GPIF

The financial institution transparently identifies the nature-related impacts associated with its provision of products, services and capital.

The institution has a publicly available policy statement committing to respect specific workers’ rights but could reference all ILO fundamental rights at work. It has the opportunity to disclose its method for determining a living wage in its operational regions and to publish a policy statement prohibiting bribery and corruption. Including anti-bribery and anti-corruption clauses in contracts with business partners is also recommended.

Linking senior executive remuneration performance criteria to sustainability targets is advised, along with establishing a stewardship policy that supports environmental transitions and social best practices. The institution should disclose monitoring of scope 3 categories and transparently detail the methodology for its footprint calculation. A transition plan covering its operations, supply chain, and portfolio is recommended, as well as ensuring scope 1-3 emissions reduce in line with interim targets.

Disclosing the breakdown of clients and/or beneficiaries by income group is suggested. While the risk assessment process includes some ILO fundamental rights, it could cover the full set. A process for mitigating identified risks should be disclosed, along with 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.