Temasek

The financial institution maintains a gender balance of 40-60% at the senior executive level and has a plan to align its stewardship activities with its targets. Decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to specific sustainability targets. It delegates the responsibility for implementing the sustainability strategy functions, teams, or committees within the institution.

The institution transparently identifies the key sectors, clients, and investees to engage with on climate issues. It also provides examples of how its products, services, and capital support climate adaptation and resilience in society. Furthermore, the institution monitors its Scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15). Additionally, it has interim targets for 2025 and 2030 aligned with a 1.5C trajectory and its Scope 1-3 emissions are reduced in line with these interim targets.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to publish a policy statement indicating it does not make political contributions

The institution has an opportunity to disclose that it commits to not using lobbying and political engagement power to impact in directions that would lead to adverse sustainability impacts. Furthermore, it could disclose that it does not provide products, services, or capital, neither to new fossil fuel projects nor to clients and investees undertaking such projects. Besides, the institution could also disclose the aggregate amount, in monetary terms, of its offerings devoted to specified nature-positive solutions. While it monitors scope 3 emissions beyond financed emissions, it could cover additional categories and provide a rationale for those excluded as well as transparently detailing the methodology applied in its footprint calculation.

It is recommended that the financial institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. The institution’s risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

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.