CVC Capital Partners

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body, with implementation responsibility delegated to functions, teams or committees within the financial institution.

The financial institution engages in partnerships to influence and support sectors, clients and investees to act on their nature-related impacts and monitors its scope 1-2 emissions.

While the financial institution identifies material sustainability impacts, further detail on the process and criteria for prioritisation could be explained. Third-party assurance for target reporting and linking senior executive remuneration to sustainability targets are recommended. It discloses a list of some trade associations of which it is a member, however it is only referring to those groups focused specifically on sustainability matters.

While the financial institution monitors scope 3 emissions beyond financed emissions and provides some methodology for carbon footprint calculations, it could cover additional categories and provide a rationale for those excluded and include comprehensive details on footprint calculations. It is recommended to include disclosing scope 1-3 emissions reduction in line with interim targets.

It is recommended that the financial institution discloses the breakdown of clients by income group and processes to avoid divestment from low-income countries. The risk assessment process could include ILO fundamental rights risks, with a mitigation process for identified risks. Additionally, it could identify social risks related to the net zero transition and provide examples of actions taken on salient human rights issues of its products, services and capital in the last three years. While the financial institution commits to respecting the ILO’s fundamental rights at work, it could formalise this in a policy document. It has an opportunity to disclose its methodology for determining a living wage and to include anti-bribery and anti-corruption clauses in contracts. It is recommended that its policy statement against political contributions applies to all locations of operation without limiting to certain subsidiaries or jurisdictions.

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.