Established in 1999, Harvest Fund Management is an asset management company based in China. It has overseas offices in New York and London, employs over 300 people and has USD 121 billion in assets under management.
In terms of its approach to senior leadership accountability, there is no evidence that Harvest Fund 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. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Harvest Fund Management has an opportunity to disclose the proportion of women in its highest governing body and in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution also has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that Harvest Fund Management discloses a target to reach net-zero financed emissions by 2050. Furthermore, 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. Additionally, 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 Harvest Fund Management is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Harvest Fund 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 has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Moreover, to provide transparency on financial inclusivity, Harvest Fund Management has an opportunity to disclose the amount of investments directed towards low-income developing countries.