EPFO

The financial institution discloses its operation by country (e.g. by number of employees or revenue).

The institution has the opportunity to disclose its method for determining a living wage in its operational regions. It prohibits bribery and corruption but could formalise this commitment in a public policy document. There is an opportunity to include anti-bribery and anti-corruption clauses in contracts with business partners. Recommendations include linking senior executive remuneration performance criteria to specific sustainability targets, monitoring scope 3 emissions by category, and establishing a transition plan for its operations, supply chain, and portfolio.

It is also advised to disclose that scope 1-3 emissions are reducing in line with interim targets and to provide a breakdown of clients and beneficiaries by income group. The risk assessment process should include risks related to ILO fundamental rights at work for those affected by its products, services, and capital, along with a process for mitigating identified risks. Additionally, the institution should identify social risks associated with its offerings in relation to the net zero transition and provide an example of conclusions and actions taken regarding at least one salient human rights issue 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.