Sura Asset Management

Oversight and decision-making responsibility for Sura Asset Management’s sustainability strategy are allocated to the highest governance body.

The financial institution has a publicly accessible policy statement affirming its commitment to uphold the ILO core labour rights. It also maintains a publicly available policy that expects its suppliers to adhere to these fundamental labour rights. Moreover, the institution has a publicly available policy statement committing it to respect human rights.

The financial institution has the opportunity to conduct third-party assurance or verification of target reporting and link performance criteria for remuneration at the senior executive level to specific sustainability targets. It could monitor other Scope 3 emissions by category and transparently detail the methodology for footprint calculation.

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.