Edmond de Rothschild Group

The financial institution has a publicly available policy statement expecting suppliers to respect ILO core labor rights. Decision-making and oversight responsibility for its sustainability strategy is assigned to the highest governance body, while implementation is handled by specific functions, teams, or committees within the institution. Additionally, the institution provides at least one example of how its products, services, and capital support climate adaptation and resilience in society.

The financial institution commits to respecting the ILO’s fundamental rights at work but has the opportunity to formalise this in a policy document. It can also disclose its method for determining a living wage in its operational regions. Although bribery and corruption are prohibited, formalising this commitment in a public policy document is advisable. It could also include anti-bribery and anti-corruption clauses in contracts with business partners.

While its subsidiary Edmond de Rothschild Asset Management (France) has a voting policy on ESG resolutions, the institution itself could benefit from a stewardship policy that aligns with its sustainability strategy at the group level. A more comprehensive list of trade associations is needed, and while total scope 3 emissions are disclosed, a detailed breakdown by category is recommended.

Establishing a transition plan for operations, supply chain, and portfolio is advised, along with ensuring scope 1-3 emissions reduction aligns with interim targets. A breakdown of clients by income group should be disclosed, and the risk assessment process should include risks related to ILO fundamental rights. Identifying social risks associated with the net zero transition is also recommended, as is providing an example of actions taken regarding 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.