Caisse des Depots

The financial institution assigns decision-making and oversight of its sustainability strategy to the highest governance body, while implementation is handled by specific functions, teams, or committees. It transparently identifies key sectors, clients, and investees to engage with on climate issues. The assessed entity engages in partnerships to support sectors, clients, and investees in addressing nature-related impacts. The institution provides examples of how its products, services, and capital support climate adaptation and resilience in society. Additionally, it discloses the amount and/or share (in monetary terms) of products, services, and capital provided to small and medium-sized enterprises.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in its contracts with business relationships. It identifies material financial risks related to sustainability but can enhance its disclosures by prioritising and detailing its materiality analysis. The institution could link senior executive remuneration to specific sustainability targets.

Although the institution pays special attention to certain sectors to mitigate biodiversity impacts, it could clarify how these were identified and prioritised. While it discloses the total financing for projects positively impacting biodiversity and the circular economy, further details on this disclosure are suggested.

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. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. The institution could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to the products, services, and capital it offers.

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.