Payden & Rygel

No leading practices were identified for Payden & Rygel in the governance and strategy measurement area.

As a member of the Zero Asset Managers Initiative and Climate Action 100+, Payden & Rygel has set a target of net-zero financed emissions by 2050 and provides evidence that it collectively engages with its clients on the topic of climate change.

Payden & Rygel discloses a public commitment to protect personal data and a privacy statement on the use of personal data.

Payden & Rygel could assign responsibility for sustainability to the board of directors and link the remuneration of its executive or management teams to sustainability performance criteria. Moreover, the asset manager has an opportunity to a commitment to gender equality and women’s empowerment and the proportion of women on the board of directors and in senior leadership roles. It also could provide evidence of how it addresses any gender pay gaps. Furthermore, Payden & Rygel has an opportunity to describe its engagement approach on sustainability themes and impact topics with its investees at the group level.

Payden & Rygel could disclose interim emissions reduction targets at the group level and the key sectors it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Moreover, the asset manager has an opportunity to provide evidence of its financing activities devoted to climate solutions and related time-bound targets. Additionally, Payden & Rygel could commit to minimising its negative impacts on biodiversity. No evidence was found regarding its approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels or its stance on financing companies with new fossil fuel projects.

Payden & Rygel could disclose publicly available policy statements committing it to respect human rights, the ILO core labour rights, and the health and safety of workers. Moreover, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities. On diversity, the asset manager could provide evidence of the proportion of its total direct operations workforce for each employee category by age group and gender. To provide transparency on financial inclusivity, Payden & Rygel has an opportunity to disclose the amount of finance directed towards women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries. To conclude, it could establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns.