T&D Holdings

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights. It has a plan for aligning its stewardship activities with its targets and conducts third-party assurance or verification of its target reporting. Moreover, the financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. It also monitors its Scope 1-2 emissions.

The 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 could include anti-bribery and anti-corruption clauses in contracts with business partners. While it identifies material sustainability impacts across its value chain, further detail on the criteria and evidence used for prioritisation is needed. Linking senior executive remuneration to specific sustainability targets is recommended. A stewardship policy supporting environmental transitions and social best practices aligned with its sustainability strategy is also suggested. Although it discloses information on financed emissions, expanding coverage to indicate the share of emissions included is advisable. Monitoring scope 3 emissions could be enhanced by covering additional categories and explaining exclusions.

A breakdown of clients by income group should be disclosed, along with a risk assessment process that includes ILO fundamental rights at work for those affected by its products and services. It is recommended that a mitigation process for identified risks be disclosed, as well as a method for identifying social risks related to the net zero transition.

Lastly, providing an example of actions taken regarding a salient human rights issue from the last three years is recommended.

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.