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Banks and Pulp & Paper - Policy Assessment
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Sappi Kirkniemi paper mill, Finland. Photo: WikiCommons

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 for the second time. 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 “Red Lines” are fully described in the Green Paper, Red Lines report, which is a translation of EPN’s Global Paper Vision for use by financiers. They include requirements for legality, to exclude any deforestation and forest degradation, and to respect customary land rights.

The assessment found that most Red Lines are still poorly protected by financial institutions. On average, only 6% of the banks scored “well protected” for a Red Line criteria. The highest scores were obtained for the Red Line requiring legality and respect for human rights, for which 22% and 26% of banks scored “well protected”, respectively. The worst scores were obtained for the Red Lines requiring a full Environmental Impact Assessment and no introduction of high-risk species (which includes genetically engineered trees). None of the financial institutions scored “well protected” for these criteria.

Recommendations

Although the scores of each of the 68 financial institutions assessed by the report widely vary for each Red Line, none of them have policies in place that fully protect the Red Lines. This is extremely worrying. The Red Lines form only the minimum requirements for pulp and paper companies to avoid social and environmental harm. As stated in Green Paper, Red Lines, “Companies that do not cross these Red Lines are not automatically deemed to be operating in a sustainable manner. However, companies that do cross these Red Lines, and financiers providing support to them, are highly likely to be the target of campaigns by civil society organisations."

EPN and BankTrack therefore recommend that each financial institution active in financing the sector should:

  • If it has not already done so, create and make publicly available a full investment policy framework for the pulp and paper sector;
  • Examine EPN’s assessment of its policy and improve it where necessary, to make sure they avoid becoming financially involved in any companies or projects that breach the Red Lines;
  • Have consultation meetings with concerned groups in the process of policy formation;
  • Maintain open communication with civil society organisations and community groups;
  • Publish their policy through a range of media; and
  • Ensure that all policies are implemented through adequate due diligence procedures.

Green Paper, Red Lines  is strongly supported by more than 150 civil society organisations worldwide. We hope that the finance sector will use it to work with us to move the pulp and paper industry towards a sustainable future.

For more detailed information on the policies and the scores of each financial institution, see the overview table of the In the Red scores 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
csr policies
2019-02-12 00:00:00

Code of conduct

Date listed represents date as accessed on website
2019-02-12 00:00:00
csr policiesprivate
2018-11-30 00:00:00

Exclusion list out of date

2018-11-30 00:00:00
csr policies
2018-06-30 00:00:00

Sustainability policy for agri-commodities

2018-06-30 00:00:00
csr policies
2018-06-30 00:00:00

Sustainability policy for manufacturing

2018-06-30 00:00:00
csr policiesprivate
2012-12-31 00:00:00

Human Rights Statement 2012 out of date

2012-12-31 00:00:00
csr policiesprivate
2014-10-23 00:00:00

Sustainability Risk Policy out of date

2014-10-23 00:00:00
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
csr policies
2019-06-08 00:00:00

Standard for social and environmental responsibility

2019-06-08 00:00:00
csr policies
2019-05-20 00:00:00

Human Rights Policy

2019-05-20 00:00:00
csr policies
2018-05-21 00:00:00

Anti-corruption corporate policy

2018-05-21 00:00:00
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
csr policiesprivate
2020-07-14 00:00:00

Declaración Anti-Lavado de Dinero

2020-07-14 00:00:00
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
csr policies
2019-08-09 00:00:00

Human rights policy

2019-08-09 00:00:00
csr policiesprivate
2019-01-01 00:00:00

Sustainability Credit Guidelines out of date

2019-01-01 00:00:00
csr policies
2018-12-31 00:00:00

Code of Ethics and Standards of Conduct

2018-12-31 00:00:00
csr policies
2017-12-18 00:00:00

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

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
csr policies
2019-10-18 00:00:00

Social and Environmental Risks Policy

2019-10-18 00:00:00
csr policies
2018-11-16 00:00:00

Corporate sustainability policy

2018-11-16 00:00:00
csr policies
2013-08-04 00:00:00

Ethics Manual

Document in Spanish
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
csr policiesprivate
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

2019-10-23 00:00:00
csr policies
2019-04-18 00:00:00

Human Rights Statement

2019-04-18 00:00:00
csr policies
2018-02-02 00:00:00

Anti-money laundering questionnaire

2018-02-02 00:00:00
csr policies
2018-01-03 00:00:00

Vendor code of conduct

2018-01-03 00:00:00
csr policies
2016-10-28 00:00:00

Forests Practices 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
csr policies
2020-07-14 00:00:00

Anti-Bribery and Corruption Policy Statement

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Environmental Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Slavery and Human Trafficking Statement

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

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

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Supplier Code of Conduct

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
csr policies
2020-07-14 00:00:00

Modern Slavery Act

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
csr policies
2019-06-28 00:00:00

Financial Crime Statement

2019-06-28 00:00:00
csr policies
2019-06-28 00:00:00

Tax Principles

2019-06-28 00:00:00
csr policies
2019-02-28 00:00:00

Forestry and palm oil statement

2019-02-28 00:00:00
csr policiesprivate
2018-04-30 00:00:00

World Heritage site and Ramsar Wetlands statement out of date

2018-04-30 00:00:00
csr policies
2016-11-30 00:00:00

Statement on human rights

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
csr policies
2020-07-14 00:00:00

Anti-corruption Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social Clause

2020-07-14 00:00:00
csr policies
2016-05-04 00:00:00

Socio-environmental 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
csr policies
2020-07-14 00:00:00

Anti-corruption policy

2020-07-14 00:00:00
csr policies
2018-03-02 00:00:00

Exclusion list

2018-03-02 00:00:00
csr policies
2018-01-23 00:00:00

Code of conduct

2018-01-23 00:00:00
csr policies
2012-12-31 00:00:00

Statement on Human Rights

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
bank documents
2017-07-19 00:00:00

ESG Annual Report 2016-17

2017-07-19 00:00:00
csr policies
2018-08-31 00:00:00

Global - Environmental, social and corporate governance policy

2018-08-31 00:00:00
csr policies
2017-04-21 00:00:00

Responsible investment 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
csr policies
2020-07-07 00:00:00

Compliance and Integrity Program

2020-07-07 00:00:00
csr policiesprivate
2015-05-20 00:00:00

Caixa's Social-Environmental Responsibility Policy out of date

2015-05-20 00:00:00
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
csr policies
2016-08-16 00:00:00

Culture Manual

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
csr policies
2020-07-14 00:00:00

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

2020-07-14 00:00:00
csr policies
2016-07-31 00:00:00

White Paper 2016

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
csr policiesprivate
2020-07-31 00:00:00

Environmental and social policy framework out of date

2020-07-31 00:00:00
csr policies
2018-11-22 00:00:00

Statement on human rights

2018-11-22 00:00:00
csr policies
2017-08-31 00:00:00

Anti-bribery program

2017-08-31 00:00:00
csr policies
2017-03-31 00:00:00

Code of conduct

2017-03-31 00:00:00
csr policies
2013-12-31 00:00:00

Sustainable Forestry Standard

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
csr policiesprivate
2020-02-29 00:00:00

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

2020-02-29 00:00:00
csr policies
2019-12-09 00:00:00

Position on human rights

2019-12-09 00:00:00
csr policies
2017-11-30 00:00:00

Code of conduct

2017-11-30 00:00:00
csr policies
2015-10-13 00:00:00

Environmental 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
csr policies
2020-07-15 00:00:00

Anti-corruption policy

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

CSR policy

2017-05-31 00:00:00
csr policies
2015-12-02 00:00:00

CSR Sector Policy - Forestry & Palm Oil

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
csr policiesprivate
2020-06-05 00:00:00

Summary of Sector Policies and Guidelines out of date

2020-06-05 00:00:00
csr policies
2019-03-05 00:00:00

Statement on human rights

2019-03-05 00:00:00
csr policies
2010-12-31 00:00:00

Code of Conduct

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
csr policiesprivate
2019-09-30 00:00:00

Our approach to responsible financing out of date

2019-09-30 00:00:00
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
csr policies
2018-08-31 00:00:00

Group code of conduct

2018-08-31 00:00:00
csr policiesprivate
2018-05-23 00:00:00

Environmental and Social Policy Framework out of date

2018-05-23 00:00:00
csr policies
2016-03-24 00:00:00

Human Rights Statement

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
csr policies
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
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
csr policiesprivate
2019-12-15 00:00:00

Environmental Policy Framework out of date

2019-12-15 00:00:00
csr policiesprivate
2018-05-07 00:00:00

Code of business conduct and ethics out of date

2018-05-07 00:00:00
csr policies
2011-08-03 00:00:00

Human Rights Statement

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
csr policies
2020-07-15 00:00:00

Environmental Policy

2020-07-15 00:00:00
HSBC
2020-07-06
GBR
10988987898788899
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
csr policies
2020-07-15 00:00:00

Financial crime risk policies

Date listed represents date as accessed on website
2020-07-15 00:00:00
csr policies
2020-02-15 00:00:00

Agricultural commodities policy

2020-02-15 00:00:00
csr policies
2020-02-15 00:00:00

Forestry policy

2020-02-15 00:00:00
csr policies
2020-02-15 00:00:00

World heritage sites and Ramsar wetlands policy

2020-02-15 00:00:00
csr policiesprivate
2015-09-30 00:00:00

Statement on Human Rights out of date

2015-09-30 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
csr policies
2020-07-15 00:00:00

Anti-corruption corporate policy

2020-07-15 00:00:00
csr policies
2018-02-28 00:00:00

Environmental and social risk 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
csr policiesprivate
2020-02-25 00:00:00

Environmental and social policy framework out of date

2020-02-25 00:00:00
csr policies
2018-06-30 00:00:00

Code of conduct

2018-06-30 00:00:00
csr policies
2011-05-03 00:00:00

Human rights

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
csr policies
2020-07-15 00:00:00

AML & KYC 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
csr policies
2020-07-15 00:00:00

Human Rights Principles

2020-07-15 00:00:00
csr policiesprivate
2020-05-13 00:00:00

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

2020-05-13 00:00:00
Mizuho
2020-07-12
JPN
9991109900988890
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
csr policies
2020-07-15 00:00:00

Environmental Policy

2020-07-15 00:00:00
csr policies
2020-03-30 00:00:00

Code of Conduct

Date listed represents date as accessed on website
2020-03-30 00:00:00
csr policiesprivate
2019-05-22 00:00:00

Overview of responsible investment and financing out of date

2019-05-22 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
csr policiesprivate
2019-08-08 00:00:00

Environmental and social policy statement out of date

2019-08-08 00:00:00
csr policies
2019-08-08 00:00:00

Statement on human rights

2019-08-08 00:00:00
csr policies
2018-12-31 00:00:00

Code of conduct

2018-12-31 00:00:00
csr policies
2018-05-23 00:00:00

Modern slavery and human trafficking statement

2018-05-23 00:00:00
csr policies
2018-04-30 00:00:00

Code of ethics and business conduct

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
csr policies
2019-05-02 00:00:00

Statement on Tax Evasion

2019-05-02 00:00:00
csr policiesprivate
2019-10-31 00:00:00

Forestry, fisheries and agribusiness sectors policy out of date

2019-10-31 00:00:00
csr policiesprivate
2019-03-28 00:00:00

Position on human rights out of date

2019-03-28 00:00:00
csr policies
2019-02-04 00:00:00

Statement on Anti-Bribery and Corruption

2019-02-04 00:00:00
csr policies
2019-02-04 00:00:00

Statement on Anti-Money Laundering and Sanctions Policies and Procedures

2019-02-04 00:00:00
csr policies
2018-05-31 00:00:00

Environment statement

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
csr policiesprivate
2019-09-30 00:00:00

Responsible investment policy out of date

2019-09-30 00:00:00
csr policiesprivate
2019-06-12 00:00:00

Code of Conduct out of date

2019-06-12 00:00:00
csr policies
2018-10-31 00:00:00

Anti-Money Laundering/Counter Terrorist Financing policy and practises

2018-10-31 00:00:00
csr policiesprivate
2017-12-13 00:00:00

Sustainability policy out of date

2017-12-13 00:00:00
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
csr policies
2018-05-31 00:00:00

UK Modern Slavery Act 2015 Transparency Statement

2018-05-31 00:00:00
csr policies
2017-07-10 00:00:00

Code of Ethics

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
csr policies
2021-08-27 00:00:00

CSR principles

Date listed represents date as accessed on website
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
csr policies
2019-03-28 00:00:00

Tax Policy Statement

2019-03-28 00:00:00
csr policiesprivate
2019-08-27 00:00:00

Sustainability Policy Framework out of date

2019-08-27 00:00:00
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
csr policies
2019-01-18 00:00:00

Code of conduct

2019-01-18 00:00:00
csr policiesprivate
2018-12-31 00:00:00

Climate change and environmental management policy out of date

2018-12-31 00:00:00
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
csr policiesprivate
2019-02-25 00:00:00

Human Rights Statement out of date

2019-02-25 00:00:00
csr policies
2018-04-19 00:00:00

Anti-money laundering/anti-terrorist financing and sanctions statement

2018-04-19 00:00:00
csr policies
2010-04-07 00:00:00

Environmental policy

2010-04-07 00:00:00
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
csr policies
2012-03-27 00:00:00

Forestry Policy

2012-03-27 00:00:00
csr policies
2019-06-13 00:00:00

Tax Policy

2019-06-13 00:00:00
csr policiesprivate
2018-12-12 00:00:00

Corporate sustainability policy out of date

2018-12-12 00:00:00
csr policies
2018-11-15 00:00:00

Environmental policy

2018-11-15 00:00:00
csr policies
2018-11-15 00:00:00

Human rights policy

2018-11-15 00:00:00
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
csr policiesprivate
2019-05-21 00:00:00

Agro-industries position statement out of date

2019-05-21 00:00:00
csr policiesprivate
2018-12-31 00:00:00

Modern slavery statement 2018 out of date

2018-12-31 00:00:00
csr policies
2018-11-22 00:00:00

Anti-Bribery and Corruption: Summary of Policy

2018-11-22 00:00:00
csr policiesprivate
2016-11-05 00:00:00

Position Statement on Forestry out of date

2016-11-05 00:00:00
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
csr policies
2020-04-16 00:00:00

Revision of ESG financing policies

2020-04-16 00:00:00
csr policies
2021-01-14 00:00:00

Management of environmental risks

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

Statement on human rights

2019-03-05 00:00:00
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
csr policies
2020-07-15 00:00:00

Indigenous Peoples Statement

2020-07-15 00:00:00
csr policies
2020-06-11 00:00:00

Human Rights Statement

2020-06-11 00:00:00
csr policies
2018-06-30 00:00:00

Environmental and Social Risk Management Framework

2018-06-30 00:00:00
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.

 

 

 

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BTG Pactual Brazil

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China CITIC Bank China

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China Construction Bank China

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China Development Bank China

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China Everbright Bank China

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China Merchants Bank China

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China Minsheng Bank China

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Citi United States

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Commerzbank Germany

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Crédit Agricole France

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Credit Suisse Switzerland

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DBS Singapore

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Deutsche Bank Germany

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First Abu Dhabi Bank (FAB) United Arab Emirates

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Goldman Sachs United States

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HSBC United Kingdom

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Industrial Bank China

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Itaú-Unibanco Brazil

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JPMorgan Chase United States

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Mitsubishi UFJ Financial Group (MUFG) Japan

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Mizuho Financial Group Japan

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Morgan Stanley United States

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NatWest Group United Kingdom

active

Nordea Finland

active

Norinchukin Bank Japan

active

Ping An Bank China

active

Postal Savings Bank of China China

active

Rabobank Netherlands

active

Scotiabank Canada

active

Shanghai Pudong Development Bank China

active

Shinkin Central Bank Japan

active

Skandinaviska Enskilda Banken (SEB) Sweden

active

Standard Chartered United Kingdom

active

Sumitomo Mitsui Banking Corporation (SMBC) Japan

active

Sumitomo Mitsui Trust Holdings Japan

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Wells Fargo United States

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BNDES Brazil

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Export-Import Bank of China China

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News

| |
Type:
Year:
blog
external news
our news

Environmental Paper Network’s Pulp and Paper policy assessment table launched on BankTrack website

‘In the Red 2020’ is an assessment of the pulp and paper financing policies of 68 financial institutions
2020-07-23 | Nijmegen | BankTrack
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