Nationwide

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights, as well as a publicly available policy statement expecting suppliers to respect the ILO core labour rights. Furthermore, the financial institution specifies that it does not make political contributions. Finally, it has a publicly available policy statement committing it to respect human rights.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to conduct third-party assurance or verification of target reporting. Furthermore, it is recommended to link senior executive remuneration performance criteria to specific sustainability targets and to specify the aggregate amount or share of investments devoted to nature-positive solutions. It is also advised that the financial institution transparently identifies and prioritises its material sustainability impacts across its value chain based on objective criteria and/or supportable evidence and has a stewardship policy in place.

The financial institution should provide examples of how its products and services support climate adaptation and resilience, disclose data on Scope 1 and 2 emissions, as well as clarify whether Scope 2 emissions are location or market-based values. The entity is further advised to monitor Scope 3 emissions by category and transparently detail their footprint calculation methodology. A transition plan covering operations, supply chain, and portfolio should also be established, along with a breakdown of clients by income group.

Moreover, the financial institution should disclose processes to avoid unintended divestment from low-income countries due to sustainability strategies. The institution should include human rights risks in its assessment process, particularly regarding ILO fundamental rights, and disclose mitigation processes for identified risks. Additionally, it should identify social risks related to the net zero transition and provide examples of actions taken on salient human rights issues from assessments conducted in the last three years.

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.