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Banks and fossil fuel financing
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Banks, climate & energy. Photo: BankTrackGo directly to the fossil fuel financing policy table.
Go directly to the oil and gas policy page or coal policy page.
Fossil fuel financing
This page summarises our assessments of the overall fossil fuel finance policies of the world’s largest banks, evaluating their progress on restricting financing for different types of fossil fuels. These assessments were originally included in our Banking on Climate Change 2020 report, published in March 2020. The tables below also include updated assessments of bank policies implemented since then. For banks’ scores on specific fossil fuel subsectors, including coal mining and coal power, tar sands, Arctic and offshore drilling, fracking and liquefied natural gas (LNG), see the links below.
On this page you'll find an overall policy score on fossil fuel financing (with 200 possible points) consisting of:
- A policy score on oil and gas financing (120 possible points), reflecting the quality of
- Policies on tar sands (20 possible points)
- Policies on Arctic oil and gas (20 possible points)
- Policies on offshore oil and gas (20 possible points)
- Policies on fracked oil and gas (20 possible points)
- Policies on liquefied natural gas (LNG) (20 possible points)
- Policies on other/conventional oil and gas (20 possible points)
- An overall policy score on coal financing (80 possible points), reflecting the quality of
- Policies on coal mining (32 possible points)
- Policies on coal power (32 possible points)
- Policies on coal infrastructure (16 possible points)
For policies on fossil fuel expansion, see here.
To find out how bank policy scores progress over time, see here.
Overall policy scores on fossil fuel financing
The table below shows banks’ aggregate policy score on all types of fossil fuels. The 'details' section in the table provides further detail per bank on how it scored for coal and oil and gas policies.
See here for banks' exposure to all fossil fuel sectors in 2016-2019.
Bank policy scores on fossil fuel financing
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Agricultural Bank of China
2020-03-01
CHN
0
0
0
ANZ
2020-10-29
AUS
19.5
19.5
0
Bank of America
2020-03-01
USA
6
6
0
Bank of China
2020-03-01
CHN
0.5
0.5
0
Bank of Montreal (BMO Financial Group)
2020-03-01
CAN
0.5
0.5
0
Barclays
2020-03-30
GBR
29.5
29.5
0
BBVA
2020-03-01
ESP
28
28
0
BNP Paribas
2020-07-22
FRA
90.5
90.5
0
China Construction Bank
2020-03-01
CHN
0.5
0.5
0
CIBC
2020-03-01
CAN
0.5
0.5
0
Citigroup
2020-04-20
USA
22
22
0
Commerzbank AG
2020-03-01
DEU
26.5
26.5
0
Commonwealth Bank of Australia
2020-03-01
AUS
19.5
19.5
0
Crédit Agricole
2020-03-01
FRA
82
82
0
Credit Suisse Group
2020-03-01
CHE
9
9
0
DBS Bank
2020-03-01
SGP
8.5
8.5
0
Deutsche Bank
2020-07-27
DEU
29
29
0
Goldman Sachs
2020-03-01
USA
21.5
21.5
0
HSBC
2020-04-25
GBR
20.5
20.5
0
Industrial and Commercial Bank of China (ICBC)
2020-03-01
CHN
0
0
0
ING Group
2020-03-01
NLD
45
45
0
Intesa Sanpaolo
2020-05-20
ITA
18.5
18.5
0
JPMorgan Chase
2020-03-01
USA
19.5
19.5
0
Mitsubishi UFJ Financial Group (MUFG)
2020-05-13
JPN
6
6
0
Mizuho
2020-06-01
JPN
4
4
0
Morgan Stanley
2020-04-22
USA
21
21
0
National Australia Bank
2020-03-01
AUS
21
21
0
Natixis
2020-10-27
FRA
81
81
0
NatWest Group (formerly RBS)
2020-03-01
GBR
59.5
59.5
0
OCBC
2020-03-01
SGP
8
8
0
Royal Bank of Canada
2020-10-02
CAN
19.5
19.5
0
Santander
2020-03-01
ESP
20.5
20.5
0
Scotiabank
2020-03-01
CAN
0.5
0.5
0
Société Générale
2020-07-31
FRA
80.5
80.5
0
Standard Chartered
2020-03-01
GBR
25.5
25.5
0
Sumitomo Mitsui Banking Corporation (SMBC)
2020-04-16
JPN
5.5
5.5
0
TD bank Financial Group
2020-11-09
CAN
6
6
0
UBS
2020-03-01
CHE
25.5
25.5
0
UniCredit Group
2020-09-04
ITA
100.5
100.5
0
United Overseas Bank
2020-03-01
SGP
9
9
0
Wells Fargo
2020-03-01
USA
9
9
0
Westpac Banking Corporation
2020-05-04
AUS
14.5
14.5
0
Explanation
A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).
Feedback welcome
Our policy assessments are always a work in progress and we very much welcome any feedback, especially from banks included in them. You can of course also contact us for more information on specific scores and the latest policy changes. Please get in touch at climate@banktrack.org.
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