Sony Financial Holdings

No leading practices were identified for Sony Financial Holdings in the governance and strategy measurement area.

No leading practices were identified for Sony Financial Holdings in the respecting planetary boundaries measurement area.

No leading practices were identified for Sony Financial Holdings in the adhering to societal conventions measurement area.

In terms of its approach to senior leadership accountability, Sony Financial Holdings has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, it has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees. It also has an opportunity to provide a public commitment to gender equality and women’s empowerment and reach at least 40% female representation in senior leadership positions. In terms of female representation in leadership positions, women are underrepresented on the board of directors where all board members are men. Moreover, Sony Financial Holdings could disclose the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category and the actions taken to address any pay gaps.

Sony Financial Holdings could disclose a target to reach net-zero financed emissions by 2050 and the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. It could also disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, Sony Financial Holdings has an opportunity to demonstrate how it is committed to minimising its negative impacts or financing regenerative solutions. No evidence was found regarding Sony Financial Holdings’ approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.

Sony Financial Holdings has an opportunity to provide a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Furthermore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Additionally, it has an opportunity to clarify if its grievance mechanism is confidential and anonymous. Sony Financial Holdings could disclose the proportion of its total direct operations workforce for each employee category by age group and gender. To provide transparency on financial inclusivity, it has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.