Sony Financial Holdings

No leading practices identified for the financial institution.

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and a publicly available policy statement prohibiting bribery and corruption with such clauses included in its contracts with business relationships.

While the institution identifies and prioritises material sustainability impacts, it could disclose the objective criteria and evidence used in its materiality analysis. Furthermore, it could link performance criteria for remuneration at the senior executive level to specific sustainability targets and monitor Scope 3 emissions by category. The institution could disclose that it has established a transition plan covering its own operations, supply chain and portfolio and report that its scope 1-3 emissions are reducing in line with its interim targets.

It is recommended that the institution disclose the breakdown of clients or beneficiaries by income group and 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 the products, services, and capital it offers.

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.