SEI Investments

No leading practices identified for the financial institution.

The financial institution has the opportunity to disclose its method for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in contracts. It is recommended to disclose third-party assurance or verification of target reporting and to link senior executive remuneration performance criteria to specific sustainability targets. Furthermore, while a list of trade associations is disclosed, it does not represent a full list.

The financial institution should commit to not using lobbying power to create adverse sustainability impacts and disclose actions taken to align lobbying with its sustainability strategy. It monitors scope 3 emissions but could expand coverage and provide rationale for its exclusions. Additional recommendations include disclosing a transition plan for operations, supply chain, and portfolio, ensuring scope 1-3 emissions align with interim targets, and breaking down clients by income group.

The financial institution should also disclose processes to avoid divestment from low-income countries due to sustainability strategies, include risks associated with ILO fundamental rights in its risk assessment, and have a mitigation process for identified risks. Finally, it should 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 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.