Healthcare of Ontario Pension Plan

The financial institution maintains a gender balance (between 40-60%) at the senior executive level. The financial institution transparently identifies the key sectors, clients and investees to engage with on climate issues. The financial institution discloses its operation by country (e.g. by number of employees or revenue).

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts and is recommended to disclose third-party assurance of target reporting. Linking senior executive remuneration to sustainability targets is also advised. Establishing a stewardship policy that aligns with its sustainability strategy is suggested, alongside disclosing its stance on not providing products or services to certain fossil fuel projects.

While it has climate solution targets, these could be better defined. The institution engages with clients on nature protection and restoration strategies and is encouraged to monitor scope 3 emissions and detail its footprint calculation methodology. It should disclose that its scope 1-3 emissions align with interim targets and provide a breakdown of clients by income group. The risk assessment process should include ILO fundamental rights and a mitigation strategy for identified risks. Additionally, it is recommended to identify social risks related to the net zero transition and provide examples of actions taken regarding salient human rights issues 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.