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Home › Campaigns › Banks and Nature ›
Campaign

Banks and pulp & paper

2023-02-17 15:37:12
Contact:

nature@banktrack.org

Photo: WikiCommons
2023-02-17 15:37:12
Contact:

nature@banktrack.org

Why this campaign?

The pulp and paper industry has a negative impact on nature, climate, and frontline communities all over the world, while also contributing significantly to deforestation, which increases the risk of new pandemics. Paper accounts for between 33 and 40% of all industrial wood traded globally. In many cases, the pulp and paper supply chains are not traceable throughout the industry, increasing the risk that the raw materials and products used and sold are linked to deforestation, climate emissions, and human rights violations.  To tackle these four emergencies, banks must act urgently and decisively to address the impacts linked to their financing of the pulp and paper sector.

As one of the largest industrial sectors in the world, the pulp and paper industry has an enormous impact on global forests. Because paper production begins with forest management and wood harvesting, the pulp and paper industry contributes significantly to deforestation. Irresponsible harvesting of natural forests for the establishment of pulp plantations can endanger fragile ecosystems and species while also causing soil erosion. Some proposed new pulp plantations endanger natural habitats in High Conservation Value areas with high rates of illegal logging. For example, the remaining natural forests and wildlife species in Borneo and Sumatra, Papua New Guinea, and Brazil's Atlantic forest region, among many others, are all threatened by rising demand for pulpwood. Furthermore, toxic chemicals such as chlorine are used in papermaking to break down wood pulp and bleach paper. These hazardous chemicals' byproducts have an impact on the environment as well as on the industry workers, particularly when they are discharged into nearby water supplies and land.

Forests play a vital role in the global carbon cycle. When forests are cleared or burned, the carbon that has been stored in them is released into the atmosphere. Furthermore, the majority of greenhouse gases released in pulp and paper manufacturing are from the energy used to power the mills. Indonesian pulp and paper products produced on drained peatland landscapes have one of the world's largest carbon footprints. According to research into the life cycle carbon footprint of pulp and paper mills in the United States, fuels account for 50% of total GHG emissions, electricity 24%, wood procurement 10%, transportation 10%, and chemicals 6%. Moreover, paper mills frequently fail to meet the highest possible standards for clean production, and the process of manufacturing paper emits nitrogen dioxide, sulphur dioxide, and carbon dioxide, contributing to pollution such as acid rain and accelerated global warming.

Communities all over the world have lost and continue to lose their lands and forests due to existing plantations and plantation expansion; basic human rights are being violated. Asia Pulp and Paper (APP), Indonesia's largest paper producer, for example, has "hundreds of conflicts" with communities in five Indonesian provinces. According to Human Rights Watch, APP is also complicit in a number of human rights violations, including the intimidation, harassment, and assault of local residents who oppose its operations.

There is an increasing body of evidence linking deforestation to an increased risk of disease outbreaks and pandemics. The destruction of forest ecosystems contributes significantly to the emergence and spread of diseases. According to the Union of Concerned Scientists, wood products, including paper, account for about 10% of total global deforestation.

Role of banks

Banks play a role in continuing to finance the pulp and paper industry, thereby contributing to negative impacts on climate, nature, human rights, and the risk of future pandemics. Financiers of pulp and paper mills are co-responsible with the pulp companies for ensuring that these negative impacts are avoided. Prevention of such impacts is in the interest of financial institutions because destructive projects also pose a serious financial risk: illegal activity, social conflict and environmental harm directly impact on the profitability of projects and can cost both pulp companies and their financiers dearly in reputation and market share.

In 2021, the top 10 financial institutions collectively provided over US$3.6 billion to the pulp and paper sector, with Barclays, Mizuho Financial Group and Bank Central Asia ranking first, second, and third, respectively. The top clients of these banks are Sinar Mas Group, Marubeni and Oji Group.

What banks must do

A financial institution considering finance for the pulp and paper sector should have investment policies for the sector in place that state clearly that it will only provide financial services to companies whose production, sourcing or selling activities meet stringent environmental and social safeguards as set out in our report Green Paper, Red Lines. 

We demand from banks that they:

  • Support activities in line with the EPN Global Paper Vision, such as efficiency and recycled pulp mills;

  • Ensure the legality of all production activities and complete compliance with all local, national, and international norms, regulations, laws, and conventions pertaining to the entire production and value chain;

  • Require all clients to publicly disclose a full and comprehensive Environmental and Social Impact Assessment covering all direct and indirect impacts of all forest and manufacturing activities and operations;

  • Require all clients to commit to a policy of No Deforestation, No Expansion on Peat and No Exploitation (NDPE). 

  • Require all clients to demonstrate that proposed operations have obtained the free, prior, and informed consent (FPIC) of all affected Indigenous peoples and communities with customary rights, as defined in the UN Declaration on the Rights of Indigenous Peoples (UNDRIP), as well as traditional rights, such as land tenure and use rights of local communities.

  • Demonstrate that they do not finance, directly or indirectly, the operations of their clients or the companies from which they source materials for their manufacturing process that are extractive, industrial, environmentally and/or socially harmful, as defined by the No Go Policy.

Policy analysis

In early 2020, the Environmental Paper Network (EPN), of which BankTrack is a member, evaluated the investment policies of 68 major financiers of the pulp and paper industry. They benchmarked the policies against 14 absolute minimum criteria that all financial institutions should require their clients, investments, and business partners to adhere to in order to preserve forests and protect the environment, respect human rights and safeguard the interests of communities. These criteria are fully described in the Green Paper, Red Lines report, which is a translation of EPN’s Global Paper Vision for use by financiers. You can see how financial institutions scored in the table below.

Overview of bank policy scores 'In the Red' report

BankLast update
Country
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
Details
ABN AMRO
2020-03-01
NLD
11009998910998999
Netherlands
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of ABN AMRO here: https://environmentalpaper.org/abn-amro/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

 

Relevant policies
2019-02-12 00:00:00

Code of conduct out of date

Date listed represents date as accessed on website
Bank policy
2019-02-12 00:00:00
private
2018-11-30 00:00:00

Exclusion list out of date

Bank policy
2018-11-30 00:00:00
private
2018-06-30 00:00:00

Sustainability policy for agri-commodities out of date

Bank policy
2018-06-30 00:00:00
private
2018-06-30 00:00:00

Sustainability policy for manufacturing out of date

Bank policy
2018-06-30 00:00:00
private
2012-12-31 00:00:00

Human Rights Statement 2012 out of date

Bank policy
2012-12-31 00:00:00
private
2014-10-23 00:00:00

Sustainability Risk Policy out of date

Bank policy
2014-10-23 00:00:00
private
Agricultural Bank of China
2020-03-01
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of Agricultural Bank of China here: https://environmentalpaper.org/agricultural-bank-of-china/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Agricultural Development Bank of China
2020-07-02
CHN
-1111111111111110
China
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200702
Last update: 2020-07-02
Explanation

For details on this score see EPN's profile of Agricultural Development Bank of China here: https://environmentalpaper.org/agricultural-development-bank-of-china/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

 

Banco Bradesco
2020-07-12
BRA
10999888888888890
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Banco Bradesco here: https://environmentalpaper.org/bradesco

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-06-08 00:00:00

Standard for social and environmental responsibility

Bank policy
2019-06-08 00:00:00
2019-05-20 00:00:00

Human Rights Policy

Bank policy
2019-05-20 00:00:00
2018-05-21 00:00:00

Anti-corruption corporate policy out of date

Bank policy
2018-05-21 00:00:00
private
Banco de Chile
2020-07-01
CHL
-1111111102111110
Chile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200701
Last update: 2020-07-01
Explanation

For details on this score see EPN's profile of Banco de Chile here: https://environmentalpaper.org/banco-de-chile/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Declaración Anti-Lavado de Dinero

Bank policy
2020-07-14 00:00:00
private
Banco de Crédito y Inversiones
2020-07-12
CHL
-1111111111111110
Chile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Banco de Credito y Inversiones here: https://environmentalpaper.org/banco-de-credito-y-inversion/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Banco do Brasil
2020-03-01
BRA
9989888999788899
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

5.5 points out of 14

For details on this score see EPN's profile of Banco do Brasil here: https://environmentalpaper.org/banco-do-brasil/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-08-09 00:00:00

Human rights policy

Bank policy
2019-08-09 00:00:00
2019-01-01 00:00:00

Sustainability Credit Guidelines out of date

Bank policy
2019-01-01 00:00:00
private
2018-12-31 00:00:00

Code of Ethics and Standards of Conduct

Bank policy
2018-12-31 00:00:00
2017-12-18 00:00:00

Specific Policy of Prevention and Combat Against Money Laundering, Terrorism Financing and Corruption

Bank policy
2017-12-18 00:00:00
BancoEstado
2020-03-01
CHL
-1020011111111110
Chile
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of Banco del Estado here: https://environmentalpaper.org/banco-estado/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-10-18 00:00:00

Social and Environmental Risks Policy

Bank policy
2019-10-18 00:00:00
2018-11-16 00:00:00

Corporate sustainability policy

Bank policy
2018-11-16 00:00:00
2013-08-04 00:00:00

Ethics Manual

Document in Spanish
Bank policy
2013-08-04 00:00:00
Bank of America
2020-03-01
USA
10989887898878980
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of Bank of America here: https://environmentalpaper.org/bank-of-america/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

Bank policy
2019-10-23 00:00:00
private
2019-04-18 00:00:00

Human Rights Statement out of date

Bank policy
2019-04-18 00:00:00
private
2018-02-02 00:00:00

Anti-money laundering questionnaire

Bank policy
2018-02-02 00:00:00
2018-01-03 00:00:00

Vendor code of conduct out of date

Bank policy
2018-01-03 00:00:00
private
2016-10-28 00:00:00

Forests Practices Policy

Bank policy
2016-10-28 00:00:00
Bank of China
2020-03-01
CHN
9987888888888890
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of Bank of China here: https://environmentalpaper.org/bank-of-china/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Bank of Communications
2020-03-01
CHN
-1021111001111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

For details on this score see EPN's profile of Bank of Communications here: https://environmentalpaper.org/bank-of-communications-bocom/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Bank of East Asia
2020-07-12
HKG
-1021021102111110
Hong Kong
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Bank of East Asia here: https://environmentalpaper.org/bank-of-communications-bocom/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Anti-Bribery and Corruption Policy Statement

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Environmental Policy

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Slavery and Human Trafficking Statement

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Statement on Anti-Money Laundering and Counter-Financing of Terrorism

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Supplier Code of Conduct

Bank policy
2020-07-14 00:00:00
Bank of Taiwan
2020-07-12
TWN
9888978888888890
Taiwan, Republic of China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Bank of Taiwan here: https://environmentalpaper.org/bank-of-taiwan-taiwan-financial-holdings/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Modern Slavery Act

Bank policy
2020-07-14 00:00:00
Barclays
2020-07-12
GBR
998809997980
United Kingdom
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Barclays here: https://environmentalpaper.org/barclays/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-06-28 00:00:00

Financial Crime Statement

Bank policy
2019-06-28 00:00:00
2019-06-28 00:00:00

Tax Principles

Bank policy
2019-06-28 00:00:00
2019-02-28 00:00:00

Forestry and palm oil statement

Bank policy
2019-02-28 00:00:00
2018-04-30 00:00:00

World Heritage site and Ramsar Wetlands statement out of date

Bank policy
2018-04-30 00:00:00
private
2016-11-30 00:00:00

Statement on human rights

Bank policy
2016-11-30 00:00:00
BNDES
2020-07-12
BRA
-1012021102111110
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of BNDES here: https://environmentalpaper.org/bndes/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Anti-corruption Policy

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

Bank policy
2020-07-14 00:00:00
2020-07-14 00:00:00

Social Clause

Bank policy
2020-07-14 00:00:00
2016-05-04 00:00:00

Socio-environmental Policy

Bank policy
2016-05-04 00:00:00
BNP Paribas
2020-03-01
FRA
11000999000998999
France
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200301
Last update: 2020-03-01
Explanation

9.5 points out of 14

For details on this score see EPN's profile of BNP Paribas here: https://environmentalpaper.org/bnp-paribas/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Anti-corruption policy

Bank policy
2020-07-14 00:00:00
2018-03-02 00:00:00

Exclusion list

Bank policy
2018-03-02 00:00:00
2018-01-23 00:00:00

Code of conduct

Bank policy
2018-01-23 00:00:00
2012-12-31 00:00:00

Statement on Human Rights

Bank policy
2012-12-31 00:00:00
BTG Pactual
2020-07-12
BRA
-1021021101211101
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of BTG Pactual here: https://environmentalpaper.org/btg-pactual/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2017-07-19 00:00:00

ESG Annual Report 2016-17

Bank document
2017-07-19 00:00:00
2018-08-31 00:00:00

Global - Environmental, social and corporate governance policy

Bank policy
2018-08-31 00:00:00
2017-04-21 00:00:00

Responsible investment policy

Bank policy
2017-04-21 00:00:00
Caixa Economica Federal
2020-07-12
BRA
9978978888888890
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Caixa Economica Federal here: https://environmentalpaper.org/caixa-economica-federal/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-07 00:00:00

Compliance and Integrity Program

Bank policy
2020-07-07 00:00:00
2015-05-20 00:00:00

Caixa's Social-Environmental Responsibility Policy out of date

Bank policy
2015-05-20 00:00:00
private
China Construction Bank
2020-07-12
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of China Construction Bank: https://environmentalpaper.org/china-construction-bank

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

China Development Bank
2020-07-12
CHN
-1021021102111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of China Development Bank: https://environmentalpaper.org/china-development-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2016-08-16 00:00:00

Culture Manual

Bank document
2016-08-16 00:00:00
China Everbright Bank
2020-07-12
CHN
-1021111102111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of China Everbright Bank: https://environmentalpaper.org/china-everbright-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

China Exim Bank
2020-07-06
CHN
-1012111021111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of China Exim Bank: https://environmentalpaper.org/export-import-bank-of-china/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-14 00:00:00

Guidance on Environmental and Social Assessment of China Exim Bank Loan Project

Bank policy
2020-07-14 00:00:00
2016-07-31 00:00:00

White Paper 2016

Bank policy
2016-07-31 00:00:00
China Merchants Bank
2020-07-12
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of China Merchants Bank: https://environmentalpaper.org/china-merchants-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

China Minsheng Bank
2020-07-06
CHN
-1021111102111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of China Minsheng Bank: https://environmentalpaper.org/china-minsheng-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Citi
2020-07-12
USA
10999897988888799
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Citigroup: https://environmentalpaper.org/citigroup/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-31 00:00:00

Environmental and social policy framework out of date

Bank policy
2020-07-31 00:00:00
private
2018-11-22 00:00:00

Statement on human rights

Bank policy
2018-11-22 00:00:00
2017-08-31 00:00:00

Anti-bribery program

Bank policy
2017-08-31 00:00:00
2017-03-31 00:00:00

Code of conduct

Bank policy
2017-03-31 00:00:00
2013-12-31 00:00:00

Sustainable Forestry Standard

Bank policy
2013-12-31 00:00:00
Commerzbank AG
2020-07-12
DEU
-1020001910202020
Germany
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Commerzbank: https://environmentalpaper.org/commerzbank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-02-29 00:00:00

Policy framework for handling environmental and social risks in its core business out of date

Bank policy
2020-02-29 00:00:00
private
2019-12-09 00:00:00

Position on human rights out of date

Bank policy
2019-12-09 00:00:00
private
2017-11-30 00:00:00

Code of conduct out of date

Bank policy
2017-11-30 00:00:00
private
2015-10-13 00:00:00

Environmental policy

Bank policy
2015-10-13 00:00:00
Crédit Agricole
2020-07-12
FRA
10999999798798790
France
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Crédit Agricole: https://environmentalpaper.org/credit-agricole/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Anti-corruption policy

Date listed represents date as accessed on website
Bank policy
2020-07-15 00:00:00
2017-05-31 00:00:00

CSR policy

Bank policy
2017-05-31 00:00:00
2015-12-02 00:00:00

CSR Sector Policy - Forestry & Palm Oil

Bank policy
2015-12-02 00:00:00
Credit Suisse Group
2020-07-06
CHE
9979989888889100
Switzerland
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Crédit Suisse Group: https://environmentalpaper.org/credit-suisse/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-06-05 00:00:00

Summary of Sector Policies and Guidelines out of date

Bank policy
2020-06-05 00:00:00
private
2019-03-05 00:00:00

Statement on human rights

Bank policy
2019-03-05 00:00:00
2010-12-31 00:00:00

Code of Conduct

Bank policy
2010-12-31 00:00:00
DBS Bank
2020-07-06
SGP
9999998800998990
Singapore
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of DBS Bank: https://environmentalpaper.org/dbs-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-09-30 00:00:00

Our approach to responsible financing out of date

Bank policy
2019-09-30 00:00:00
private
Deutsche Bank
2020-07-06
DEU
-8990101112020
Germany
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Deutsche Bank: https://environmentalpaper.org/deutsche-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2018-08-31 00:00:00

Group code of conduct

Bank policy
2018-08-31 00:00:00
2018-05-23 00:00:00

Environmental and Social Policy Framework out of date

Bank policy
2018-05-23 00:00:00
private
2016-03-24 00:00:00

Human Rights Statement

Bank policy
2016-03-24 00:00:00
First Abu Dhabi Bank (FAB)
2020-07-06
ARE
9978888888888890
United Arab Emirates
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of First Abu Dhabi Bank: https://environmentalpaper.org/first-abu-dhabi-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
Bank policy
2021-09-17 00:00:00
Goldman Sachs
2020-07-06
USA
-1020112101121011
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Goldman Sachs: https://environmentalpaper.org/goldman-sachs/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-12-15 00:00:00

Environmental Policy Framework out of date

Bank policy
2019-12-15 00:00:00
private
2018-05-07 00:00:00

Code of business conduct and ethics out of date

Bank policy
2018-05-07 00:00:00
private
2011-08-03 00:00:00

Human Rights Statement

Bank policy
2011-08-03 00:00:00
Hang Seng Bank
2020-07-12
CHN
10997978998888890
China
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Hang Seng Bank: https://environmentalpaper.org/hang-seng-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Environmental Policy

Bank policy
2020-07-15 00:00:00
HSBC
2020-07-06
GBR
9978987898788899
United Kingdom
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of HSBC: https://environmentalpaper.org/hsbc/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Financial crime risk policies

Date listed represents date as accessed on website
Bank policy
2020-07-15 00:00:00
2020-02-15 00:00:00

Agricultural commodities policy out of date

Bank policy
2020-02-15 00:00:00
private
2020-02-15 00:00:00

Forestry policy out of date

Bank policy
2020-02-15 00:00:00
private
2020-02-15 00:00:00

World heritage sites and Ramsar wetlands policy

Bank policy
2020-02-15 00:00:00
Hua Xia Bank
2020-07-06
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Hua Xia Bank: https://environmentalpaper.org/hua-xia-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Industrial and Commercial Bank of China (ICBC)
2020-07-06
CHN
-1021021111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Industrial and Commercial Bank of China: https://environmentalpaper.org/industrial-and-commercial-bank-of-china-icbc/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Industrial Bank of China
2020-07-06
CHN
9987888978888890
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Industrial Bank of China: https://environmentalpaper.org/industrial-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Itaú-Unibanco
2020-07-06
BRA
9978978897888890
Brazil
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200706
Last update: 2020-07-06
Explanation

For details on this score see EPN's profile of Itaú-Unibanco: https://environmentalpaper.org/itau/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Anti-corruption corporate policy

Bank policy
2020-07-15 00:00:00
2018-02-28 00:00:00

Environmental and social risk policy

Bank policy
2018-02-28 00:00:00
JPMorgan Chase
2020-07-12
USA
9980897898887989
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of JPMorgan Chase: https://environmentalpaper.org/jp-morgan-chase/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-02-25 00:00:00

Environmental and social policy framework out of date

Bank policy
2020-02-25 00:00:00
private
2018-06-30 00:00:00

Code of conduct

Bank policy
2018-06-30 00:00:00
2011-05-03 00:00:00

Human rights

Bank policy
2011-05-03 00:00:00
Land Bank of Taiwan
2020-07-12
TWN
-1111111111111110
Taiwan, Republic of China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Land Bank of Taiwan: https://environmentalpaper.org/land-bank-of-taiwan/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

AML & KYC policy

Bank policy
2020-07-15 00:00:00
Mitsubishi UFJ Financial Group (MUFG)
2020-07-12
JPN
9979997889887890
Japan
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Mitsubishi UFJ Financial Group: https://environmentalpaper.org/mufg/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Human Rights Principles

Bank policy
2020-07-15 00:00:00
2020-05-13 00:00:00

Revision of the MUFG Environmental and Social Policy Framework out of date

Bank policy
2020-05-13 00:00:00
private
Mizuho
2020-07-12
JPN
9991109900988899
Japan
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Mizuho: https://environmentalpaper.org/mizuho-financial-group/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-03-30 00:00:00

Code of Conduct

Date listed represents date as accessed on website
Bank policy
2020-03-30 00:00:00
2020-07-15 00:00:00

Environmental Policy

Date listed represents date as accessed on website
Bank policy
2020-07-15 00:00:00
Morgan Stanley
2020-07-12
USA
-1011112011112020
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Morgan Stanley: https://environmentalpaper.org/morgan-stanley/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-08-08 00:00:00

Environmental and social policy statement out of date

Bank policy
2019-08-08 00:00:00
private
2019-08-08 00:00:00

Statement on human rights

Bank policy
2019-08-08 00:00:00
2018-12-31 00:00:00

Code of conduct

Bank policy
2018-12-31 00:00:00
2018-05-23 00:00:00

Modern slavery and human trafficking statement

Bank policy
2018-05-23 00:00:00
2018-04-30 00:00:00

Code of ethics and business conduct

Bank policy
2018-04-30 00:00:00
NatWest
2020-07-12
GBR
10990898988987980
United Kingdom
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Royal Bank of Scotland Group (RBS): https://environmentalpaper.org/royal-bank-of-scotland-rbs/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-05-02 00:00:00

Statement on Tax Evasion

Bank policy
2019-05-02 00:00:00
2019-10-31 00:00:00

Forestry, fisheries and agribusiness sectors policy out of date

Bank policy
2019-10-31 00:00:00
private
2019-03-28 00:00:00

Position on human rights out of date

Bank policy
2019-03-28 00:00:00
private
2019-02-04 00:00:00

Statement on Anti-Bribery and Corruption

Bank policy
2019-02-04 00:00:00
2019-02-04 00:00:00

Statement on Anti-Money Laundering and Sanctions Policies and Procedures

Bank policy
2019-02-04 00:00:00
2018-05-31 00:00:00

Environment statement

Bank policy
2018-05-31 00:00:00
Nordea
2020-07-12
FIN
9989888898878890
Finland
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Nordea: https://environmentalpaper.org/nordea/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-09-30 00:00:00

Responsible investment policy out of date

Bank policy
2019-09-30 00:00:00
private
2019-06-12 00:00:00

Code of Conduct out of date

Bank policy
2019-06-12 00:00:00
private
2018-10-31 00:00:00

Anti-Money Laundering/Counter Terrorist Financing policy and practises

Bank policy
2018-10-31 00:00:00
2017-12-13 00:00:00

Sustainability policy out of date

Bank policy
2017-12-13 00:00:00
private
Norinchukin Bank
2020-07-12
JPN
9978978888888890
Japan
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Norinchukin Bank: https://environmentalpaper.org/norinchukin-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2018-05-31 00:00:00

UK Modern Slavery Act 2015 Transparency Statement

Bank policy
2018-05-31 00:00:00
2017-07-10 00:00:00

Code of Ethics

Bank policy
2017-07-10 00:00:00
O-Bank
2020-07-12
TWN
-1111021111111110
Taiwan, Republic of China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of O-Bank: https://environmentalpaper.org/o-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2021-08-27 00:00:00

CSR principles

Date listed represents date as accessed on website
Bank policy
2021-08-27 00:00:00
People's Bank of China
2020-07-12
CHN
-1111111111111110
China
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of People's Bank of China: https://environmentalpaper.org/the-peoples-bank-of-china-pbc/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Ping An Bank
2020-07-12
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Ping An Bank Co Ltd: https://environmentalpaper.org/ping-an-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Postal Savings Bank of China
2020-07-12
CHN
-1021111102111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Postal Savings Bank of China: https://environmentalpaper.org/postal-savings-bank-of-china/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Rabobank
2020-07-12
NLD
10999999888989990
Netherlands
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Rabobank: https://environmentalpaper.org/rabobank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-03-28 00:00:00

Tax Policy Statement

Bank policy
2019-03-28 00:00:00
2019-08-27 00:00:00

Sustainability Policy Framework out of date

Bank policy
2019-08-27 00:00:00
private
Santander
2020-07-12
ESP
10988988797897980
Spain
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Santander: https://environmentalpaper.org/santander/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-01-18 00:00:00

Code of conduct out of date

Bank policy
2019-01-18 00:00:00
private
2018-12-31 00:00:00

Climate change and environmental management policy out of date

Bank policy
2018-12-31 00:00:00
private
Scotiabank
2020-07-12
CAN
9888978888888890
Canada
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Scotiabank: https://environmentalpaper.org/scotiabank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-02-25 00:00:00

Human Rights Statement out of date

Bank policy
2019-02-25 00:00:00
private
2018-04-19 00:00:00

Anti-money laundering/anti-terrorist financing and sanctions statement out of date

Bank policy
2018-04-19 00:00:00
private
Shanghai Pudong Development Bank
2020-07-12
CHN
-1021111111111110
China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Shanghai Pudong Development Bank: https://environmentalpaper.org/shanghai-pudong-development-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Shinkin Central Bank
2020-07-12
JPN
-1111111111111110
Japan
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Shinkin Central Bank: https://environmentalpaper.org/shinkin-central-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Skandinaviska Enskilda Banken (SEB)
2020-07-12
SWE
9978988998898890
Sweden
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Skandinaviska Enskilda Banken (SEB): https://environmentalpaper.org/skandinaviska-enskilda-banken-seb/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2012-03-27 00:00:00

Forestry Policy out of date

Bank policy
2012-03-27 00:00:00
private
2019-06-13 00:00:00

Tax Policy

Bank policy
2019-06-13 00:00:00
2018-12-12 00:00:00

Corporate sustainability policy out of date

Bank policy
2018-12-12 00:00:00
private
2018-11-15 00:00:00

Environmental policy out of date

Bank policy
2018-11-15 00:00:00
private
2018-11-15 00:00:00

Human rights policy out of date

Bank policy
2018-11-15 00:00:00
private
Standard Chartered
2020-07-12
GBR
10999999888888999
United Kingdom
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Standard Chartered: https://environmentalpaper.org/standard-chartered-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2019-05-21 00:00:00

Agro-industries position statement out of date

Bank policy
2019-05-21 00:00:00
private
2018-12-31 00:00:00

Modern slavery statement 2018 out of date

Bank policy
2018-12-31 00:00:00
private
2018-11-22 00:00:00

Anti-Bribery and Corruption: Summary of Policy

Bank policy
2018-11-22 00:00:00
2016-11-05 00:00:00

Position Statement on Forestry out of date

Bank policy
2016-11-05 00:00:00
private
Sumitomo Mitsui Banking Corporation (SMBC)
2020-07-12
JPN
9978987888889990
Japan
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Sumitomo Mitsui Banking Corporation: https://environmentalpaper.org/sumitomo-mitsui-financial-group/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-04-16 00:00:00

Revision of ESG financing policies

Bank policy
2020-04-16 00:00:00
2021-01-14 00:00:00

Management of environmental risks

Date listed represents date as accessed on website
Bank policy
2021-01-14 00:00:00
2019-03-05 00:00:00

Statement on human rights out of date

Bank policy
2019-03-05 00:00:00
private
Taiwan Business Bank
2020-07-12
TWN
-1111111111111110
Taiwan, Republic of China
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Taiwan Business Bank: https://environmentalpaper.org/taiwan-business-bank/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Wells Fargo
2020-07-12
USA
9979788889878899
United States
Profile
Equator Principles
Ensure Legality
Ensure ESIA for mills and plantations
Ensure FPIC
Respect Human Rights
No forest degradation and deforestation
Protect peat
No persistent pollution
No corruption and tax evasion
Respect Indigenous Rights and customary land use rights
No forced resettlement
Protect endangered species
No high-risk species
No fire
Corporate association / scope of the policy
20200712
Last update: 2020-07-12
Explanation

For details on this score see EPN's profile of Wells Fargo: https://environmentalpaper.org/w-fargo/

For information on the "In The Red" research project see: https://environmentalpaper.org/inthered/

Relevant policies
2020-07-15 00:00:00

Indigenous Peoples Statement

Bank policy
2020-07-15 00:00:00
2020-06-11 00:00:00

Human Rights Statement out of date

Bank policy
2020-06-11 00:00:00
private
2018-06-30 00:00:00

Environmental and Social Risk Management Framework out of date

Bank policy
2018-06-30 00:00:00
private
Explanation

This table lists banks that have adopted each criterion fully ( ), partially ( ), or that have not adopted ( ). Click on 'Details' for the rationale of this assessment for each bank.

Dodgy Deals
All
Projects
Companies

APRIL

Indonesia
Company
Active
Pulp, Paper and Paperboard Mills

APRIL

Indonesia | company

Arauco

Chile
Company
Active
Biomass Electric Power Generation | Pulp, Paper and Paperboard Mills

Arauco

Chile | company

Asia Pulp and Paper (APP)

Indonesia
Company
Active
Pulp, Paper and Paperboard Mills

Asia Pulp and Paper (APP)

Indonesia | company

Compañía Manufacturera de Papeles y Cartones (CPMC)

Chile
Company
Active
Pulp, Paper and Paperboard Mills

Compañía Manufacturera de Papeles y Cartones (CPMC)

Chile | company

PT Plasma Nutfah Marind Papua (PT PNMP) plantation

Indonesia
Project
Active
Pulp, Paper and Paperboard Mills

PT Plasma Nutfah Marind Papua (PT PNMP) plantation

Indonesia | project

Paracel Mill Project

Paraguay
Project
Active
Pulp, Paper and Paperboard Mills | ...

Paracel Mill Project

Paraguay | project

Sinar Mas

Indonesia
Company
Active
Agriculture for Palm Oil | ...

Sinar Mas

Indonesia | company

Suzano

Brazil
Company
Active
Pulp, Paper and Paperboard Mills

Suzano

Brazil | company

UPM-Kymmene

Finland
Company
Active
Pulp, Paper and Paperboard Mills

UPM-Kymmene

Finland | company

APP Andhra Pradesh pulp mill

India
Project
On record
Pulp, Paper and Paperboard Mills

APP Andhra Pradesh pulp mill

India | project | on record

Amazar Pulp and Saw Mill

Russian Federation
Project
On record
Pulp, Paper and Paperboard Mills

Amazar Pulp and Saw Mill

Russian Federation | project | on record

Botnia pulp and paper mill

Uruguay
Project
On record