DekaBank

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights. The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution.

The financial institution expects suppliers to respect specific workers’ rights and has the opportunity to reference all ILO fundamental rights at work. It can disclose how it determines a living wage in its operational regions and include anti-bribery and anti-corruption clauses in contracts. While identifying material sustainability impacts, it could provide more detail on the processes and criteria used for prioritisation. Linking senior executive remuneration to sustainability targets is recommended.

The institution refers to nature protection and restoration but could disclose a strategy for priority sectors. It discloses scope 1-2 emissions but could clarify scope 2 emissions as market-based or location-based. Although it provides information on financed emissions, it could increase coverage and specify the share disclosed. While monitoring scope 3 emissions, it could include additional categories and rationale for exclusions. Transparency in the methodology for footprint calculation is recommended, along with a breakdown of clients by income group.

The breakdown of clients by country could be made more comprehensive. The risk assessment process includes some ILO fundamental rights but could cover the full set. Further details on the risk mitigation process related to ILO rights are needed. It is recommended to disclose a process for identifying social risks associated with the net zero transition and to provide an example of actions taken on salient human rights issues from 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.