MN

Regarding its approach towards impact management, MN acknowledges that its investment activities have both positive and negative impacts.

MN discloses nine key companies in the oil and gas and utilities sectors which it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, the financial institution collectively engages with its investees through the Climate Action 100+ initiative and requires them to have a strategy aligned with a 1.5°C trajectory. MN also discloses the aggregate amount of investment it devotes to climate solutions.

MN discloses a public commitment to protect personal data.

At the time of research, there was no evidence in English that MN links the remuneration of its executive or management team to sustainability performance criteria. Furthermore, based on the available disclosure, the financial institution has an opportunity to commit to gender equality and women’s empowerment. MN has an opportunity to disclose how it is addressing the gender pay gap as well as the representation of women in senior leadership roles.

While MN is committed to setting carbon dioxide (CO2) reduction targets for relevant investments, it has yet to set them. Moreover, while the financial institution discloses the aggregate amount of investment it devotes to climate solutions, though it could also disclose what they include. Based on the available evidence in English, no evidence was found regarding MN’s approach to fossil fuels, such as the amount or share of investments it directs towards fuels, or its stance on investing in companies with new fossil fuel projects. Regarding nature and biodiversity, the pension fund could commit to minimising its negative impacts or financing regenerative solutions.

There is no evidence in English that MN has a publicly available policy statement committing it to respect human rights or the health and safety of workers. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. The financial institution could also disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, MN has an opportunity to disclose the amount of investment directed towards low-income developing countries.