wealth and socity
OUR EVALUATION CRITERIA

The evaluation criteria for each of our awards are designed very specifically to be able to capture quantifiable insights, but predicated by a “Belief Statement” that captures what we are looking for.

Each Belief Statement can be broken down into its “Elements” so that candidates will know exactly what we are looking for and how much weightage we give to each of them. Each of the “Elements” are supported by quantifiable data, some which are specific financials and others which are proxies for conceptual areas, and we add them all up into a scorecard.

The scorecard is useful for many purposes. It attempts to be as objective as it possibly can be, and transparent so that it gives us the opportunity to discuss with the different participants what we thought we understood. From this, we are also able to subsequently draw up GAP analysis that can be used in any benchmarking exercise.

To recognise products and services offered by financial institutions that are highly customised and tailored to high and ultra-high net-worth clients, aspirational, risk diversified, innovative and offer superior performance to enable clients to achieve a positive financial return on investments or meet their lifestyle goals.

We also believe that impact-minded individuals and innovative institutions that are well run should be recognised for their contribution to society and their building of impact businesses that are not only transforming the lives of those in the wider community, but serve as an inspiration to others.

SCORECARD


Dimension Weight Criteria

Scope of project

15%
  • Purpose of project and the intended impact
  • Segment of population that it will impact
  • Number of people/family
  • Geographic location
  • Number of stakeholders/partners

Investment/Funding

15%
  • Amount of financial investment
  • Duration of project
  • Estimated financial returns
  • Integrated TSI into investment analysis
  • Share of total ESG/CSR portfolio

ESG Impact

25%
  • Stated Vision/Mission/Policy on ESG, CSR, Social Inclusion and Sustainable
  • Number of products and services based on ESG/CSR and by what percentage in product line
  • Number of client activity designed on ESG/CSR by what percentage in all client activities
  • Potential size of the social stakeholders
  • Evaluation of TSI performance
  • Applicable ESG/CSR ratings (FTSERussell, MSCI, ISS ESG, RobecoSAM, Refinitiv, Sustainalytics and CSRHub, etc)
Financial Impact 15%
  • Revenue income
  • ROI
  • Contribution to total shareholder return (TSR)
  • Percentage of return or income from long term
  • Burn rate for the project
Human Resources and Governance 15%
  • Clear disclosure of ESG/CSR Report
  • Overall strategy for transition to a low-carbon, sustainable investment. Climate change risk mitigation practices. management capacity given the specific risk exposures

Achievements in the year under review

15%
  • The names and experience of the promoters of the organization
  • Achievement of promoters
  • The ability to articulate an achievement that is not captured above

Please refer to the subsequent sections for the questions we are asking to help us in quantifying each of the awards covered.

*Notes

*Important notes:

  • Wealth and Society conducts its evaluation on an audit basis for all submissions made. This means that we have a standard set of questions that covers all aspects of the industry in which the business operates, the business’ financial product achievements, operations and specific factors under consideration.
  • Wealth and Society will do its own research to discover data that is not provided in the submission. If you do not provide complete data, Wealth and Society will make its own judgement based on third party information which may not be accurate or complementary. It is important to complete this questionnaire to the best of your ability.
  • Wealth and Society staff and associates are committed to strict confidentiality and integrity in the evaluation process. All staff and advisors are strictly prohibited from trading in the securities of participating institutions during the evaluation period, and any securities held must be disclosed. All researchers and advisors are not allowed to accept any form of gratuity from the participating institutions at any time.
  • All information will be kept strictly private and confidential, and will be used only for the evaluation in this programme and the benchmarking reports to be derived from them.
  • If you have any difficulties in completing this document, require additional assistance or would like to make a submission, you may contact Mr. Hugh Zeng at hzeng@theasianbanker.com
  • Visit us at www.wealthandsociety.com

To recognise products and services offered by financial institutions that are highly customised and tailored to high and ultra-high net-worth clients, aspirational, risk diversified, innovative and offer superior performance to enable clients to achieve a positive financial return on investments or meet their lifestyle goals.

We also believe that impact-minded individuals and innovative institutions that are well run should be recognised for their contribution to society and their building of impact businesses that are not only transforming the lives of those in the wider community, but serve as an inspiration to others.

SCORECARD


Dimension Weight Criteria

Proposition

20%
  • Business need or goal of the product
  • Segment of population that it will target
  • Tangible and intangible value the product will bring to prospects
  • Alignment of the proposition with core business advantages
  • Geographic location

Business Impact

20%
  • # of family, trustee, beneficiary
  • AUM
  • Asset growth
  • ROA
  • Contribution to total revenue
  • Contribution to total shareholder return (TSR)

ESG Impact

25%
  • Stated Vision/Mission/Policy on ESG, CSR, Social Inclusion and Sustainable
  • Number of products and services based on ESG/CSR and by what percentage in product line
  • Number of client activity designed on ESG/CSR by what percentage in all client activities
  • Percentage share of total portfolio
  • Number of stakeholders/Partners
  • Potential size of the social stakeholders
  • Evaluation of TSI performance
  • Intangible value created
  • Applicable ESG/CSR ratings (FTSERussell, MSCI, ISS ESG, RobecoSAM, Refinitiv, Sustainalytics and CSRHub, etc)
Innovation and Technologyt 15%
  • Working model or feature that is differentiate with the others
  • Special features that are tailored
  • Degree of knowledge or new technology transfer to beneficiary
Achievements in the year under review 10%
  • The names and experience of the promoters of the organization
  • The ability to articulate an achievement that is not captured above

Client management and Performance

10%
  • Published Exclusionary mandates
  • Client mandate for exclusion
  • Customer satisfaction and complaints

Please refer to the subsequent sections for the questions we are asking to help us in quantifying each of the awards covered.

*Notes

*Important notes:

  • Wealth and Society conducts its evaluation on an audit basis for all submissions made. This means that we have a standard set of questions that covers all aspects of the industry in which the business operates, the business’ financial product achievements, operations and specific factors under consideration.
  • Wealth and Society will do its own research to discover data that is not provided in the submission. If you do not provide complete data, Wealth and Society will make its own judgement based on third party information which may not be accurate or complementary. It is important to complete this questionnaire to the best of your ability.
  • Wealth and Society staff and associates are committed to strict confidentiality and integrity in the evaluation process. All staff and advisors are strictly prohibited from trading in the securities of participating institutions during the evaluation period, and any securities held must be disclosed. All researchers and advisors are not allowed to accept any form of gratuity from the participating institutions at any time.
  • All information will be kept strictly private and confidential, and will be used only for the evaluation in this programme and the benchmarking reports to be derived from them.
  • If you have any difficulties in completing this document, require additional assistance or would like to make a submission, you may contact Mr. Hugh Zeng at hzeng@theasianbanker.com
  • Visit us at www.wealthandsociety.com

Each scorecard are based on the 'Belief Statement' that encapsulates all the dimensions that defines a well run institution in this category. This Belief Statement is then broken down into its components and we then set out to identify the quantifiable data that we can use as proxy for each criteria.

Each Belief Statement can be broken down into its "Elements" so that candidates will know exactly what we are looking for and how much weightage is assigned to each of them. Each of the 'Elements' are supported by quantifiable data , some which are specific financials and others which are proxies for conceptual areas, which we add them all up into a scorecard.

The scorecard attempts to be as objective and transparent as possible, buying us an opportunity to discuss with the different participants of what we think we understand. The scorecard also presents us with an ability to subsequently draw up GAP analysis that can be universally applied in any benchmarking exercise.

In a general assessment of the best institution, the following are the factors that we look at and the percentage we give to each of them, which may vary depending on the type of award.

SCORECARD


Dimension Weight Criteria

Business Impact

20%
  • Revenue (last 3 financial years)
  • Revenue growth
  • Asset size, types of revenue generating assets
  • Share capital
  • Funding support, if any

ESG Impact

25%
  • Stated Vision/Mission/Policy on ESG/CSR, societal impact and social inclusion
  • Number of products and services based on ESG/CSR and by what percentage in product line
  • Number of client activity designed on ESG/CSR by what percentage in all client activities
  • Ability to expand to different regions and locations around the world
  • Potential size of the social stakeholders
  • TSI/CSR/ESG score/ranking in the country/region
  • SDG Index score of the country/regions
  • Applicable ESG/CSR ratings (FTSERussell, MSCI, ISS ESG, RobecoSAM, Refinitiv, Sustainalytics and CSRHub, etc)
  • Demonstrates awareness and implements processes and governance mechanisms to identify, evaluate and potentially mitigate material ESG risk areas across the portfolio
  • Published analysis of progress in relation to ESG

Products and Services:

20%
  • Products must meet a business need
  • Demonstrate a working model
  • Transaction value and volumes
  • Number of users and growth in users
  • Market share
Human Resources and Governance 15%
  • The names and experience of the promoters of the organization
  • Achievement of promoters
  • Description of talent that demonstrates the depth and range of management capability to succeed in this business
  • Number of employees
  • % of employee that is involved in ESG/CSR
  • ESG/CSR trainings to scale up the impact
  • Clear disclosure of ESG/CSR Report
  • Qualified or experienced ESG executives, sustainability council/executive in the investment committee, corporate governance board which oversees policies related to meeting impact or ESG goals, incentive structures for the salespeople or managers tied to impact
  • Overall strategy for transition to a low-carbon, sustainable investment. Climate change risk mitigation practices. management capacity given the specific risk exposures.
  • Incentive structures for executives based on ESG and sustainable metrics in addition to financial
  • Degree of community stewardship
Technology and Efficiency: 5%
  • Extent to which it can potentially disrupt current business models
  • # of features that demonstrate innovation in service
  • Platforms it can be implemented upon
  • Ease of integration

Achievements in the year under review:

5%
  • The ability to articulate an achievement that is not captured above
Client management and Performance 10%
  • Published Exclusionary mandates
  • Client mandate for exclusion
  • Customer satisfaction and complaints

Please refer to the subsequent sections for the questions we are asking to help us in quantifying each of the awards covered.

*Notes

*Important notes:

  • Wealth and Society conducts its evaluation on an audit basis for all submissions made. This means that we have a standard set of questions that covers all aspects of the industry in which the business operates, the business’ financial product achievements, operations and specific factors under consideration.
  • Wealth and Society will do its own research to discover data that is not provided in the submission. If you do not provide complete data, Wealth and Society will make its own judgement based on third party information which may not be accurate or complementary. It is important to complete this questionnaire to the best of your ability.
  • Wealth and Society staff and associates are committed to strict confidentiality and integrity in the evaluation process. All staff and advisors are strictly prohibited from trading in the securities of participating institutions during the evaluation period, and any securities held must be disclosed. All researchers and advisors are not allowed to accept any form of gratuity from the participating institutions at any time.
  • All information will be kept strictly private and confidential, and will be used only for the evaluation in this programme and the benchmarking reports to be derived from them.
  • If you have any difficulties in completing this document, require additional assistance or would like to make a submission, you may contact Mr. Hugh Zeng at hzeng@theasianbanker.com
  • Visit us at www.wealthandsociety.com
Powered by The Asian Banker