Stifel Financial Corp

No leading practices identified for the financial institution.

The financial institution has a publicly available policy statement committing to respect specific workers’ rights but could reference all ILO fundamental rights at work. It 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. Political contributions are made after internal approval, but it could clarify if these are exceptions and the criteria for them. While it identifies material sustainability impacts across its value chain, further detail on the process and criteria for prioritisation is needed. Linking senior executive remuneration to sustainability targets is recommended, along with disclosing scope 1-2 emissions and monitoring scope 3 emissions by category. Transparency in the methodology for footprint calculation and establishing a transition plan for operations, supply chain, and portfolio is advised. It should also ensure that emissions reduction aligns with interim targets.

Although it discloses its European operations, related data such as revenue or employee numbers should be included and it could provide a breakdown of clients by income group. The risk assessment process should encompass risks associated with ILO fundamental rights, and there should be a process for mitigating identified risks.

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