Sunshine Insurance Group

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution links performance criteria for remuneration at the senior executive level to specific sustainability targets. The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution. The financial institution discloses its operation by country (e.g. by number of employees or revenue).

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. While it identifies material sustainability impacts, further details on the processes and criteria used for prioritisation across its value chain could be provided. Although it discloses its scope 1-2 emissions, it could detail its scope 2 emissions with reference to those being market-based or location-based.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and publish the breakdown of clients or beneficiaries by income group. It could also 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.