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printRBS - United Kingdom banktrack contact
Kevin Smith - Platform, UK bank contact
Andrew Cave- Head corporate responsibility RBS, UK ![]() key facts
headquarters
36 St Andrew Sq.EH2 2YB Edinburgh United Kingdom total assets
£1,696.5 billion (2009) key regions of operation
Worldwide presence supervisor
Bank of England CEO/chair
Stephen Hester Group Chief Executive number of employees
over 160,000 (2009) key sectors
energy, fossil fuel basedoil and gas transport and infrastructure ownership
RBS has been effectively nationalised by the UK government, who has a 85 percent stake in the bank about RBS
RBS was founded in 1727 and is one of the major UK banks. RBS has 40 million customers using the financial services of over 30 brands, including NatWest, Direct Line, Churchill, Coutts, Ulster Bank and Citizens. After a massive bailout in 2008, RBS is now a UK government owned institution. voluntary standards and commitments
Carbon Disclosure Project
The CDP impels organisations to record their carbon footprint in daily activities. Encouraging enterprises to calculate and disclose their carbon impact, this initiative highlights the challenge for financial institutions to determine exactly how much carbon output can be attributed to financing.
Carbon Principles
Set of guidelines for banks and their U.S. power clients to evaluate and address carbon risks in the financing of electric power projects.
Climate Principles
Voluntary framework to guide the finance sector in tackling the challenge of climate change. They address the management of operational greenhouse gas (GHG) emissions and provide direction on managing climate change in research activities; asset management; retail banking; insurance & re-insurance; corporate banking; investment banking & markets; project finance.
Equator Principles
The EPs are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to asesses and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
Extractive Industries Transparency Initiative
The verification and full publication of company payments and government revenues from oil, gas and mining is supported by the EITI. Financial institutions can participate and encourage resource-rich countries to support the initiative that aims to defeat poverty, corruption and conflict caused by weak transparency and accountability.
Global Reporting Initiative
As the name suggests, the GRI aims to standardise good practice in transparency. GRI provides companies with guidelines to organise their annual report with reporting indices and standards addressing environmental, social and economic issues that business ought to address when telling the world about its performance.
UN Global Compact
The UN Global Compact is a set of ten principles that companies may sign voluntarily. Signatories promise to avoid complicity in human rights violations, adhere to labour standards, protect the environment and avoid corruption. The G8 countries urge companies to participate in this initiative, and with over 2900 companies signing up, the Global Compact has momentum. A voluntary and network based framework, the Global Compact actively promotes peer review and stakeholder participation.
UNEP Finance Initiative
UNEP is the 'voice of the environment' for the United Nations system, promoting international cooperation in the field of the environment. Issues concerning the financial community are addressed by the UNEP Finance Initiative which promotes investment in clean and renewable energy by financial institutions and other investors. Financial insititutions wishing to join must sign one of two Statements (for financial institutions and a separate one for the insurance industry).
UNEP Principles for Responsible Investments
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. Voluntary and aspirational in nature, UNPRI has since its inception in 2006 attracted 200 signatories, representing US$8 trillion worth of investments.
Wolfsberg principles
Since the turn of the century a group of twelve banks known as the Wolfsberg Group have collaborated to improve ethical standards. The principles provide guidance on money laundering, corruption and the financing of terrorism. They have been produced to address deficiencies in areas 'yet to be fully articulated by lawmakers or regulators'.
RBS has also developed additional sustainability policies. You can find them below, or under 'documents' in the menu.
bank feedback:
The Group is also a member of the Climate Wise Initiative:
http://www.climatewise.org.uk last save by banker: never sustainability policies of RBS
sector and issue policies
India | Bauxite mine Niyamgiri Hills | mining | active file
Canada | Canadian Tar Sands | oil and gas | active file
- international - | Cluster Munitions producers | arms | active file
India | Mining in Goa/ Sesa Goa | mining | active file
United States | Mountain Top Removal Coal Mining | mining | active file
Chile | Patagonia Dams: HidroAysén | dams | active file
Russian Federation | Sakhalin II oil and gas project | oil and gas | active file
- international - | Baku-Tbilisi-Ceyhan oil pipeline | pipelines | on record
United States | Dynegy coal power plants | energy, fossil fuel based | on record
Indonesia | Grasberg Mine | mining | on record
BankTrack has identified controversial issues with the companies listed below that require attention from RBS. Alliant Techsystems | United States
Freeport McMoRan | United States
Lockheed Martin | United States
Vedanta Resources | United Kingdom
Walmart | United States
bank feedback:
As a result of legal and contractual obligations the bank can not comment on individual companies or projects. However, after receiving a more detailed version of the Report in December we may be able to offer further detail.
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Further more we recognise the importance of ensuring we conduct our business scrupulously according to the laws and regulations laid down by governments and contained within internationally accepted codes and standards, and expect that all our customers conduct their business strictly in accordance with the relevant legal and regulatory frameworks.
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