Talanx Group

The financial institution assigns responsibility for implementing its sustainability strategy to specific functions, teams, or committees. It has a publicly available policy statement committing to respect human rights. The institution monitors its Scope 1 and 2 emissions and discloses its operations by country, such as by number of employees or revenue.

The financial institution has a publicly available policy statement committing to specific workers’ rights but could reference all ILO fundamental rights at work. It expects suppliers to respect these rights and has an opportunity to disclose how it determines a living wage in its operational regions. Anti-bribery and anti-corruption clauses are included in contracts, but consequences for breaches are not specified. There is an opportunity to disclose a policy statement regarding political contributions.

While material sustainability impacts are identified, further detail on the process and criteria for prioritisation is needed. Linking senior executive remuneration to sustainability targets is recommended. The institution discloses its engagement process on ESG topics but could publish a stewardship policy aligned with its sustainability strategy. A partial list of trade associations is disclosed, and although a target sustainable investments by 2025 has been met, no new targets are provided, nor is the share for climate solutions specified. A breakdown of clients by income group is recommended. The risk assessment process includes some ILO rights but could cover the full set. Identifying social risks related to the net zero transition is also recommended, along with providing examples of conclusions and 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.