Harvest Fund Management

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. It also assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution.

The financial institution discloses statements committing to respect ILO’s fundamental rights at work, but it has the opportunity to use stronger language to formalize this commitment. It could also disclose how it determines a living wage for the regions where it operates and include anti-bribery and anti-corruption clauses in its business contracts.

The assessed entity’s policy statement on not making political contributions applies to a subsidiary, region, or jurisdiction, but it could clarify whether contributions are made only by exception and the criteria for making them. While the institution identifies material sustainability impacts across its value chain, it could further detail the process and criteria for identifying and prioritizing these impacts. It is recommended that the institution links senior executive remuneration to specific sustainability targets and discloses monitoring of other Scope 3 emissions categories. Detailing the methodology for footprint calculations and disclosing a transition plan for its operations, supply chain, and portfolio are also advised.

Expanding the risk assessment process to cover all ILO fundamental rights at work and identifying social risks related to the net-zero transition are recommended. Finally, it should provide examples of conclusions and actions on at least one salient human rights issue related to its products, services, and capital within 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.