Vista Equity Partners

No leading practices identified for the financial institution.

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 could also include anti-bribery and anti-corruption clauses in contracts and disclose a materiality assessment to identify and prioritise sustainability impacts based on objective criteria.

Other recommendations include conducting third-party assurance for target reporting as well as linking senior executive remuneration to sustainability targets. In terms of emissions, it could monitor emissions from financing activities (Scope 3 category 15). While it monitors other scope 3 emissions, it could specify coverage per category and should provide more recent data. Moreover, the institution should disclose a transition plan for its operations, supply chain, and portfolio, and ensure its scope 1-3 emissions align with interim targets.

It is further advised that the financial institution discloses the breakdown of clients by income group and processes to avoid unintended divestment from low-income countries due to sustainability strategies. Additionally, its risk assessment process should include risks associated with ILO fundamental rights, along with a mitigation process for identified risks. Finally, it should identify social risks related to the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in 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.