Bayerische Versorgungskammer is a commercial enterprise and state authority in one. As the a public-law pension group in Germany, it jointly manages the business of twelve professional and municipal pension institutions that provide old-age, disability and survivor benefits for their members and insured persons. It is an authority of the Free State of Bavaria within the remit of the Bavarian State Ministry of the Interior and for Integration.
In terms of its approach to senior leadership accountability, Bayerische Versorgungskammer has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
Bayerische Versorgungskammer could disclose interim emissions reduction targets at the group level, such as a 45% reduction in financed emissions by 2030. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose the amount or share of its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Bayerische Versorgungskammer has a publicly available policy statement committing it to respect human rights and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. The financial institution also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, Bayerische Versorgungskammer could disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.