Man Group

The financial institution publishes an engagement/stewardship report describing the outcome of engaging on sustainability impact topics. The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution links performance criteria for remuneration at the senior executive level to specific sustainability targets. The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution.

The stewardship policy covers client and other stakeholder engagement as well as advocacy and partnerships. The financial institution transparently identifies the key sectors, clients and investees to engage with on climate issues. The financial institution monitors its scope 1-2 emissions. The financial institution has one or more interim targets for latest 2030 (e.g. 2025 and 2030) aligned with a 1.5C trajectory. The financial institution’s scope 1-3 emissions reduce in line with its interim targets.

The financial institution commits to respecting the ILO’s fundamental rights at work but could strengthen this commitment by formalising it in a policy document. It expects suppliers to uphold specific workers’ rights but should reference all ILO fundamental rights. There is an opportunity to disclose how a living wage is determined in its operational regions and to include anti-bribery and anti-corruption clauses in its contracts with business relationships. A publicly available policy statement regarding political contributions is also recommended.

While the institution identifies and prioritizes material sustainability impacts, it could enhance transparency by disclosing the objective criteria and evidence used in its materiality analysis. The existing stewardship policy could be enhanced to include environmental transitions and social best practices aligned with sustainability strategy. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, the financial institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

It 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 the products, services, and capital it offers.

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.