BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › BankTrack news ›
BankTrack News

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands
By: Giulia Barbos – BankTrack
Contact:

Giulia Barbos, Human Rights Researcher and Campaigner, BankTrack

The BankTrack Global Human Rights Benchmark 2022: Cover image. Photo: BankTrack
2024-07-23 | Nijmegen, Netherlands
By: Giulia Barbos – BankTrack
Contact:

Giulia Barbos, Human Rights Researcher and Campaigner, BankTrack

Update - the 2024 BankTrack Human Rights Benchmark is available here.

BankTrack’s 2024 Global Human Rights Benchmark is scheduled for publication in November, following an initial analysis of 50 of the world’s largest banks’ human rights disclosures. BankTrack has now shared draft scores with all banks included in the scope, offering them the opportunity to provide feedback in the coming weeks before scores are finalised.

The 2024 benchmark will mark the fifth iteration of BankTrack’s assessment of banks’ adherence to the United Nations Guiding Principles on Business and Human Rights (UNGPs). The UNGPs were unanimously endorsed by the UN Human Rights Council in 2011 and provide the global authoritative standard on the human rights responsibilities of business, including banks and other financial institutions.

The upcoming report follows the publication of the last Global Human Rights Benchmark in 2022, and the recent release of a regional human rights benchmark for banks headquartered in Latin America in March 2024.

BankTrack’s 2024 Global Human Rights Benchmark will reveal if progress has accelerated since the underwhelming 2022 results, when three-quarters of the banks in scope were found to implement less than half of their human rights responsibilities under the UNGPs. The report will also show if banks have taken steps to close some of the most significant gaps in their human rights practice, such as reporting on how adverse impacts are addressed, and how they support access to remedy for individuals and communities affected by their provision of finance.

The methodology underlying BankTrack’s Global Human Rights Benchmark has been reviewed to now include 15 criteria, assessing banks in four core categories: policy commitments; due diligence processes; reporting; and approaches to remedy. Moreover, a fifth category comprising three new criteria on “specific rights indicators” has been added in this year’s edition. This new set of criteria considers banks’ policies and practices in relation to the particular rights of Indigenous Peoples, Human Rights Defenders (HRDs), and recognition of environmental rights as human rights. As in previous editions, banks will receive a full score (1), a half score (0.5) or no score (0) on each criteria, and  will be categorised as “leaders”, “moderate achievers”, “followers” and “laggards”, based on their final scores.

In addition, banks will also be assessed on the quality of their responses to enquiries from civil society organisations regarding specific human rights allegations. This assessment is based on three criteria first outlined in BankTrack’s Actions Speak Louder report in 2021. These criteria evaluate whether the bank responded substantively to the allegations raised; it took appropriate action to mitigate or address the impact; and monitored the effectiveness of its actions. Bank responses considered in this assessment can be found in BankTrack’s recently launched “Response Tracking database”. 

An overview of the assessment criteria and a list of the banks to be assessed is published here.

Bank representatives from the 50 banks in scope which have not heard from us are kindly invited to contact Giulia Barbos at giulia@banktrack.org.

 
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

CaixaBank

Spain
Active

Canadian Imperial Bank of Commerce (CIBC)

Canada
Active

China Construction Bank

China
Active

Citi

United States
Active

Commerzbank

Germany
Active

Commonwealth Bank

Australia
Active

Crédit Agricole

France
Active

Danske Bank

Denmark
Active

Deutsche Bank

Germany
Active

DZ 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

NatWest Group

United Kingdom
Active

Nordea

Finland
Active

Rabobank

Netherlands
Active

Royal Bank of Canada (RBC)

Canada
Active

Scotiabank

Canada
Active

Société Générale

France
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
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted