Future Fund

In terms of senior leadership accountability, the responsibility for sustainability issues within Future Fund lies with the board. In terms of female representation in leadership positions, Future Fund has a gender-balanced board of directors where three out of 7 members are women. In addition, Future Fund has an engagement strategy where it describes its approach on sustainability themes and impact topics with investees. Future Fund also publishes an engagement strategy describing how the engagement policy is applied in practice.

No leading practices were identified for Future Fund in the respecting planetary boundaries measurement area.

Future Fund discloses a public commitment to protect personal data and a privacy statement on the use of personal data.

In terms of its approach to senior leadership accountability, Future Fund has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. Moreover, Future Fund could provide a public commitment to gender equality and women’s empowerment and has an opportunity to reach at least 40% female representation in senior leadership positions. Future Fund could also disclose the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category and the actions taken to address any pay gaps. Furthermore, its engagement policy could include clear frameworks with success criteria and escalation points. Future Fund has an opportunity to publish case studies describing where it has engaged successfully and unsuccessfully with clients/investees on sustainability themes and impact topics.

Future Fund has an opportunity to disclose a target to reach net-zero financed emissions by 2050 and the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Additionally, Future Fund could disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, it can demonstrate how it is committed to minimising its negative impacts or financing regenerative solutions. Furthermore, no evidence was found regarding Future Fund’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.

Future Fund could provide 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. Future Fund also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. It could disclose the proportion of its total direct operations workforce for each employee category by age group and gender. To provide transparency on financial inclusivity, Future Fund has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries. Moreover, Future Fund has an opportunity to establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns.