British International Investment plc

British International Investment discloses that decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to specific sustainability targets. In addition, the financial institution delegates implementation responsibility for the sustainability strategy to various functions, teams, or committees. A stewardship policy supports environmental transitions and social best practices, including criteria for successful stewardship results and escalation routes.

The insitution has established time-bound and measurable targets for providing products, services, and capital for climate solutions, with progress on these targets monitored. Key sectors, clients, and investees for climate engagement are transparently identified, along with nature-related impacts of its offerings. A strategy exists for supporting climate adaptation and resilience, with at least one example provided. It discloses monetary amounts of products, services, and capital provided to women-owned businesses and usually excluded groups, as well as a breakdown of clients by company size. Additionally, it discloses operations by country and describes processes for identifying human rights risks and impacts related to its offerings.

British International Investment has a material assessment where sustainability impacts are identified across the value chain, however, further details on the process and criteria for prioritisation is needed. The financial institution has specific exclusions for new commitments in most fossil fuel sub-sectors and has not made recent fossil fuel commitments, though selective investments in gas power projects aligned with a 1.5-degree transition are permitted and there is no evidence of a full commitment to abstaining from all new fossil fuel projects. It references the IFC Performance Standard 6 for biodiversity but lacks time-bound, measurable targets. The financial institution has a publicly available statement on ILO fundamental rights at work, but it lacks a formal policy approved by its highest governance body. It expects investees to commit to these rights but does not require the same from suppliers. Recommendations include disclosing scope 1-3 emissions reduction in line with interim targets, client breakdown by income group, processes to avoid divestment from low-income countries, and examples of actions taken on salient human rights issues from assessments 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.