J. Safra Sarasin

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 engages in partnerships to influence and support sectors, clients and investees to act on their nature-related impacts, and it monitors its scope 1-2 emissions.

The financial institution has an opportunity to disclose a policy statement committing it to respect the human rights that the ILO has declared to be fundamental rights at work and disclose how it determines a living wage for the regions where it operates. Furthermore, it could disclose that it links performance criteria for remuneration at the senior executive level to specific sustainability targets.

While the financial institution prohibits bribery and corruption, it has an opportunity to formalise this commitment in a public policy document. It is recommended that the financial institution discloses that it conducts third-party assurance or verification of its target reporting and transparently details the methodology applied in its footprint calculation. It is recommended that the financial institution disclose that it has established a transition plan covering its own operations, supply chain and portfolio and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Moreover, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

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.