Capital One

The financial institution specifies that itdoes not make political contributions and discloses its lobbying expenditures. It assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. Moreover, the financial institution monitors its scope 1-3 emissions and discloses its operational details by country.

The financial institution has a publicly available policy statement committing to respect specific workers’ rights and expects its suppliers to do the same, with an opportunity to reference all ILO fundamental rights at work. It can disclose how it determines a living wage in its operating regions. While identifying material sustainability impacts, further detail on the process and criteria for prioritisation is needed.

Recommendations include linking senior executive remuneration to sustainability targets, disclosing the breakdown of clients by income group, and outlining processes to avoid divestment from low-income countries due to sustainability strategies. Additionally, it should disclose that its risk assessment includes ILO fundamental rights risks and that it has a process for mitigating identified risks. The institution is also advised to identify social risks related to the net zero transition and provide an example of actions taken regarding salient human rights issues from assessment processes 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.