various functions, teams, or committees within the institution. Furthermore, the institution monitors other Scope 3 emissions by category and discloses the monetary amount or share of products, services, and capital provided to women-owned businesses and small- and medium-sized enterprises. It also discloses its operational details by country. However, no leading practices were identified for the financial institution with regard to Financing Climate and Nature protection.

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 and to include anti-bribery and anti-corruption clauses in its contracts with business relationships.

While the institution identifies and prioritizes material sustainability impacts, it could enhance transparency by disclosing the objective criteria and evidence used in its materiality analysis. Furthermore, the institution could link performance criteria for remuneration at the senior executive level to specific sustainability targets and disclose that it has a strategy for the protection and restoration of nature covering at least its priority sectors and areas. It has an opportunity to disclose that it has established 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. Its 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. Moreover, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

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.