Sura Asset Management

In terms of senior leadership accountability, Sura Asset Management assigns the responsibility for sustainability issues to the board-level sustainability and corporate governance committee.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Sura Asset Management has a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns.

In terms of its approach to senior leadership accountability, Sura Asset Management has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Women are underrepresented on the board of directors where only one out of seven board members are women. In addition, Sura Asset Management has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The asset manager has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.

There is no evidence that Sura Asset Management discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, the asset manager has an opportunity to disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that Sura Asset Management is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence in English that Sura Asset Management has 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. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. The asset manager has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, Sura Asset Management has an opportunity to disclose the amount of finance directed towards low-income developing countries.