Progressive

The financial institution  discloses its lobbying expenditures. The financial institution monitors its scope 1-2 emissions.

The financial institution has a publicly available policy statement committing to respect specific workers’ rights and expects its suppliers to do the same, with an opportunity to reference all ILO fundamental rights at work. It can disclose how it determines a living wage in its operational regions. Anti-bribery and anti-corruption clauses are included in contracts, but consequences for breaches are not specified. There is an opportunity to transparently identify and prioritise material sustainability impacts across the value chain based on objective criteria.

Recommendations include linking senior executive remuneration performance criteria to specific sustainability targets, monitoring scope 3 categories, detailing the methodology for footprint calculations, and establishing a transition plan for operations, supply chain, and portfolio. It is advised that emissions across scopes 1-3 reduce in line with interim targets and that a breakdown of clients by income group is disclosed. The risk assessment process should include risks related to ILO fundamental rights for those impacted by its products, services, and capital, along with a process for mitigating identified risks.

Additionally, it is recommended to identify social risks associated with the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessment processes 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.