USAA

No leading practices were identified for the financial institution in the governance and strategy measurement area.

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

USAA has a publicly available policy statement committing it to respect human rights. The financial institution also discloses the proportion of women in its total direct operations workforce for each employee category. USAA has a grievance mechanism accessible to all workers, external individuals, stakeholders and communities to raise complaints or concerns regarding human rights or bribery and corruption. It also has a policy prohibiting bribery and corruption.

In terms of its approach to senior leadership accountability, USAA has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, it could provide a public commitment to gender equality and women’s empowerment and disclose the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category. USAA could also disclose the actions taken to address any pay gaps. Moreover, it has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.

USAA has an opportunity to disclose a target to reach net-zero financed emissions by 2050 as well as the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Additionally, USAA could disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

USAA has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. TFurthermore, it could disclose the proportion of its total direct operations workforce for each employee category by age group. To provide transparency on financial inclusivity, USAA could disclose the amount of finance directed towards low-income developing countries.