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Home › Campaigns › Banks and Nature ›
Campaign

Forests & Finance

By: BankTrack
Work partners:
Repórter Brasil, Amazon Watch, Profundo, Rainforest Action Network, Sahabat Alam Malaysia & TuK Indonesia
Contact:

nature@banktrack.org

Forests & Finance website. Photo: Forests & Finance
By: BankTrack
Work partners:
Repórter Brasil, Amazon Watch, Profundo, Rainforest Action Network, Sahabat Alam Malaysia & TuK Indonesia
Contact:

nature@banktrack.org

Why this campaign?

The Forests & Finance platform is the result of research and investigations by a coalition of campaign and research organisations including BankTrack, Rainforest Action Network, TuK INDONESIA, Profundo, Amazon Watch, Repórter Brasil, Sahabat Alam Malaysia, and Friends of the Earth US. The coalition seeks, collectively, to achieve improved financial sector transparency, policies, and systems that prevent financial institutions from supporting environmental and social abuses that are all too common in the operations of many forest-risk sector clients.

Policy analysis

Forests & Finance assesses the publicly available policies of the 200 largest creditors and investors of global forest-risk commodities in Southeast Asia, Central and West Africa, and parts of South America. This is based on the finance received by over 300 companies directly involved in the beef, soy, palm oil, pulp and paper, rubber and timber supply chains, whose operations may impact natural tropical forests and the communities that rely on them. The assessment considers the quality of financiers policies on 35 criteria and the coverage over their credit and investment operations and their sector exposure. For a detailed methodology see here.

For a summary of the compiled policy assessments and for the details on the scores per sector and the scoring criteria, check the Forests & Finance website here or the summary briefing here. The below table shows the overall scores of 69 commercial and development banks assessed.

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
ABN AMRO
2022-10-18
NLD
7.2
Leader 7.2
0
Netherlands
Profile
Score
Leader
7.2
20221018
Last update: 2022-10-18
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on ABN AMRO's profile. 

Agricultural Bank of China
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Agricultural Bank of China's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Agricultural Bank of China's profile.

Allianz
2022-09-21
DEU
1.5
Follower 1.5
0
Germany
Score
Follower
1.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Allianz's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Allianz's profile. 

ANZ
2022-10-18
AUS
3.9
Follower 3.9
0
Australia
Profile
Score
Follower
3.9
20221018
Last update: 2022-10-18
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of ANZ's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on ANZ's profile.

Banco Bradesco
2022-09-21
BRA
1
Follower 1
0
Brazil
Profile
Score
Follower
1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Banco Bradesco's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Banco Bradesco's profile.

Banco do Brasil
2022-09-21
BRA
4.4
Front runner 4.4
0
Brazil
Profile
Score
Front runner
4.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Banco do Brasil's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Banco do Brasil's profile.

Bank Central Asia
2022-09-21
IDN
4.1
Front runner 4.1
0
Indonesia
Profile
Score
Front runner
4.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank Central Asia's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank Central Asia's profile.

Bank Mandiri
2022-09-21
IDN
4.3
Front runner 4.3
0
Indonesia
Profile
Score
Front runner
4.3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank Mandiri's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank Mandiri's profile.

Bank Negara Indonesia
2022-09-21
IDN
1.1
Follower 1.1
0
Indonesia
Profile
Score
Follower
1.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank Negara Indonesia's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank Negara Indonesia's profile.

Bank of America
2022-09-21
USA
3.5
Follower 3.5
0
United States
Profile
Score
Follower
3.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank of America's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank of America's profile.

Bank of China
2022-09-21
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank of China's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank of China's profile.

Bank of Communications
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank of Communications' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank of Communications' profile.

Bank of New York Mellon
2022-09-21
USA
0.7
Laggard 0.7
0
United States
Profile
Score
Laggard
0.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank of New York Mellon's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank of New York Mellon's profile.

Bank Rakyat Indonesia - BRI
2022-09-21
IDN
2.7
Follower 2.7
0
Indonesia
Profile
Score
Follower
2.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank Rakyat Indonesia's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank Rakyat Indonesia's profile.

Barclays
2022-09-21
GBR
1.5
Follower 1.5
0
United Kingdom
Profile
Score
Follower
1.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Barclays' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Barclays' profile.

BBVA
2022-09-21
ESP
5.6
Front runner 5.6
0
Spain
Profile
Score
Front runner
5.6
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of BBVA's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on BBVA's profile.

BNDES
2022-09-21
BRA
5.1
Front runner 5.1
0
Brazil
Profile
Score
Front runner
5.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of BNDES' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on BNDES' profile.

BNP Paribas
2022-09-21
FRA
4.2
Front runner 4.2
0
France
Profile
Score
Front runner
4.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of BNP Paribas' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on BNP Paribas' profile.

BPCE Group
2022-09-21
FRA
0.2
Laggard 0.2
0
France
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of BPCE Group's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on BPCE Group's profile.

BTG Pactual
2022-09-21
BRA
1.9
Follower 1.9
0
Brazil
Profile
Score
Follower
1.9
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of BTG Pactual's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on BTG Pactual's profile.

Caixa Economica Federal
2022-09-21
BRA
2.4
Follower 2.4
0
Brazil
Profile
Score
Follower
2.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Caixa Economica Federal's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Caixa Economica Federal's profile.

China CITIC Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China CITIC Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China CITIC bank's profile.

China Construction Bank
2022-09-21
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Construction Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Construction Bank's profile.

China Development Bank
2022-09-21
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Development Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Development Bank's profile.

China Everbright Bank
2022-09-21
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Everbright Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Everbright Bank's profile.

China Merchants Bank
2022-09-21
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Merchants Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Merchants Bank's profile.

China Minsheng Bank
2022-09-21
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Minsheng Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Minsheng Bank's profile.

CIMB
2022-09-21
MYS
4.6
Front runner 4.6
0
Malaysia
Profile
Score
Front runner
4.6
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of CIMB's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on CIMB's profile.

Citi
2022-09-21
USA
6.1
Front runner 6.1
0
United States
Profile
Score
Front runner
6.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Citi's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Citi's profile.

Commerzbank AG
2022-09-21
DEU
2.2
Follower 2.2
0
Germany
Profile
Score
Follower
2.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Commerzbank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Commerzbank's profile.

Commonwealth Bank of Australia
2022-09-21
AUS
2.2
Follower 2.2
0
Australia
Profile
Score
Follower
2.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Commonwealth Bank of Australia's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Commonwealth Bank of Australia's profile.

Crédit Agricole
2022-09-21
FRA
5.2
Front runner 5.2
0
France
Profile
Score
Front runner
5.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Crédit Agricole's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Crédit Agricole's profile.

Credit Suisse Group
2022-09-21
CHE
5.9
Front runner 5.9
0
Switzerland
Profile
Score
Front runner
5.9
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Credit Suisse Group's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Credit Suisse Group's profile.

DBS Bank
2022-09-21
SGP
5
Front runner 5
0
Singapore
Profile
Score
Front runner
5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of DBS Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on DBS Bank's profile.

Deutsche Bank
2022-09-21
DEU
4.8
Front runner 4.8
0
Germany
Profile
Score
Front runner
4.8
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Deutsche Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Deutsche Bank's profile.

DZ Bank
2022-09-21
DEU
4.9
Front runner 4.9
0
Germany
Profile
Score
Front runner
4.9
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of DZ Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on DZ Bank's profile.

E Sun Commercial Bank
2022-09-21
TWN
4
Front runner 4
0
Taiwan, Republic of China
Profile
Score
Front runner
4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of E.Sun Commercial Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on E.Sun Commercial Bank's profile.

Export Development Canada (EDC)
2022-09-21
CAN
3
Follower 3
0
Canada
Profile
Score
Follower
3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Export Development Canada's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Export Development Canada's profile.

First Abu Dhabi Bank (FAB)
2022-09-21
ARE
0.2
Laggard 0.2
0
United Arab Emirates
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of First Abu Dhabi Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on First Abu Dhabi Bank's profile.

Fubon Financial Holdings
2022-09-21
TWN
1.7
Follower 1.7
0
Taiwan, Republic of China
Profile
Score
Follower
1.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Fubon Financial Holdings' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Fubon Financial Holding's profile.

Goldman Sachs
2022-09-21
USA
5.1
Front runner 5.1
0
United States
Profile
Score
Front runner
5.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Goldman Sachs' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Goldman Sachs' profile.

Hana Financial Group
2022-09-27
KOR
0.3
Laggard 0.3
0
South Korea
Profile
Score
Laggard
0.3
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Hana Financial' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Hana financial' profile.

HSBC
2022-09-27
GBR
4.3
Front runner 4.3
0
United Kingdom
Profile
Score
Front runner
4.3
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of HSBC' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on HSBC' profile.

Hua Xia Bank
2022-09-27
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Hua Xia Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Hua Xia Bank' profile.

ICICI Bank
2022-09-27
IND
0.2
Laggard 0.2
0
India
Profile
Score
Laggard
0.2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of ICICI Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on ICICI Bank' profile.

Industrial and Commercial Bank of China (ICBC)
2022-09-27
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Industrial and Commercial Bank of China ICBC Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Industrial and Commercial Bank of China ICBC Bank' profile.

ING
2022-09-27
NLD
6.3
Front runner 6.3
0
Netherlands
Profile
Score
Front runner
6.3
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of ING Group' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on ING Group' profile.

Itaú-Unibanco
2022-09-27
BRA
2.8
Follower 2.8
0
Brazil
Profile
Score
Follower
2.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Itaú-Unibanco' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Itaú-Unibanco' profile

JPMorgan Chase
2022-09-27
USA
2.1
Follower 2.1
0
United States
Profile
Score
Follower
2.1
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of JPMorgan Chase' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on JPMorgan Chase' profile

Mitsubishi UFJ Financial Group (MUFG)
2022-09-27
JPN
5.4
Front runner 5.4
0
Japan
Profile
Score
Front runner
5.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Mitsubishi UFJ Financial Group (MUFG)' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Mitsubishi UFJ Financial Group (MUFG)' profile

Mizuho
2022-09-27
JPN
6.9
Front runner 6.9
0
Japan
Profile
Score
Front runner
6.9
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Mizuho Financial' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Mizuho Financial' profile

Morgan Stanley
2022-09-27
USA
3.7
Follower 3.7
0
United States
Profile
Score
Follower
3.7
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Morgan Stanley' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Morgan Stanley' profile

OCBC
2022-09-27
SGP
2
Follower 2
0
Singapore
Profile
Score
Follower
2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of OCBC' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on OCBC' profile

Rabobank
2022-09-27
NLD
7.4
Leader 7.4
0
Netherlands
Profile
Score
Leader
7.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Rabobank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Rabobank' profile

RHB Banking Group
2022-09-27
MYS
0.2
Laggard 0.2
0
Malaysia
Profile
Score
Laggard
0.2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of RHB Banking Group' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on RHB Banking Group' profile

Royal Bank of Canada (RBC)
2022-09-27
CAN
2.8
Follower 2.8
0
Canada
Profile
Score
Follower
2.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Royal Bank of Canada (RBC)' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Royal Bank of Canada (RBC)' profile

Santander
2022-09-27
ESP
3.6
Follower 3.6
0
Spain
Profile
Score
Follower
3.6
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Santander' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Santander' profile

Scotiabank
2022-09-27
CAN
0.5
Laggard 0.5
0
Canada
Profile
Score
Laggard
0.5
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Scotiabank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Scotiabank' profile

Shanghai Pudong Development Bank
2022-09-27
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Shanghai Pudong Development Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Shanghai Pudong Development Bank' profile

Société Générale
2022-09-27
FRA
5.4
Front runner 5.4
0
France
Profile
Score
Front runner
5.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Société Générale' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Société Générale'profile

Standard Chartered
2022-09-27
GBR
6.4
Front runner 6.4
0
United Kingdom
Profile
Score
Front runner
6.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Société Standard Chartered' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Standard Chartered'profile

State Bank of India
2022-09-27
IND
0.2
Laggard 0.2
0
India
Profile
Score
Laggard
0.2
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of State Bank of India' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on State Bank of India' profile

Sumitomo Mitsui Banking Corporation (SMBC)
2022-09-27
JPN
3.9
Follower 3.9
0
Japan
Profile
Score
Follower
3.9
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Sumitomo Mitsui Banking Corporation (SMBC)' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Sumitomo Mitsui Banking Corporation (SMBC)' profile

Sumitomo Mitsui Trust Holdings
2022-10-18
JPN
3.1
Follower 3.1
0
Japan
Profile
Score
Follower
3.1
20221018
Last update: 2022-10-18
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Sumitomo Mitsui Trust Holdings' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Sumitomo Mitsui Trust Holdings' profile

Taishin International Bank
2022-09-27
TWN
0.5
Laggard 0.5
0
Taiwan, Republic of China
Profile
Score
Laggard
0.5
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Taishin International Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Taishin International Bank'profile

Toronto-Dominion Bank (TD Bank)
2022-09-27
CAN
2.8
Follower 2.8
0
Canada
Profile
Score
Follower
2.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of TD' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on TD'profile

UBS
2022-09-27
CHE
5.4
Front runner 5.4
0
Switzerland
Profile
Score
Front runner
5.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of UBS' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on UBS'profile

United Overseas Bank
2022-09-27
SGP
5.8
Front runner 5.8
0
Singapore
Profile
Score
Front runner
5.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of United Overseas Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on United Overseas Bank'profile

Westpac
2022-09-27
AUS
5.8
Front runner 5.8
0
Australia
Profile
Score
Front runner
5.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Westpac' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Westpac'profile

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points

Resources
Documents
Videos
Links
2021-11-02 00:00:00

Open letter of concerns on the issuance of USD 1 billion in Sustainability-Linked Bond (SLB) by JBS

NGO document
2021-11-02 00:00:00 | BankTrack, Forests & Finance, Greenpeace
2021-08-19 00:00:00

Letter from the Forest & Finance Coalition and allies to International Financial Institutions on the Risks of Legal Setbacks in Environmental Protections in Brazil

BankTrack publication
2021-08-19 00:00:00 | Forests & Finance
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack
2021-06-28 00:00:00

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

NGO document
2021-06-28 00:00:00 | Chain Reaction Research
2021-06-23 00:00:00

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance
2021-05-25 00:00:00

How JBS is still slaughtering the Amazon

NGO document
2021-05-25 00:00:00 | Greenpeace
2021-05-10 00:00:00

Chinese banks’ forest-risk financing

Financial flows and client risks
BankTrack publication
2021-05-10 00:00:00 | Forest and Finance
2021-05-03 00:00:00

Key Cerrado Deforesters in 2020 Linked to the Clearing of More Than 110,000 Hectares

NGO document
2021-05-03 00:00:00 | Chain Reaction Research
2021-04-28 00:00:00

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
NGO document
2021-04-28 00:00:00 | Rainforest Action Network
2020-12-02 00:00:00

Beef, banks and the Brazilian Amazon

How Brazilian beef companies and their international financiers greenwash their links to Amazon deforestation
NGO document
2020-12-02 00:00:00 | Global Witness
2021-02-26 00:00:00

New BNP Paribas policy on soy and beef is a positive step, but lacks urgency

NGO document
2021-02-26 00:00:00 | Forests & Finance
2021-01-18 00:00:00

The Need for Free, Prior and Informed Consent:

An Evaluation of the Policies and Standard Operating Procedures of Ten Major Corporate Groups involved in Forest-Risk Commodity Supply Chains in Southeast Asia
NGO document
2021-01-18 00:00:00 | Rainforest Action Network
2020-11-25 00:00:00

Forests & Finance Briefing

NGO document
2020-11-25 00:00:00 | Forests & Finance coalition
2020-11-16 00:00:00

Letter to banks and investors on Indofood labor exploitation

NGO document
2020-11-16 00:00:00
2018-12-10 00:00:00

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition

Is Your Money Destroying Rainforests or Violating Rights? (Forests & Finance new data launch 1)

2020-11-16 16:59:02

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

Forests & Finance

Forests & Finance is a searchable database that reveals the finance flowing into commodities driving deforestation and land degradation in Southeast Asia, Central and West Africa, and Brazil. It also includes policy assessments and case studies. BankTrack is part of the Forests & Finance coalition.

Slides of the webinars on the new Forests & Finance data

Download the slides from both webinars, held on September 22, in which the key findings of the new Forests & Finance dataset were presented.

News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Enviva Announces Wood Pellet Mill Closure in Mississippi

2025-02-11 | Dogwood Alliance
BankTrack news BankTrack blog Partner news Partner blog

UK halves subsidies for Drax and says it must use 100% sustainable wood

2025-02-11 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UBS and Santander’s ‘green’ bonds linked to deforesters and rancher accused of slave labour in Brazil

2023-10-17 | Greenpeace Unearthed
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

Company's USD 1 billion “sustainability-linked bond” will allow expansion of Amazon deforestation and massive greenhouse gas emissions, say campaigners
2021-11-03 | BankTrack, Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The money pipeline for deforestation must stop now

2021-11-01 | Friends of the Earth US, Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking centers of Brazil, Indonesia, China, the United States and Japan are bankrolling global deforestation, new analysis finds

More than USD 238 billion in credit has been provided to companies driving tropical deforestation globally since the Paris Climate Agreement
2021-10-29 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase strengthens palm oil policy, but fails to move on fossil fuels, rights, or deforestation more broadly

Urgent action needed on climate and human rights, but fossil fuel’s biggest banker largely maintains business as usual
2021-10-04 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

UOB's new sectoral policies need stronger requirements for forest-risk commodities companies

2021-09-27 | BankTrack, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Brazilian meat company JBS issues "sustainability-linked" bonds: Forests & Finance coalition responds

2021-06-25 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks urged to divest from firms linked to deforestation

China funnelling billions into harmful production of beef, soy and palm oil, says campaign group
2021-06-09 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Under the spotlight: Chinese banks' risky agribusiness portfolio

New Global Witness analysis shows Chinese banks are pouring billions into destructive agribusiness linked to global deforestation, highlighting huge gaps in environmental and social risk management
2021-06-07 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Bucking a long trend of negligence, shareholders urge Bunge to halt deforestation

The vote at the massive soy trader signals greater financier focus on forests
2021-05-10 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

China is world’s second largest financier of deforestation-linked commodities

New study finds significant risk associated with nearly 15 billion USD in loans and underwriting by Chinese financial institutions
2021-05-04 | BankTrack, Forests & Finance, Profundo, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Stock indices let Brazil meatpackers shed ties to deforestation, draw investors

2021-04-22 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Deutsche Bank must end its Sustainability Farce in Central Africa

2021-04-15 | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows

2020-11-16 | Forests & Finance
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