Federal Retirement Thrift Investment Board (FRTIB)
FRTIB administers the Thrift Savings Plan (TSP) by the Federal Employees Retirement System. TSP is a retirement savings and investment plan for federal government employees and uniformed services members which offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans.
FRTIB discloses the proportion of women in its total direct operations workforce for each employee category. The financial institution discloses the proportion of its total direct operations workforce for each employee category by race or ethnicity. Furthermore, it discloses a public commitment to protect personal data.
In terms of its approach to senior leadership accountability, FRTIB has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that FRTIB discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that FRTIB has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Therefore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investing activities. It also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group. To provide transparency on financial inclusivity, FRTIB could disclose the amount of finance directed towards low-income developing countries