Barclays' Environmental and Social Impact Assessment
Policy is not only applied to project finance transactions but also
other financing transactions "where there is a known application of
funds to a
potentially sensitive project". For these type of transactions an
and Social Impact Assessment by an independent consultant is mandatory
Equator Principles are applied. As Barclays does not make clear which
percentage of all financing deals in specific sectors is assessed in
no extra points are awarded for this broader application of the Equator
Barclays has a
sophisticated procedure for Environmental
and Social Risk Assessment in Lending in place. As part of this
Barclays has developed ten guidance documents for its credit officers
describe the main environmental and social risks in over fifty sectors.
content guidance notes "include an overview of each industry's
situation, and guidance about the sort of measures we would expect
that sector to be taking to identify their risks and implement the
actions and controls." Barclays has produced the following guidance
which are not published on the website but which are available on
Metals and mining
Oil and gas
supply and distribution
pharmaceuticals manufacturing and bulk storage
Utilities and waste
(including ports, pipelines and dams)
Forestry and logging
The content of the guidance notes is generally close to the
international standards and best practices as described in this report.
officers are attended to the relevant issues, but no clear preconditions
financial services are set. The guidance notes are therefore regarded as
"policies without clear commitments" and scored with one point.
Shameful investments: banks still funding cluster bombs
Oct 05, 2010 - Cluster bombs are banned under the 2008 Convention on Cluster Munitions, but 138 banks and other financial institutions are still investing over $20 billion USD in the producers of these indiscriminate weapons. Activists paid a visit to 2 of the top banks investing in cluster bombs in the UK, Barclays and HSBC, to call on them to disinvest.
Bangladesh Mine - Barclays Bank
Jun 29, 2009 - Activists from the World Development Movement attended Barclays' AGM to question the bank's involvement in the controversial Phulbari Mine project in Bangladesh.