Geode Capital Management

No leading practices were identified for the financial institution in the governance and strategy measurement area.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

No leading practices were identified for the financial institution in the adhering to societal conventions measurement area.

In terms of its approach to senior leadership accountability, there is no evidence that Geode Capital Management assigns responsibility for sustainability to the group’s highest governing body and that it links the remuneration of its executive or management teams to sustainability performance criteria. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only 2 out of 9 board members are women. Furthermore, the financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.

There is no evidence that Geode Capital Management discloses a target to reach net-zero financed emissions by 2050. The financial institution 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. There is no evidence that the financial institution discloses 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 Geode Capital Management has a publicly available policy statement committing it to respect human rights laid out in the United Nations Guiding Principles on Business and Human Rights and the ILO declaration on fundamental rights at work. The financial institution 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. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investments directed towards low-income developing countries.