Council Commitments - Council for Inclusive Capitalism

State Street CorporationFile an annual TCFD report that discloses against TCFD recommendations, including progress toward showing the impact of our investments on climate change and the impact of climate change on our investmentsState Street CorporationReport to Board of Directors at least annually on material ESG issues; material issues are reviewed and updated every two years to reflect changes in emphases. Annual ESG goals are reviewed and discussed.State Street CorporationEnsure annual ESG Report (formerly referred to as Corporate Responsibility Report) is in accordance with GRI Standards, satisfies EU Directive on Non-financial Reporting and includes full SASB and TCFD reports in Appendix.State Street CorporationSignatory to Task Force on Climate-related Financial Disclosures, 27.5% reduction of carbon use by 2030 against 2019 baselineState Street Corporation10% reduction of water use (on a per-person basis) by 2025 against 2015 baseline; 80% recycling rate of waste by 2025; carbon neutral for Scope 1 and Scope 2 beginning in 2020.State Street CorporationState Street will increase female representation among SVP’s and above to 33% over 3 years and 36% over 5 yearsState Street CorporationState Street will increase employees of color among SVP’s and above to 19% over 3 years and 22% over 5 years; increase diversity of Board by 2021.State Street CorporationMeasure senior executives’ progress toward business unit diversity goals as a component of their overall performance evaluationsState Street CorporationState Street is committed to creating an environment where all employees want to work – and in order to do so, works to offer employee wellness benefits that our employees value.State Street CorporationIn 2020, distribute $25M to non-profit organizations around the world, primarily in support of funding priorities of education and workforce developmentState Street CorporationFor every 16 hours volunteered for a single organization by an employee, State Street Foundation will donate US$500 to that organization.MastercardMastercard is committed to clean energy by purchasing 100% renewable electricity for all our global operations.MastercardFor the second year, we increased and met our goal for waste diversion, achieving 80% for 2019 in three U.S. offices. We’ve increased that goal to 85% waste diversion in 2020, with an eventual end goal of zero-waste in our owned facilities in the U.SMastercardFive years ago, we made a commitment to bring 500 million financially excluded individuals into the digital economy. Having achieved that goal, we’re focused on extending our commitment, with plans to bring in a total of a billion individuals by 2025MastercardIn 2018, Mastercard committed $500 million to inclusive growth from the 2017 tax relief act benefit. This commitment led to the creation of the Mastercard Impact Fund. As of June 2020, the Fund has committed over $155 million in grants.MastercardMastercard is committed to supporting the search for a COVID-19 cure and aiding small businesses and financially vulnerable communities worldwide by committing up to $300 million in the fight against COVID.MerckExpand access to our products through dedicated, market-based affordability solutions that allow flexibility to reach at-need populations and patientsMerckWhen market-based solutions are inadequate or unavailable, pursue programs to provide direct access to our medicines and vaccinesMastercardWe are expanding our annual spending with Black suppliers by more than 70% to $100 million annually by 2025.MastercardMastercard is promoting gender equality by building STEM knowledge and develop critical skills that girls need, and spark their curiosity in STEM by continuing our signature STEM program, Girls4Tech™, to reach five million by 2025.MastercardWe are enhancing our end-to-end talent program to ensure we’re recruiting, developing and retaining black employees at ever level. We have committed to growing our Black leadership at the VP-level and above by 50% by 2025.MastercardWe have pledged to invest $500 million in Black communities over the next five years.State Street CorporationIncrease engagement globally with publicly-traded companies on ESG issues, including gender diversity and racial equity; publish our engagement history and proxy voting in our annual stewardship report.State Street CorporationHelp launch initiative to provide financing and advice to small minority-owned businesses; increase our procurement spend with diverse vendors by 2022.BPWe aim to get to net zero on an absolute basis across the carbon in our oil and gas production by 2050 or sooner, with a target of 20% reduction by 2025 and aim for a 35 - 40% reduction by 2030.Brunello Cucinelli S.p.A.Brunello Cucinelli commits to identify and implement measures to improve its employees' work environment and health by introducing preventive measures to meet specific corporate departments and individual workers' needs.Brunello Cucinelli S.p.A.Brunello Cucinelli commits to reducing its environmental footprint by requiring supplier compliance with national and international environmental regulations.AllianzEnhance digital access to products, Status: 100% of all products launched are digital, Metric: % digital products of all products launchedGuardian LifeGuardian Life commits to creating a customer-centric organization responding to the changing economic environment by measuring customer satisfaction, grow direct to consumer business, and regularly review performance against organizational strategy.Guardian LifeGuardian Life commits to promoting innovation and risk management processes to anticipate people’s needs and assure delivery on long-term financial promises by regularly reviewing risk commitments at the business and corporate levels.Guardian LifeGuardian Life commits to proactively reskiling employees for the changing work environment by providing paths for all colleagues to earn a degree with no debt and provide reskilling opportunities for those displaced by automation.Guardian LifeGuardian Life commits to advancing a strategy where worksites are sustainable, and workers are empowered to do their best work by encouraging 50% of colleagues to work from home by 2020 and have 83% of main offices LEED-certified by the end of 2019.Guardian LifeGuardian Life commits to developing job training and financial empowerment programs in underserved communities by replicating and scaling job training programs and economic empowerment CSR programs to reach 10,000 individuals by 2022.AllianzAchieve 25% women in Boards of Management globally by the end of 2021, goal reached, 2019: 31%.AmundiAmundi commits to investing in specific environmental and social initiatives by doubling targeted assets from €10bn to €20bn by the end of 2020.AmundiAmundi commits to enhancing engagement with companies on key ESG issues across portfolios by becoming 100% ESG in its ratings, management, and voting by the end of 2021.AmundiAmundi commits to disclosing the risks and opportunities presented by climate change by working with systemically important emitters to reduce emissions by 45 percent by 2030 compared with 2010 levels to meet net-zero targets.AmundiAmundi commits to increasing social cohesion and solidarity by increasing the Finance&Solidarité fund from AuM €200m to €500m by 2021.DuPontDuPont will respond to the urgent need for climate action by reducing absolute Scope 1 and 2 greenhouse gas emissions 30% and sourcing 60% of electricity from renewable sources by 2030, and achieving carbon neutral operations by 2050.Guardian LifeGuardian Life will maintain a commitment to key values as a guide for all decisions by maintaining 90+% of colleagues who believe Guardian makes decisions by our values.BPbp will more actively advocate for policies that support net zero, including carbon pricing.BPbp commits to no oil and gas exploration and production in the most sensitive protected areas, and aims to achieve net positive impact on biodiversity in our new projects and to enhance biodiversity around our existing major operating sites.BPWe will support the market for Natural Climate Solutions to grow, aiming to have access to carbon credits from around 100 NCS projects in our portfolio.MerckIdentify and meet the healthcare needs of patients through continuous innovation and scientific excellenceMerckStrive to ensure all suppliers operate in a matter consistent with the Business Partner Code of Conduct as well as the PSCI Pharmaceutical Industry Principles and the Ten Principles of the United Nations Global CompactMerckConduct clinical trials, including trials in Low-Income and Middle-Income countries, in accordance with the global standards of Good Clinical Practices and applicable local regulatory requirementsMerckEnsure product quality and safetyMerckUse environmental design criteria in the development of our manufacturing processes and packaging. By 2020, at least 90% of new human health active pharmaceutical ingredient processes will meet internal sustainability targets at launch.MerckReduce GHG emissions and other associated air pollutants. By 2025, reduce global Scope 1 and market-based Scope 2 GHG emissions by at least 40% from 2015 levels.MerckEngage with suppliers to drive positive sustainable change. By 2025, at least 90% of strategic suppliers with the highest environmental impact to set their own GHG emission and water use reduction targets.
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