Shengjing Bank

The financial institution discloses its operation by country (e.g. by number of employees or revenue).

The financial institution commits to respecting the ILO’s fundamental rights at work but could strengthen this commitment by formalising it in a policy document. It has the opportunity to disclose its methodology for determining a living wage in its operational regions. While bribery and corruption are prohibited, formalising this commitment in a public policy document is advisable, along with including anti-bribery and anti-corruption clauses in contracts. The institution identifies material sustainability impacts but could enhance transparency regarding its process for prioritising these impacts. Recommendations include linking senior executive remuneration to sustainability targets, monitoring scope 3 emissions by category, detailing the footprint calculation methodology, and ensuring scope 1-3 emissions align with interim targets.

It is also recommended to disclose the breakdown of clients by income group and to avoid unintended divestment from low-income countries due to sustainability strategies. The risk assessment process should include ILO fundamental rights risks, with a mitigation process for identified risks.

Additionally, the institution should identify social risks related to the net zero transition and provide examples of actions taken regarding salient human rights issues from assessments conducted 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.