Lord Abbett

The financial institution monitors other scope 3 categories, by category. However, no leading practices were identified for the financial institution with regards to Strategy, governance and stewardship, Financing Climate and Nature protection and restoration, and Inclusive finance.

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. It can formalise its anti-bribery and anti-corruption commitment in a public policy document and include relevant clauses in its contracts with business relationships. While the institution discloses its scope 1-2 emissions, it could clarify whether its Scope 2 emissions are market-based or location-based. Furthermore, it could transparently detail the methodology applied in its footprint calculation. Although it discloses the breakdown of clients and/or beneficiaries by country, it has the opportunity to further detail what this disclosure covers.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and disclose the breakdown of clients or beneficiaries by income group. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. The institution could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to its products, services, and capital.

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.