Berkshire Hathaway

No leading practices identified for the financial institution.

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in contracts. It is recommended to link senior executive remuneration performance criteria to specific sustainability targets and to establish a stewardship policy that aligns with its sustainability strategy, supporting environmental transitions and social best practices. The institution can disclose its membership in trade associations.

While it has begun phasing out products and services related to fossil fuel projects lacking a 1.5°C strategy, a timebound strategy for this transition is recommended. Additionally, a strategy for nature protection and restoration in priority sectors is suggested, along with engagement with investees to support their nature-related strategies. Monitoring of scope 1-2 emissions is encouraged, as well as the disclosure of scope 3 emissions by category.

Further recommendations include disclosing the breakdown of clients by income group and ensuring the risk assessment process addresses ILO fundamental rights at work. It is also advised to have a mitigation process for identified risks and to provide examples of actions taken regarding salient human rights issues from assessments conducted 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.