FRTIB

No leading practices identified for the financial institution.

The financial institution already has a publicly available policy statement committing it to respect specific workers’ rights. However, it has an opportunity to further enhance its commitment by referencing all the ILO fundamental rights at work. In addition, the financial institution has an opportunity to disclose how it determines a living wage for the regions where it operates. Moreover, the financial institution could disclose a publicly available policy statement prohibiting bribery and corruption. Alongside this, it has the opportunity to include anti-bribery and anti-corruption clauses in its contracts with business relationships, which would strengthen its ethical stance.Furthermore, it is recommended that the financial institution monitors other scope 3 categories, by category, and transparently details the methodology applied in their footprint calculation. In addition, it is recommended that the financial institution discloses that it has established a transition plan covering its own operations, supply chain and portfolio. It is also recommended that the financial institution discloses the breakdown of clients and/or beneficiaries by income group. The financial institution has an opportunity to include risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital, in its risk assessment process.Finally, the financial institution could provide an example of the specific conclusions reached and actions taken or to be taken on at least one of its significant human rights issues.

The financial institution already has a publicly available policy statement committing it to respect specific workers’ rights. However, it has an opportunity to further enhance its commitment by referencing all the ILO fundamental rights at work. In addition, the financial institution has an opportunity to disclose how it determines a living wage for the regions where it operates.

Moreover, the financial institution could disclose a publicly available policy statement prohibiting bribery and corruption. Alongside this, it has the opportunity to include anti-bribery and anti-corruption clauses in its contracts with business relationships, which would strengthen its ethical stance. Furthermore, it is recommended that the financial institution monitors other scope 3 categories, by category, and transparently details the methodology applied in their footprint calculation.

In addition, it is recommended that the financial institution discloses that it has established a transition plan covering its own operations, supply chain and portfolio. It is also recommended that the financial institution discloses the breakdown of clients and/or beneficiaries by income group. The financial institution has an opportunity to include risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital, in its risk assessment process. Finally, the financial institution could provide an example of the specific conclusions reached and actions taken or to be taken on at least one of its significant human rights issues.

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.