Mubadala Investment Company

Mubadala Investment Company performs fairly well in the area of stewardship. It has a stewardship policy that supports environmental transitions and social best practices in line with its sustainability strategy and covers client and other stakeholder engagement as well as advocacy and partnerships.

It also has some disclosures in other aspects as well. For instance, it assigns responsibility for implementing its sustainability strategy to various functions, teams or committees. It also transparently identifies the key sectors, clients and investees to engage with on climate issues and provides at least one example of how its products, services and capital supports the climate adaptation and resilience of society.

Lastly, it also specifies that it does not make political contributions.

There is scope for Mubadala Investment Company to enhance its disclosures in several areas, namely organisational carbon footprint, financing to low and lower-middle income countries, and its risk assessment process associated with the ILO fundamental rights at work.

With regards to carbon footprint, it could transparently detail the methodology applied in its footprint calculation and establish a transition plan covering its own operations, supply chain and portfolio. Financing-wise, it has an opportunity to disclose the breakdown of clients and/or beneficiaries by income group and its processes for avoiding divestment from low-income and lower-middle countries as unintended consequences of its sustainability strategies and targets. It is also recommended that the financial institution discloses that its risk assessment process includes risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital and its process for mitigating such risks when identified.

Mubadala Investment Company could also strengthen its commitment to the ILO fundamental rights at work. While it has a publicly available policy statement committing to respect specific workers’ rights and expects its suppliers to do the same, it has an opportunity to reference all ILO fundamental rights at work.

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.