Lazard

The financial institution specifies that it does not make political contributions.

While the financial institution has previously conducted a materiality assessment, this is now outdated, and the entity should transparently identify and prioritise its material sustainability impacts based on objective criteria. Additional recommendations include disclosing third-party assurance for target reporting, linking senior executive remuneration to sustainability targets, and establishing a group-level stewardship policy aligned with its sustainability strategy.

While the financial institution discloses its scope 1-2 emissions, specifying scope 2 emissions as market-based or location-based is suggested. It is further recommended to disclose financed emissions at the group level, as well as to establish a transition plan for operations and supply chain while ensuring that scope 1-3 emissions reduce in line with interim targets.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in contracts. Moreover, the breakdown of clients by income group and processes to avoid divestment from low-income countries should be disclosed. Additionally, the risk assessment process should include ILO fundamental rights risks, with a mitigation process for identified risks. Finally, the institution should also identify social risks related to the net zero transition and provide examples of actions taken regarding salient human rights issues from assessments in 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.