Sberbank

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution links performance criteria for remuneration at the senior executive level to specific sustainability targets. The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution.

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights. The stewardship policy covers client and other stakeholder engagement as well as advocacy and partnerships. The financial institution has a publicly available policy statement committing it to respect human rights.

The financial institution discloses statements urging suppliers to respect the ILO’s fundamental rights at work but could enhance this with stronger language in a formal policy document. It has the opportunity to clarify how it determines a living wage in its operational regions. While identifying material sustainability impacts, further detail on the process and criteria for prioritisation across the value chain is needed. A strategy for the protection and restoration of nature in priority sectors could be disclosed. Although scope 1-2 emissions are reported, more detail on scope 2 emissions, distinguishing between market-based and location-based, is necessary. The monitoring of scope 3 emissions could include additional categories with rationale for exclusions. The methodology for carbon footprint calculation requires comprehensive coverage of emissions, data types, sources, and standards.

A breakdown of clients and beneficiaries by income group is recommended. The risk assessment process addresses some ILO fundamental rights but should encompass the full set. A process for mitigating identified risks is recommended, along with a method for identifying social risks related to the net zero transition.

Lastly, an example of conclusions and actions taken regarding salient human rights issues from assessment processes in the last three years should be provided.

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.