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BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen
By: BankTrack
Contact:

Ryan Brightwell, Human Rights Campaign Coordinator: ryan@banktrack.org  

Article 1 of the Universal Declaration of Human Rights: "All human beings are born free and equal in dignity and rights.". Photo: riacale/flickr. Original artwork from UN "human rights wall", Geneva.
2019-06-25 | Nijmegen
By: BankTrack
Contact:

Ryan Brightwell, Human Rights Campaign Coordinator: ryan@banktrack.org  

Update: the 2019 Human Rights Benchmark is available here.

 

BankTrack has written to 50 of the largest commercial banks around the world to give notice of its next human rights benchmark. In the coming months these 50 banks will be assessed on their implementation of the UN Guiding Principles on Business and Human Rights (UNGPs).

The UNGPs were unanimously endorsed by the UN Human Rights Council in June 2011 and provide the clearest expression yet of the international community’s expectations of the human rights responsibilities of business. The Human Rights Benchmark aims to put a spotlight on whether banks are fulfilling theses responsibilities and to encourage progress towards their full implementation with the aim of preventing and mitigating adverse impacts to people.  

Banks will be assessed against 14 criteria across four categories assessing their human rights policies; due diligence processes; their reporting on human rights impacts; and approach to remedying adverse impacts. They will receive a full score (1), half score (0.5) or no score (0) for each category, leading to a total score of between 0 and 14.

The last time BankTrack produced the benchmark, in June 2016, over half of the 45 banks assessed were categorised as ‘laggards’, showing little or no evidence of conducting human rights due diligence. The report also highlighted eight banks as front runners, but identified several gaps that all banks were failing to address.

The 2019 update will expand the report’s geographic reach to include the largest banks in Africa, Russia and India. It will also include new criteria on whether banks report human rights indicators and whether they have a process in place to identify situations when they have caused or contributed to a human rights impact and have a responsibility to remedy the problem.

An overview of the assessment criteria and a list of the banks to be assessed is published here. The results will be published in November. 

Bank representatives from these 50 banks that have not heard from us are invited to contact us.

Banks

ABN AMRO

Netherlands
Active

Agricultural Bank of China

China
Active

ANZ

Australia
Active

Banco Bradesco

Brazil
Active

Banco do Brasil

Brazil
Active

Banco Santander

Spain
Active

Bank of America

United States
Active

Bank of China

China
Active

Bank of Montreal (BMO)

Canada
Active

Barclays

United Kingdom
Active

BBVA

Spain
Active

BNP Paribas

France
Active

BPCE

France
Active

Caixa Econômica Federal

Brazil
Active

Canadian Imperial Bank of Commerce (CIBC)

Canada
Active

China Construction Bank

China
Active

Citi

United States
Active

Commonwealth Bank

Australia
Active

Crédit Agricole

France
Active

Credit Suisse

Switzerland
Active

Deutsche Bank

Germany
Active

Goldman Sachs

United States
Active

HSBC

United Kingdom
Active

Industrial and Commercial Bank of China (ICBC)

China
Active

ING

Netherlands
Active

Intesa Sanpaolo

Italy
Active

Itaú-Unibanco

Brazil
Active

JPMorgan Chase

United States
Active

Lloyds Banking Group

United Kingdom
Active

Mitsubishi UFJ Financial Group (MUFG)

Japan
Active

Mizuho Financial Group

Japan
Active

Morgan Stanley

United States
Active

National Australia Bank (NAB)

Australia
Active

Nordea

Finland
Active

Rabobank

Netherlands
Active

Royal Bank of Canada (RBC)

Canada
Active

Sberbank

Russian Federation
Active

Scotiabank

Canada
Active

Société Générale

France
Active

Standard Bank

South Africa
Active

Standard Chartered

United Kingdom
Active

State Bank of India

India
Active

Sumitomo Mitsui Financial Group

Japan
Active

Sumitomo Mitsui Trust Holdings

Japan
Active

Toronto-Dominion Bank (TD Bank)

Canada
Active

UBS

Switzerland
Active

UniCredit

Italy
Active

Wells Fargo

United States
Active

Westpac

Australia
Active
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