Mesirow Financial

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body while the implementation responsibility is delegated to functions and teams within the institution. However, no leading practices were identified for the financial institution with regard to Financing Climate and Nature protection and restoration, Environmental footprints, and Inclusive finance.

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 with relevant clauses included in its contracts with business relationships. Furthermore, it could disclose that it conducts third-party assurance or verification of its target reporting and links performance criteria for remuneration at the senior executive level to specific sustainability targets. While the institution identifies material sustainability impacts across its value chain, it could further detail its process and how objective criteria and/or supportable evidence were considered for the identification and priortization of impacts.

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.