CDP Group

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights. It also has a publicly available policy statement expecting suppliers to respect the ILO core labour rights. Furthermore, the institution has a publicly available policy statement committing it to respect human rights. The institution specifies that it does not make political contributions.

While the financial institution has identified material sustainability impacts within its value chain, it could provide more in-depth details about the process. This entails elaborating on how objective criteria and supportable evidence were utilized for both the identification and prioritization of those impacts.The institution has an engagement policy that pertains to its interactions with stakeholders on sustainability matters and is connected to its sustainability framework. However, it has the opportunity to further detail how this policy actively supports environmental transitions and promotes social best practices in alignment with its overall sustainability strategy.

The financial institution has disclosed a partial list of the trade associations it is a member of. It has the opportunity to present a complete list.It is recommended that the financial institution discloses the breakdown of its clients and/or beneficiaries by income group. This would provide valuable insights into its customer base and the distribution of its offerings.

Regarding its climate-related targets, although the financial institution has set goals for the provision of products, services, and capital for climate solutions, these could be enhanced by making them more precisely defined in terms of timeframes and measurability. When it comes to disclosing its provision of products, services, and capital for nature-positive solutions, the institution could further detail what exactly this disclosure encompasses. If the financial institution offers products, services, and capital that have the potential to support the climate adaptation and resilience of society, it could disclose its intentionality in these provisions and make explicit references to climate adaptation and resilience.

In terms of its risk assessment process, while it currently includes risks associated with some of the ILO fundamental rights for those affected by its products, services, and capital, it has the opportunity to expand its coverage to include the full set of rights. This would demonstrate a more comprehensive approach to risk management. Finally, it is recommended that the financial institution provides an example of the specific conclusions it has reached and the actions it has taken or plans to take in response to at least one of its significant human rights issues. These should be the result of assessment processes within at least one of its activities in the last three years, thereby showcasing its commitment to addressing human rights concerns.

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.