Total: 0 points out of 82

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Total: 10 points out of 82

4 points for a moderate exclusion of coal mining projects: ANZ prohibits direct financing for new and expanding coal mines where reserves or production are at least 35% thermal coal.

6 points for a strong exclusion of coal power projects: ANZ will not directly finance any new coal-fired power plants, or expansions.

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Total: 14 points out of 82

2 points for a moderate exclusion of Arctic oil and gas projects: Bank of America prohibits direct financing of petroleum exploration or production activities in the Arctic, including both oil and gas development. The prohibition does not cover Arctic oil and gas-related infrastructure.

6 points for a strong exclusion of coal mining projects: Bank of America prohibits direct financing for new thermal coal mines or the expansion of existing mines.

6 points for a strong exclusion of coal power projects: Bank of America prohibits direct financing of the construction or expansion of new coal-fired power plants, unless technology is meployed that is focused on complete or near elimination of atmospheric carbon emissions.

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Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 5 points out of 82

1 point for a weak exclusion of Arctic oil and gas projects: BMO intends to exclude direct finance for exploration and development projects in the Arctic National Wildlife Refuge (ANWR). It does not mention infrastructure, the policy is restricted to the ANWR and the bank only expressed its "intention" to exclude project finance which makes it a weak policy.

2 points for a weak exclusion of coal mining projects: Bank of Montreal prohibits lending for new greenfield coal mines or significant expansions.

2 points for a weak exclusion of coal power projects: Bank of Montreal prohibits lending for new greenfield coal-fired power plants or significant expansions, with potential exceptions for plants using CCS.

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Total: 15 points out of 82

2 points for a moderate exclusion of Arctic oil and gas projects: Barclays will not directly finance oil and gas projects in the Arctic Circle, including but not limited to the ANWR. The policy does not mention infrastructure.

1 points for a weak exclusion of fracking projects: Barclays will not finance projects involving fracking in Europe, including the UK.

6 points for a strong exclusion of coal mining projects: Barclays does not provide project finance for the development of greenfield thermal coal mines anywhere in the world. It also does not provide general corporate financing that is specified as being for new or expanded coal mining development.

6 points for a strong exclusion of coal power projects: Barclays prohibits financing for coal-fired power plants around the world.

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Total: 14 points out of 82

3 points for a strong exclusion of tar sands projects: BBVA prohibits financing for tar sands exploration, production, and transport projects.

3 points for a strong exclusion of Arctic oil and gas projects: BBVA prohibits financing for Arctic oil and gas exploration, production and transportation projects.

4 points for a moderate exclusion of coal mining projects: BBVA prohibits direct financing for new coal mines and coal mine expansions, including MTR mines, but allows exceptions for countries with high levels of imported energy.

4 points for a moderate exclusion of coal power projects: BBVA prohibits direct financing for new coal plants and coal plant expansions, but allows exceptions for countries with high levels of imported energy.

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Total: 46.5 points out of 82

3 points for a strong exclusion of tar sands projects: BNP Paribas prohibits financing for tar sands exploration, production and pipeline projects.

3 points for a strong exclusion of Arctic oil and gas projects: BNP Paribas prohibits financing for offshore Arctic oil and gas exploration and production projects, as well as pipelines and LNG terminals related to offshore Arctic oil and gas only.

3 points for a strong exclusion of fracked oil and gas projects: BNP Paribas prohibits financing for fracked oil and gas exploration and production projects, and pipelines.

1 point for a weak exclusion of LNG projects: BNP Paribas prohibits financing for LNG terminals that are supplied by fracked gas.

1.5 points for a weak exclusion of other/conventional oil and gas projects: BNP Paribas excludes from its trading activities the seaborne exports of oil from the Esmeraldas region in Ecuador.

6 points for a strong exclusion of coal mining projects: BNP Paribas prohibits financing for thermal coal mining projects.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BNP Paribas does not provide any financial products or services for companies that develop or are planning to develop thermal coal extraction capacities (new mines or expansion of existing ones).

6 points for a strong exclusion of coal power projects: BNP Paribas prohibits financing for coal-fired power plant projects, regardless of location.

8 points for a strong exclusion of companies expanding coal power (coal power developers): BNP Paribas will not provide financial products and services to power generation companies that add operational coal-fired power generation to its power portfolio.

3 points for a strong exclusion of coal infrastructure projects: BNP Paribas will not provide any financial product or services to infrastructure projects that are dedicated to thermal coal such as harbors or terminals of existing harbors, transportation of thermal coal by rail or road, storage of coal (warehouses).

4 points for a strong exclusion of companies expanding coal infrastructure: BNP Paribas prohibits financing for companies planning coal infrastructure.

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Total: 1 point out of 82

1 points for a weak exclusion of Arctic oil and gas projects: CIBC prohibits direct financing for "exploration or development related to oil and gas in the Arctic National Wildlife Refuge (ANWR)."

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Total: 0 points out of 82

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Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 18 points out of 82

2 points for a moderate exclusion of Arctic oil and gas projects: Citigroup will not provide project-related financing for oil and gas exploration and production in the Arctic Circle. The policy does not mention infrastructure.

6 points for a strong exclusion of coal mining projects: Citigroup provides no project-related financing for new thermal coal mines or expansions of existing mines.

6 points for a strong exclusion of coal power projects: Citi prohibits project-related financial services for new coal-fired power plants or expansion of exisiting plants.

4 points for a weak exclusion of companies expanding coal power (coal power developers): Starting in 2022, Citi will "not onboard any new clients with ≥20% of power generation from coal-fired power plants" unless the clients are pursuing a low-carbon transition in alignment "with Paris Agreement decarbonization pathways by 2030 (for clients with power generation in OECD countries) and by 2040 (for clients with power generation in non-OECD countries)."

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Total: 12 points out of 82

1 point for a weak exclusion of tar sands projects: Commerzbank prohibits project finance for tar sands extraction.

2 points for a moderate exclusion of Arctic oil and gas projects: Commerzbank prohibits project financing related to the extraction of oil and gas in the Arctic. The policy does not mention infrastructure.

1 point for a weak exclusion of fracked oil and gas projects: Commerzbank rules out project finance for fracked oil and gas. This does not include infrastructure and is therefore weak.

4 points for a moderate exclusion of coal mining projects: Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

4 points for a moderate exclusion of coal power projects: Commerzbank prohibits direct finance for new coal-fired power plants, with possible exceptions.

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Total: 3 points out of 82

1 point for a weak exclusion of tar sands projects: Commonwealth Bank prohibits project finance for mining, exploration, or development of tar sands oil. There is no prohibition on pipelines or transportation.

2 points for a moderate exclusion of Arctic oil and gas projects: Commonwealth Bank prohibits project finance for oil and gas exploration and development in the Arctic. There is no prohibition on pipelines, LNG terminals in the Arctic, or other infrastructure.

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Total: 38 points out of 82

3 points for a strong exclusion of tar sands projects: Crédit Agricole prohibits the direct financing of oil sands projects, as well as pipeline projects mainly dedicated to the transportation of oil produced from oil sands.

2 points for a moderate exclusion of Arctic oil and gas projects: Crédit Agricole prohibits oil projects in the Arctic, but the exclusion does not cover gas.

6 points for a strong exclusion of coal mining projects: Crédit Agricole prohibits any support to thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Agricole prohibits financing to coal mine developers starting in 2021.

6 points for a strong exclusion of coal power projects: Crédit Agricole prohibits financing for new coal plants and existing coal plants.

8 points for a strong exclusion of companies expanding coal power (coal power developers): Crédit Agricole prohibits financing to coal plant developers starting in 2021.

1 points for a weak exclusion of coal infrastructure projects: Crédit Agricole excludes any financial support for infrastructure projects dedicated to thermal coal.

4 points for a strong exclusion of companies expanding coal infrastructure: Crédit Agricole prohibits financing to coal infrastructure developers starting in 2021.

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Total: 44 points out of 82

2 points for a moderate exclusion of tar sands projects: Crédit Mutuel prohibits financing for tar sands exploration, production and exclusively dedicated pipeline projects.

3 points for a strong exclusion of Arctic oil and gas projects: Crédit Mutuel prohibits financing for the exploration, production, transport infrastructure of oil and gas extracted in the Arctic.

1 point for a weak exclusion of offshore oil and gas projects: Crédit Mutuel prohibits financing for the exploration, production, transport infrastructure of deep sea oil.

2 points for a moderate exclusion of fracked oil and gas projects: Crédit Mutuel prohibits financing for the exploration, production, transport infrastructure exclusively dedicated to shale oil and shale gas.

1 point for a weak exclusion of LNG projects: Crédit Mutuel prohibits financing of the exploration, production, construction of transport infrastructures (oil and gas pipelines and storage units) and the transformation (oil refineries, gas liquefaction terminals) of shale oil or gas.

6 points for a strong exclusion of coal mining projects: Crédit Mutuel prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Mutuel prohibits financing for all coal mine developers.

6 points for a strong exclusion of coal power projects: Crédit Mutuel prohibits financing for greenfield or brownfield coal-fired power plants.

8 points for a strong exclusion of companies expanding coal power (coal power developers): Crédit Mutuel prohibits financing for all coal plant developers.

3 points for a strong exclusion of coal infrastructure projects: Crédit Mutuel prohibits financing for greenfield or brownfield coal infrastructure projects.

4 points for a strong exclusion of companies expanding coal infrastructure: Crédit Mutuel prohibits financing for all coal infrastructure developers.

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Total: 10.5 points out of 82

3 points for a strong exclusion of Arctil oil and gas projects: Credit Suisse will not finance offshore or onshore oil or gas projects in the Arctic region. This includes upstream exploration, development and production, as well as midstream and downstream operations.

1.5 points for a weak exclusion of other/conventional oil and gas projects: Credit Suisse committed to the immediate exclusion of new Ecuadorian Amazon oil from their trading activities.

2 points for a weak exclusion of coal mining projects: Credit Suisse prohibits direct finance for new greenfield thermal coal mines, and mountaintop removal (MTR) projects. 

4 points for a moderate exclusion of coal power projects: Credit Suisse prohibits direct finance for new coal-fired power plants.

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Total: 33.5 points out of 82

1.5 points for a weak exclusion of other/conventional oil and gas projects: Danske Bank does not provide any project finance for expansion of oil and gas exploration and production.

6 points for a strong exclusion of coal mining projects: Danske Bank does not provide financing for projects expanding thermal coal mining.

8 points for a strong exclusion of companies expanding coal mining (coal mining developers): Danske Bank refrains from providing financial services to companies expanding thermal coal mining.

6 points for a strong exclusion of coal power projects: Danske Bank does not provide financing for projects expanding thermal coal power.

8 points for a strong exclusion of companies expanding coal power (coal power developers): Danske Bank refrains from providing financial services to companies expanding thermal coal power.

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Total: 6 points out of 82

2 points for a weak exclusion of coal mining projects: DBS prohibits financing for greenfield thermal coal mines.

4 points for a moderate exclusion of coal power projects: DBS prohibits financing for new coal-fired power plants.

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Total: 19 points out of 82

3 points for a strong exclusion of tar sands projects: Deutsche Bank prohibits financing new projects and material expansions involving exploration, production, transport/processing of tar sands.

2 points for a moderate exclusion of Arctic oil and gas projects: Deutsche Bank will not finance new oil and gas projects in the Arctic region (Arctic region being defined based on a 10°C July Isotherm boundary, meaning the area does not experience temperatures above 10° C).

1 point for a weak exclusion of fracked oil and gas projects: Deutsche Bank will not finance oil and gas projects via hydraulic fracturing in countries with extremely high water stress.

6 points for a strong exclusion of coal mining projects: Deutsche Bank will not provide financing for new coal mines or material expansions.

6 points for a strong exclusion of coal power projects: Deutsche Bank prohibits financing for new coal-fired power plants and the expansion of existing plants, regardless of location.

1 point for a weak exclusion of coal infrastructure projects: Deutsche Bank prohibits financing for new greenfield coal-related infrastructure related to new or existing mines or plants.

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Total: 7.5 points out of 82

1 point for a weak exclusion of tar sands projects: DNB does not finance upstream open pit mining in oil sand.

0.5 point for a MTR mine exclusion: DNB does not finance mountaintop removal activities.

6 points for a strong exclusion of coal power projects: DNB does not finance coal-fired power plants.

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Total: 14 points out of 82

1 point for a weak exclusion of tar sands projects: DZ Bank prohibits financing for tar sands projects. This does not include infrastructure.

1 point for a weak exclusion of fracked oil and gas projects: DZ Bank prohibits financing for fracked oil and gas projects. This does not include infrastructure.

6 points for a strong exclusion of coal mining projects: DZ Bank prohibits financing for coal mines, including mountain top removal mining.

6 points for a strong exclusion of coal power projects: DZ Bank prohibits financing for coal-fired power plants.

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Total: 14 points out of 82

2 points for a moderate exclusion of Arctic oil and gas projects: Goldman Sachs prohibits financing for new Arctic oil projects onshore and offshore, including exploration. Financing for gas projects, as well as for infrastructure related to Arctic oil and gas, are not covered by this policy.

6 points for a strong exclusion of coal mining projects: Goldman Sachs's prohibition on financing for "new thermal coal mine development" covers both new mines and expansions of existing mines.

6 points for a strong exclusion of coal power projects: Goldman Sachs's prohibition on financing for "new coal fired power generation" covers both new plants and expansions of existing plants.

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Total: 14 points out of 82

2 points for a moderate exclusion of tar sands projects: HSBC prohibits direct finance for greenfield tar sands extraction projects and pipelines.

2 points for a moderate exclusion of Arctic oil and gas projects: HSBC prohibits direct finance for new offshore Arctic oil and gas projects.

4 points for a moderate exclusion of coal mining projects: HSBC prohibits financing for new thermal coal mines.

6 points for a strong exclusion of coal power projects: HSBC will not finance any new coal-fired power plants anywhere globally, including expansions of existing plants.

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Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 16.5 points out of 82

2 points for a moderate exclusion of tar sands projects: ING prohibits direct financing for "mining, exploration and upgrading of oil sands, including pipeline infrastructure dedicated to the exclusive use of transporting oil from oil sands." The fact that the pipeline finance prohibition applies only to pipelines exclusively transporting tar sands prevents this policy from earning "strong exclusion."

1 point for a weak exclusion of Arctic oil and gas projects: ING prohibits financing for "Arctic offshore oil and gas exploration and production" projects.

1 point for a weak exclusion of fracked oil and gas projects: ING prohibits project financing for "mining, exploration and upgrading of shale gas in Europe."

1.5 points for a weak exclusion of other/conventional oil and gas projects: ING committed to the immediate exclusion of new Ecuadorian Amazon oil from their trading activities.

6 points for a strong exclusion of coal mining projects: ING does not finance new or (expansions of) existing coal mines.

4 points for a moderate exclusion of coal power projects: ING prohibits financing for new coal plants.

1 point for a weak exclusion of coal infrastructure projects: ING does not finance support infrastructure activities dedicated to thermal coal.

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Total: 12 points out of 82

4 points for a moderate exclusion of coal mining projects: Intesa Sanpaolo will not provide finance for new coal mines. Expansion not mentioned in this policy. Intesa Sanpaolo also restricts project finance for the acquisition of companies already operating in the mining sector if this leads to mix of extracted raw materials where coal accounts for more than 50%.

4 points for a weak exclusion of companies expanding coal mining: Intesa Sanpaolo will not provide any new general purpose finance to companies engaged in the construction of new coal mines.

4 points for a moderate exclusion of coal power projects: Intesa Sanpaolo will not provide finance for new coal fired power plants. Expansion is not mentioned in this policy. Intesa Sanpaolo will restrict project finance for the acquisition of coal fired power plants already in operation if this results in a coal related installed capacity of more than 30% on the total installed capacity for companies based in OECD countries and 50% for companies based in non-OECD countries.

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Total: 9 points out of 82

3 points for a strong exclusion of Arctic oil and gas projects: JPMorgan Chase prohibits financing for "upstream, midstream or downstream greenfield oil and gas development in the Arctic."

2 points for a weak exclusion of coal mining projects: JPMorgan Chase prohibits financing for new greenfield coal mines only.

4 points for a moderate exclusion of coal power projects: JPMorgan Chase prohibits direct financing for the new coal power plants or refinancing of existing coal plants, with potential exceptions for plants that use CCS.

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Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 17 points out of 82

2 points for a moderate exclusion of tar sands projects: Lloyds Banking Group does not finance the exploration, extraction or production of oil from tar sands. It also does not finance projects exclusively dedicated to the transport or storage of oil from tar sands.

2 points for a moderate exclusion of Arctic oil and gas projects: Lloyds Banking Group does not finance oil or gas exploration and production projects in the Arctic (including the Arctic National Wildlife Refuge) region or Antarctic territories.

1 point for a weak exclusion of fracked oil and gas projects: Lloyds Banking Group does not finance onshore shale fracking.

6 points for a strong exclusion of coal mining projects: Lloyds Banking Group does not finance thermal coal mines.

6 points for a strong exclusion of coal power projects: Lloyds Banking Group does not finance new or existing UK coal-fired power stations by the end of 2022. The banks also does not support project finance in coal power operations of diversified utility companies elsewhere, unless the finance is "used to decommission the coal power generation or convert to renewable power generation".

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Total: 2.5 points out of 82

0.5 point for a mountaintop removal mine exclusion: MUFG prohibits financing for MTR coal mining projects.

2 points for a weak exclusion of coal power projects: MUFG prohibits financing for new coal fired power projects, with significant room for exceptions concerning host country policies, international standards and available technology.

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Total: 2.5 points out of 82

0.5 point for a mountaintop removal (MTR) mine exclusion: Mizuho will not provide financing or investment to coal mining projects employing the mountain top removal method.

2 points for a weak exclusion of coal power projects: Mizuho will not finance new coal power plants, except projects already committed to before June 2020; or replacements leading to CO2 reduction where it is also deemed necessary for stable energy supply in the host country.

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Total: 12 points out of 82

2 points for a moderate exclusion of Arctic oil and gas projects: Morgan Stanley will not directly finance new oil and gas exploration and development in the Arctic, including the Arctic National Wildlife Refuge (ANWR), but its policy does not mention infrastructure.

4 points for a moderate exclusion of coal mining projects: Morgan Stanley excludes direct finance for new coal mines. Expansion is not mentioned in this policy. Morgan Stanley will also not provide financing for mountain top removal coal mines.

6 points for a strong exclusion of coal power projects: Morgan Stanley will decline financing transactions globally that directly support the development of new or physical expansions of coal-fired power generation, unless there is carbon capture and storage or equivalent carbon emissions reduction technology.

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Total: 6 points out of 82

1 point for a weak exclusion of tar sands projects: NAB prohibits financing for tar sands extraction projects, but not pipelines or transportation.

1 points for a weak exclusion of Arctic oil and gas projects: NAB prohibits financing for "oil and gas projects within or impacting the Arctic National Wildlife Refuge."

2 points for a weak exclusion of coal mining projects: NAB's policy commitment to prohibit direct financing for new thermal coal mines is limited to "weak exclusion" due to repeated breaches of the policy.

2 points for a weak exclusion of coal power projects: NAB prohibits direct financing for new or expansions of coal plants, "unless there is technology in place to materially reduce emissions." This large exception could permit financing of some ultra-supercritical coal plants and so is assessed as "weak exclusion."

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Total: 35 points out of 82

3 points for a strong exclusion of tar sands projects: BPCE/Natixis prohibits dedicated finance for tar sands exploration and production, or for pipeline and other midstream infrastructure supplied with 30% or more tar sands oil.

2 points for a moderate exclusion of Arctic oil and gas projects: Natixis prohibits direct finance for Arctic oil exploration and production.

1 point for a weak exclusion of fracking projects: BPCE/Natixis will no longer finance shale oil and gas exploration and production projects worldwide. No mention of infrastructure.

6 points for a strong exclusion of coal mining projects: BPCE/Natixis prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BPCE/Natixis will no longer support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

6 points for a strong exclusion of coal power projects: BPCE/Natixis prohibits financing for greenfield or brownfield coal-fired power plants, and restricts financing for the acquisition of coal-fired power plants.

8 points for a strong exclusion of companies expanding coal power (coal power developers): BPCE/Natixis will no longer support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

1 point for a weak exclusion of coal infrastructure projects: BPCE/Natixis prohibits financing for greenfield or brownfield infrastructure projects such as railway tracks, rail cars, and port facilities when these are primarily dedicated to thermal coal.

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Total: 15.5 points out of 82

1 point for a weak exclusion for tar sands projects: NatWest does not finance projects involving the exploration and extraction of oil from oil sands.

2 points for a moderate exclusion of Arctic oil and gas projects: NatWest does not finance projects involving oil exploration and production operations in Arctic (including the Arctic National Wildlife Refuge) or Antarctic areas.

1 point for a weak exclusion of offshore oil and gas projects: NatWest does not finance proojects involving exploration for new oil and gas reserves, which includes offshore exploration projects.

2 points for a moderate exclusion of fracked oil and gas projects: NatWest does not finance projects involving hydraulic fracturing (‘fracking’) for oil and gas.

1.5 points for a weak exclusion of other/conventional oil and gas projects: NatWest does not finance projects involving exploration for new oil and gas reserves.

4 points for a moderate exclusion of coal mining projects: NatWest does not finance new thermal coal mines.

4 points for a moderate exclusion of coal power projects: NatWest does not finance new coal power plants.

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Total: 2 points out of 82

1 point for a weak exclusion of tar sands projects: Nordea does not provide project financing dedicated to the extraction of unconventional oil and gas, including tar sands.

1 point for a weak exclusion of fracked oil and gas projects: Nordea does not provide project financing dedicated to the extraction of unconventional oil and gas. including fracked oil and gas.

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Total: 0 points out of 82

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Total: 8 points out of 82

2 points for a weak exclusion of coal mining projects: OCBC prohibits "new financing of Lignite Coal Mines" only.

6 points for a strong exclusion of coal power projects: OCBC prohibits new financing for all coal plants.

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Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 0 points out of 82

See: Policy scores Excel sheet

Total: 23 points out of 82

3 points for a strong exclusion of tar sands projects: Rabobank prohibits financing for tar sands exploration, production, transport, processing, or refining projects.

1 point for a weak exclusion of Arctic oil and gas projects: Rabobank prohibits financing of offshore oil and gas exploration and production in the Arctic region, this does not include onshore exploration and production.

3 points for a strong exclusion of fracked oil and gas projects: Rabobank prohibits financing for shale oil and gas exploration, production, transport, processing, or refining projects.

1 point for a weak exclusion of LNG projects: Rabobank prohibits financing the exploration and production of LNG.

6 points for a strong exclusion of coal mining projects: Rabobank prohibits financing for all thermal coal mining projects.

6 points for a strong exclusion of coal power projects: Rabobank prohibits financing for new coal plants and existing coal plants.

3 points for a strong exclusion of coal infrastructure projects: Rabobank prohibits financing the transport up to the coal production unit, and the production, processing, or refining of coal products.

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Total: 7 points out of 82

1 point for a weak exclusion of Arctic oil and gas projects: RBC will not provide direct financing for any project or transaction that involves exploration or development in the Arctic National Wildlife Refuge (ANWR). RBC does not mention infrastructure in its policy, and does not rule out financing projects in the rest of the Arctic region. 

2 points for a weak exclusion of coal mining projects: RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield thermal coal mine or Mountain Top Removal coal mining projects. In this policy, greenfield refers to new plants or mines on land not previously used for that purpose.

4 points for a moderate exclusion of coal power projects: RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield coal-fired power plant. 

See: Policy scores Excel sheet