Ohio Deferred Compensation
Ohio Public Employees Deferred Compensation Program is a US-based supplemental retirement plan for all Ohio public employees. The financial institution is a non-profit organisation created by Ohio legislation in 1976. A 13-member board, composed of public employees, retirees, and appointed investment experts, selects and monitors investment options alongside an independent investment consultant. During the assessed period total assets corresponding to USD 19.4 billion were reported.
Leading practices
The financial institution discloses its operation by country (e.g. by number of employees or revenue).
Risks and opportunities
The financial institution has opportunities to disclose its methodology for determining a living wage in its operational regions and to provide a publicly available policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. Recommendations include linking senior executive remuneration performance criteria to specific sustainability targets, monitoring scope 3 emissions by category, and transparently detailing the methodology for footprint calculations. It is advised to establish a transition plan for its operations, supply chain, and portfolio, and to ensure that scope 1-3 emissions align with interim targets. Additionally, a breakdown of clients and beneficiaries by income group should be disclosed, along with a risk assessment process that considers ILO fundamental rights at work. The institution should also identify social risks related to the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past three years.
The financial institution has opportunities to disclose its methodology for determining a living wage in its operational regions and to provide a publicly available policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. Recommendations include linking senior executive remuneration performance criteria to specific sustainability targets, monitoring scope 3 emissions by category, and transparently detailing the methodology for footprint calculations. It is advised to establish a transition plan for its operations, supply chain, and portfolio, and to ensure that scope 1-3 emissions align with interim targets.
Additionally, a breakdown of clients and beneficiaries by income group should be disclosed, along with a risk assessment process that considers ILO fundamental rights at work. The institution should also identify social risks related to the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past three years.
Disclaimer
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.
See results for
More about the company
- Headquarters
- United States
- Ownership structure
- Government
- Results 2024
- Total assets: USD 19.4 billion;
- Number of employees
- -
- Website
- https://www.ohio457.org/home
