Warburg Pincus

No leading practices identified for the financial institution.

Warburg Pincus has references to materiality risks, including ESG issues but there is no evidence of a materiality assessment with objective criteria for prioritising impact. Although the financial institution has an ESG Policy and Report, there is no clear definition of sustainability topics or engagement. Recommendations include disclosing third-party assurance of target reporting and linking senior executive remuneration to sustainability targets.

The financial institution has a list of active investments as of December 2023 but does not disclose monetary amounts related to high-emitting and fossil fuel sectors. While scope 1-2 emissions are disclosed, scope 2 emissions could be detailed further. Additionally, the institution could disclose that it has established a transition plan covering its own operations, supply chain, and portfolio.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and publish the breakdown of clients or beneficiaries by income group. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, it could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. The institution could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to the products, services, and capital it offers.

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.