Public Investment Fund

No leading practices identified for the financial institution.

While the financial institution discloses the breakdown of clients and/or beneficiaries by country, it could further detail what this disclosure covers. There are opportunities for the institution to disclose that it links performance criteria for remuneration at the senior executive level to specific sustainability targets and that it refrains from providing products, services or capital, neither to new fossil fuel projects nor to clients and investees undertaking such projects. Furthermore, it could monitor Scope 3 emissions by category and transparently detail the methodology applied in its footprint calculation.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and disclose the breakdown of clients or beneficiaries by income group. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. The institution could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to its products, services, and capital.

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.