TRSGA

The financial institution maintains a gender balance (between 40-60%) at the senior executive level.

The financial institution has opportunities to disclose its methods for determining a living wage in its operational regions and to provide a publicly available policy statement against bribery and corruption. Furthermore, it should include anti-bribery and anti-corruption clauses in contracts and is recommended to disclose third-party assurance or verification of target reporting.

Further recommendations include linking senior executive remuneration to specific sustainability targets and monitoring scope 3 categories by categories. Moreover, transparency in the methodology for its carbon footprint calculation and the establishment of a transition plan for its operations, supply chain, and portfolio is advised, along with disclosing scope 1-3 emissions reductions in line with interim targets.

The financial institution should provide a breakdown of clients and beneficiaries by income group, along with processes to avoid divestment from low-income and lower-middle countries due to sustainability strategies. Furthermore, its risk assessment process should include risks related to ILO fundamental rights, with a mitigation process for identified risks. Finally, the institution should identify social risks linked to its products and services in the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past 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.