Caixa Econômica Federal

Caixa Econômica Federal publicly commits to gender equality and women’s empowerment.

No leading practices were identified for Caixa Econômica Federal in the respecting planetary boundaries measurement area.

Caixa Econômica Federal discloses the proportion of its total direct operations workforce for each employee category by race or ethnicity, gender, disability and age group. The financial institution has a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns. The financial institution discloses the amount of finance it directs towards small-and-medium sized enterprise and usually excluded groups, specifically micro business with female owners or partners.

In terms of its approach to senior leadership accountability, Caixa Econômica Federal has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. In terms of gender equality, the financial institution also has an opportunity to reach at least 40% female representation in the highest governing body and senior leadership positions. In addition, the financial institution could disclose the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Caixa Econômica Federal discloses a target to reach net-zero financed emissions by 2050. 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. The financial institution has an opportunity to disclose its financing activities devoted to climate solutions. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects. 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 Caixa Econômica Federal has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. It could also disclose the amount of finance directed towards low-income developing countries.