Mercer

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 assessed entity engages in partnerships to influence and support sectors, clients and investees to act on their nature-related impacts.

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts and link senior executive remuneration to sustainability targets. While it has a stewardship policy addressing environmental issues, there is potential for it to enhance this policy to support environmental transitions and social best practices. The institution does not provide products or services to certain fossil fuel projects but does not specify all fossil fuels. It can disclose a strategy for considering nature in investments and support clients in developing nature-protection strategies.

There is an opportunity to offer products and services that aid climate adaptation and resilience, as well as to disclose scope 1-2 emissions and monitor scope 3 emissions. Transparency in the methodology for footprint calculations and a breakdown of clients by income group is recommended. The institution should disclose operations by country, including employee numbers or revenue, and ensure its risk assessment process addresses ILO fundamental rights.

It is also recommended to identify social risks related to the net zero transition and provide examples of actions taken regarding salient human rights issues from recent assessments.

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.