St. James’ Place

The financial institution publishes an engagement report detailing outcomes related to sustainability impact topics. Decision-making and oversight of the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to sustainability targets. Furthermore, it delegates the responsibility for implementing its sustainability strategy to specific functions or teams within the institution.

Additionally, the institution transparently identifies key sectors, clients, and investees for engagement on climate and nature-related issues. It actively engages with these clients and investees to influence and support them to set strategies for nature protection and restoration. The institution also monitors its Scope 1-3 emissions.

The financial institution commits to respecting the ILO’s fundamental rights at work but has the opportunity to formalise this in a policy document. It can also include anti-bribery and anti-corruption clauses in its contracts with business relationships.

The institution could commit to not using its lobbying and political engagement power to impact in directions that would lead to adverse sustainability impacts. Furthermore, it has the opportunity to disclose the monetary amount of its provision of products, services, and capital linked to its priority sectors and areas representing their highest negative impact on nature. Additionally, while the institution monitors the emissions resulting from its associated financing activities (Scope 3 category 15), it could disclose its absolute financed emissions rather than carbon intensity.

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. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Moreover, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

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.