Cambridge Associates

No leading practices identified for the financial institution.

The financial 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 further recommended to disclose third-party assurance or verification of target reporting and to link senior executive remuneration performance criteria to sustainability targets. Moreover, a group-level stewardship policy supporting environmental transitions and social best practices should be disclosed, along with a full list of trade association memberships.

The financial institution should detail specific actions regarding stakeholder engagement related to lobbying and public policy. In terms of emissions, time-bound, measurable targets for climate solutions provision are recommended, as well as a transition plan covering operations, supply chain, and portfolio. Furthermore, it should disclose that its scope 1-3 emissions align with interim targets and provide a breakdown of clients by income group

Processes to avoid unintended divestment from low-income countries should be disclosed, along with a risk assessment process covering risks related to ILO fundamental rights, along with mitigation processes. Finally, the institution should identify social risks linked to the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past 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.