Keva

Keva demonstrates leading practices in two key aspects, namely stewardship and governance. Not only does it have a stewardship policy that supports environmental transitions and social best practices in line with its sustainability strategy, but it also publishes an engagement/stewardship report describing the outcome of engaging on sustainability impact topics. Governance-wise, it assigns decision-making and oversight responsibility for its sustainability strategy to its highest governance body and the responsibility for implementing its sustainability strategy to functions, teams or committees.

Keva also has some other disclosures as well. For instance, it engages in partnerships to influence and support sectors, clients and investees to act on their nature-related impacts. It discloses a list of the trade associations of which it is a member as well.

There is scope for Keva to enhance its disclosures in various aspects, particularly its disclosures on its organisational carbon footprint, financing to low and lower-middle income countries and its risk assessment processes associated with the ILO Fundamental Rights at work. While Keva discloses its scope 1-2 emissions and financed emissions, it could provide further details with regards to its compliance with recognized international standards. Keva could also detail the methodology applied in its footprint calculation and establish a transition plan covering its own operations, supply chain and portfolio.

Additionally, it could discloses the breakdown of clients and/or beneficiaries by income group and its processes for avoiding divestment from low-income and lower-middle countries as unintended consequences of its sustainability strategies and targets. As for its risk assessment processes, Keva has an opportunity to include risks associated with ILO Fundamental Principles and Rights at work in its risk assessment process. It is also recommended that the Keva discloses that it has a process for mitigating such risks when identified. Lastly, Keva has an opportunity to disclose how it determines a living wage for the regions where it operates.

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.