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Home › Campaigns › Banks and Climate › Banks and fossil fuel financing › Banks and oil and gas
Banks and Arctic oil and gas
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Banking on Climate Chaos 2022 - Arctic oil and gas. Photo: Rainforest Action Network (RAN)
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Banking on Climate Chaos 2022 - Arctic oil and gas. Photo: Rainforest Action Network (RAN)

Go to Arctic oil and gas policy table Go to Arctic oil and gas exclusion table

Arctic oil and gas

Arctic oil and gas refers to all oil and gas exploration taking place in Arctic waters. Estimates are that the area north of the Arctic circle contains 6% of the world’s undiscovered conventional oil and about 30% of the undiscovered conventional gas. Drilling in the Arctic is technically difficult due to the harsh winters, long supply lines and sea ice that can damage facilities. There is often also a lack of infrastructure such as roads, villages/cities or pipelines to transport the oil and gas. This makes the break-even price of Arctic oil the highest of all oil types, increasing the financial risks.

The Arctic is at the forefront of the climate crisis, with no other region on the planet heating as fast. Large-scale drilling for oil and gas is another blow to an ecosystem that is already struggling with climate change. One of the most contested areas in the Arctic is the Arctic National Wildlife Refuge in Alaska, which former US President Trump has opened up for drilling. Drilling in the Refuge isn’t just a disaster for the local community of the Gwich’in people, it is also devastating for its fragile ecosystem, where oil spills from blowouts, pipeline leaks, or shipping accidents pose a tremendous risk. Following pressure from the local communities, NGOs and the public, an increasing number of banks have distanced themselves from drilling in the Refuge or the entire Arctic region. In June 2021, US President Biden suspended oil and gas leases for the Refuge pending an environmental review.

Banks and Arctic oil and gas

The severity of the climate crisis requires that banks must urgently take steps to disengage from financing business activities and projects that continue the world's reliance on fossil fuels. Banks must therefore end support for all new Arctic oil and gas projects and implement a full phase-out for financing Arctic oil and gas in line with the Paris climate agreement.

The world’s biggest financier of Arctic oil and gas is BNP Paribas, followed by JPMorgan Chase and UniCredit. 

Bank policies on Arctic oil and gas are assessed below. These assessments follow the methodology of our Banking on Climate Chaos 2022 report, published in March 2022. The details section in the table contains further detail on the exact scoring per bank, as well as an overview of relevant policies. 

See here for banks' exposure to the Arctic oil and gas sector during 2016-2022.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Score
Ranking
Details
ABN AMRO
2020-03-01
NLD
3
Laggard

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0
Netherlands
Profile
Score
Laggard
3
20200301
Last update: 2020-03-01
Explanation

Total: 3 points out of 18

3 points for a strong exclusion of Arctil oil and gas projects: ABN AMRO prohibits direct finance for Arctic oil and gas exploration, production, and supporting services.

See: Policy scores Excel sheet

Relevant policies
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 energy

2018-06-30 00:00:00
Agricultural Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

ANZ
2021-03-24
AUS
0
Laggard

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0
Australia
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Bank of America
2021-03-24
USA
2.5
Laggard

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0
United States
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 point out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Bank of America conducts enhanced due diligence for Arctic-related transactions.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-02-05 00:00:00

Environmental and social risk policy framework out of date

2021-02-05 00:00:00
Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Bank of Communications
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Bank of Montreal (BMO)
2021-03-24
CAN
1
Laggard

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0
Canada
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 18

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

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-03-09 00:00:00

Responsible lending policies

[Date listed represents date as accessed on website]
2020-03-09 00:00:00
References
2020-10-22

GTC and VGG Respond to BMO Policy Update: Bank of Montreal Will Not Finance Drilling in the Arctic National Wildlife Refuge

2020-10-22 | Gwich'in Tribal Council
Barclays
2021-03-24
GBR
4
Laggard

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0
United Kingdom
Profile
Score
Laggard
4
20210324
Last update: 2021-03-24
Explanation

Total: 4 points out of 18

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

2 points for a weak exclusion threshold regarding Arctic oil and gas companies: Barclays will not provide any financing to companies primarily engaged in oil and gas exploration and production operations or plans in the Arctic Circle, including but not limited to the ANWR.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-04-30 00:00:00

Position on climate change out of date

2020-04-30 00:00:00
BBVA
2021-03-24
ESP
3
Laggard

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0
Spain
Profile
Score
Laggard
3
20210324
Last update: 2021-03-24
Explanation

Total: 3 points out of 18

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

See: Policy scores Excel sheet

BNP Paribas
2021-03-24
FRA
7
Follower

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0
France
Profile
Score
Follower
7
20210324
Last update: 2021-03-24
Explanation

Total: 7 points out of 18

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

4 points for a moderate exclusion threshold for Arctic oil and gas companies: BNP Paribas prohibits financing for companies (a) for which unconventional oil and gas (including Arctic oil and gas) is a significant part of their reserves, (b) for which unconventional oil and gas accounts for a significant share of revenue, or (c) which own or operate pipelines or LNG terminals with a significant volume of unconventional oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policies
2017-12-19 00:00:00

Unconventional Oil and Gas - Sector Policy

2017-12-19 00:00:00
Caixabank
2020-03-01
ESP
2
Laggard

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0
Spain
Profile
Score
Laggard
2
20200301
Last update: 2020-03-01
Explanation

Total: 2 points out of 18

2 points for a moderate exclusion of Arctic oil and gas projects: CaixaBank prohibits any project-related financing "involving oil and gas exploration or production in the arctic region." This policy does not cover infrastructure in the region.

See: Policy scores Excel sheet

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

Environmental risk management policy

2019-02-28 00:00:00
Canadian Imperial Bank of Commerce (CIBC)
2021-03-24
CAN
3
Laggard

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0
Canada
Profile
Score
Laggard
3
20210324
Last update: 2021-03-24
Explanation

Total: 3 points out of 18

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

2 points for a weak exclusion threshold for Arctic oil and gas companies: CIBC will not directly finance companies that are involved in exploration or development related to oil and gas in the Arctic National Wildlife Refuge (ANWR).

See: Policy scores Excel sheet

China CITIC Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

China Construction Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

China Everbright Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

China Merchants Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

China Minsheng Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Citi
2021-03-24
USA
2.5
Laggard

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0
United States
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 point out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Citi conducts enhanced due diligence for "project-related lending to frontier exploration and development," which includes "Arctic exploration and production."

See: Policy scores Excel sheet

Commerzbank AG
2021-03-24
DEU
2
Laggard

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0
Germany
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

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

See: Policy scores Excel sheet

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
Commonwealth Bank of Australia
2021-03-24
AUS
2.5
Laggard

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0
Australia
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Commonwealth Bank explicitly requires that new oil and gas projects, including Arctic oil and gas projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-11-14 00:00:00

Environmental and Social Framework out of date

2019-11-14 00:00:00
Crédit Agricole
2021-03-24
FRA
2.5
Laggard

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0
France
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Crédit Agricole conducts enhanced due diligence for Arctic oil and gas companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2017-12-31 00:00:00

CSR Sector Policy - Oil & Gas

2017-12-31 00:00:00
Crédit Mutuel
2021-03-24
FRA
4.5
Laggard

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0
France
Profile
Score
Laggard
4.5
20210324
Last update: 2021-03-24
Explanation

Total: 4.5 points out of 18

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

1.5 points for the commitment to reduce financing for Arctic oil and gas companies: Crédit Mutuel will prohibit financing to companies which derive a significant proportion of their revenues from the exploration or production of Arctic oil and gas.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-02-20 00:00:00

Credit Mutuel 2019 results

2020-02-20 00:00:00
Credit Suisse Group
2021-03-24
CHE
3
Laggard

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0
Switzerland
Profile
Score
Laggard
3
20210324
Last update: 2021-03-24
Explanation

Total: 3 point out of 18

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

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-08-01 00:00:00

Sector Policies and Guidelines out of date

2020-08-01 00:00:00
Danske Bank
2021-03-25
DNK
4
Laggard

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0
Denmark
Profile
Score
Laggard
4
20210325
Last update: 2021-03-25
Explanation

Total: 4 points out of 18

4 points for a moderate exclusion threshold for Arctic oil and gas companies: Danske Bank does not provide financial services to companies that generate more than 5% of their revenues from frontier (including Arctic) oil and gas exploration and production. A company may be exempted from this threshold if it "can demonstrate their commitment, and ability, to phase-out the use and production of fossil fuels in alignment with the 2015 Paris Agreement." The exemption rule does not apply to companies that generate more than 15% of their revenue from the Barents Sea in the Arctic.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-25 00:00:00

Position Statement on Fossil Fuels

2021-03-25 00:00:00
DBS Bank
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
Laggard
0
20200301
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Deutsche Bank
2021-03-24
DEU
2.5
Laggard

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0
Germany
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 point out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Deutsche Bank has enhanced due diligence for Arctic oil and gas exploration.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-27 00:00:00

Environmental and Social Policy Framework

2020-07-27 00:00:00
References
2020-7-27

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-7-27 | urgewald
DNB
2021-02-01
NOR
0
Laggard

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0
Norway
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

DZ Bank
2021-03-24
DEU
0
Laggard

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0
Germany
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Goldman Sachs
2021-03-24
USA
2.5
Laggard

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0
United States
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Goldman Sachs conducts enhanced due diligence "for transactions relating to Arctic oil."

See: Policy scores Excel sheet

Relevant policies
csr policies
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
2022-01-25 00:00:00
HSBC
2021-03-24
GBR
2
Laggard

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0
United Kingdom
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

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

See: Policy scores Excel sheet

Industrial and Commercial Bank of China (ICBC)
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Industrial Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

ING
2021-03-24
NLD
5
Follower

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0
Netherlands
Profile
Score
Follower
5
20210324
Last update: 2021-03-24
Explanation

Total: 5 points out of 18

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

4 points for a moderate exclusion threshold for Arctic oil and gas companies: ING prohibits financing for companies >30% reliant on offshore Arctic oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-07-01 00:00:00

Environmental and Social Risk Framework out of date

2019-07-01 00:00:00
Intesa Sanpaolo
2021-07-29
ITA
7
Follower

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0
Italy
Profile
Score
Follower
7
20210729
Last update: 2021-07-29
Explanation

Total: 7 points out of 18

2 points for a moderate exclusion for Arctic oil & gas projects: Intesa Sanpaolo will not provide financial products and services to projects aimed at the development, construction and expansion of exploration and extraction activities relating to Arctic oil & gas (onshore and offshore), as well as activities relating to transport infrastructures solely linked to exploration and extraction of Arctic oil & gas. The exclusion only applies to lending, not underwriting.

2 points for a weak exclusion threshold: Intesa Sanpaolo excludes "companies with significant revenues from unconventional resources". The exclusion only applies to lending, not underwriting.

3 points for a weak phase-out for Arctic oil & gas: Intesa Sanpaolo will terminate its exposure linked to Arctic oil & gas (onshore and offshore) by 2030. This only applies to lending, not underwriting.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-07-29 00:00:00

Rules for lending operations in the unconventional oil&gas sector

2021-07-29 00:00:00
JPMorgan Chase
2021-03-24
USA
3.5
Laggard

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0
United States
Profile
Score
Laggard
3.5
20210324
Last update: 2021-03-24
Explanation

Total: 3.5 points out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: JPMorgan Chase conducts enhanced due diligence for transactions "within the broader Arctic region."

See: Policy scores Excel sheet

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

Environmental and social policy framework out of date

2020-02-25 00:00:00
Jyske Bank
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

KBC
2021-11-03
BEL
3
Laggard

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0
Belgium
Profile
Score
Laggard
3
20211103
Last update: 2021-11-03
Explanation

Total: 3 points out of 18

1 point for a weak exclusion of Arctic oil and gas projects: KBC prohibits financing for exploration and development projects, but not infrastructure.

2 points for a weak exclusion threshold for Arctic oil and gas companies: KBC prohibits financing for "specialist companies that are only active in the development and extraction of oil and gas fields," which includes some Arctic oil and gas companies.

See: Policy scores Excel sheet

 

Relevant policies
csr policies
2021-11-01 00:00:00

Energy credit, insurance and advisory services policy

2021-11-01 00:00:00
Lloyds Banking Group
2021-03-24
GBR
2
Laggard

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0
United Kingdom
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

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

See: Policy scores Excel sheet

Mitsubishi UFJ Financial Group (MUFG)
2021-03-24
JPN
0.5
Laggard

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0
Japan
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 18

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: MUFG conducts enhanced due diligence when it considers providing finance for the extraction of new oil and gas in the Arctic Region.

See: Policy scores Excel sheet

Mizuho
2021-03-24
JPN
0
Laggard

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0
Japan
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Morgan Stanley
2021-03-24
USA
2.5
Laggard

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0
United States
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 point out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Morgan Stanley conducts enhanced due diligence for transactions related to Arctic oil and gas development.

See: Policy scores Excel sheet

National Australia Bank
2021-03-24
AUS
1
Laggard

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0
Australia
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 18

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

See: Policy scores Excel sheet

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

Sustainability report 2019

2019-09-30 00:00:00
Natixis
2021-03-24
FRA
2
Laggard

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0
France
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

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

See: Policy scores Excel sheet

Relevant policies
csr policies
2018-11-23 00:00:00

ESR Sector Policy - Oil and Gas

2018-11-23 00:00:00
NatWest
2021-03-24
GBR
2.5
Laggard

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0
United Kingdom
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: NatWest conducts enhanced due diligence for ''companies conducting oil exploration and production operations in Arctic (including the Arctic National Wildlife Refuge) and Antarctic areas- without reliable evidence of appropriate environmental and health and safety policies and procedures for operating in these regions.''

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policies
2020-07-31 00:00:00

Oil & gas sector policy

2020-07-31 00:00:00
Nedbank Group
2021-04-22
ZAF
0
Laggard

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0
South Africa
Profile
Score
Laggard
0
20210422
Last update: 2021-04-22
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Nordea
2021-09-09
FIN
3.5
Laggard

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0
Finland
Profile
Score
Laggard
3.5
20210909
Last update: 2021-09-09
Explanation

Total: 3.5 points out of 18

1.5 point for a reduction in financing for Arctic oil & gas companies: Nordea commits to reduce financing for or credit exposure to companies with Arctic oil and gas operations. Definition of Arctic too narrow to score a weak phase-out. Policy covers only offshore, not onshore drilling.

2 points for a weak exclusion threshold for Arctic oil & gas companies: Nordea applies a 5% revenue threshold which would earn strong exclusion, but  uses a very narrow definition of the Arctic and only covers offshore not onshore drilling.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-09-09 00:00:00

Sector Guideline for the Fossil Fuel based Industries

2021-09-09 00:00:00
Nykredit
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
Laggard
0
20200301
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Ping An Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Postal Savings Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Rabobank
2021-03-24
NLD
1
Laggard

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0
Netherlands
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 18

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

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-08-27 00:00:00

Sustainability Policy Framework out of date

2019-08-27 00:00:00
Royal Bank of Canada (RBC)
2021-03-24
CAN
1.5
Laggard

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0
Canada
Profile
Score
Laggard
1.5
20210324
Last update: 2021-03-24
Explanation

Total: 1.5 point out of 18

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

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: RBC conducts enhanced due diligence for Arctic-related transactions.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
References
2020-10-2

Royal Bank of Canada Recognizes that Drilling in the Arctic National Wildlife Refuge is Bad Business

2020-10-2 | Vuntut Gwitchin Government and Gwich’in Tribal Council
2020-10-2

RBC becomes the first Canadian bank to rule out funding for Arctic Refuge drilling

2020-10-2 | Canadian Parks & Wilderness Society - Yukon Chapter
Santander
2021-03-24
ESP
7
Follower

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0
Spain
Profile
Score
Follower
7
20210324
Last update: 2021-03-24
Explanation

Total: 7 points out of 18

3 points for a strong exclusion of Arctic oil and gas projects: Santander prohibits financing for all Arctic oil and gas production and infrastructure projects, onshore and offshore.

4 points for a moderate exclusion threshold for Arctic oil and gas companies: Santander prohibits financing for exploration and production companies where Arctic oil & gas represents more than 30% of their activity.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-01-21 00:00:00

Energy sector policy out of date

2020-01-21 00:00:00
Sberbank
2021-03-24
RUS
0
Laggard

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0
Russian Federation
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Scotiabank
2021-03-24
CAN
2
Laggard

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0
Canada
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

2 points for a moderate exclusion of Arctic oil and gas projects: Scotiabank excludes "direct financing or project-specific financial and advisory services for activities that are directly related to the exploration, development or production of oil and gas within the Arctic Circle, including the Arctic National Wildlife Refuge". The policy does not mention infrastructure.

See: Policy scores Excel sheet

Shanghai Pudong Development Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Shinhan Financial Group
2021-03-24
KOR
0
Laggard

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0
South Korea
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
7
Follower

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0
Sweden
Profile
Score
Follower
7
20210201
Last update: 2021-02-01
Explanation

Total: 7 points out of 18

3 points for a strong exclusion of Arctic oil and gas projects: SEB will not provide finance for exploration or production of Arctic oil and gas.

4 points for a moderate exclusion threshold for Arctic oil and gas companies: SEB will not provide financial services to companies with a revenue share of more than 5% originating from oil and gas related activities in environmentally sensitive areas, including the Arctic. A threshold of 15% is applied for companies that explore and produce Arctic oil and/or gas on the Norwegian Continental Shelf (NCS).

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00
Sparebank 1 SR-Bank
2021-02-01
NOR
0
Laggard

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0
Norway
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Standard Chartered
2021-03-24
GBR
3
Laggard

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0
United Kingdom
Profile
Score
Laggard
3
20210324
Last update: 2021-03-24
Explanation

Total: 3 points out of 18

3 points for a strong exclusion of Arctic oil and gas projects: Standard Chartered's prohibition on direct financing for "new or existing Arctic exploration and/or production activities" also covers Arctic-related infrastructure.

See: Policy scores Excel sheet

State Bank of India
2021-03-24
IND
0
Laggard

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0
India
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Sumitomo Mitsui Banking Corporation (SMBC)
2021-03-24
JPN
0.5
Laggard

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0
Japan
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 18

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: SMBC conducts enhanced due diligence when considering lending for mining projects in the Arctic Circle.

See: Policy scores Excel sheet

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

Revision of ESG financing policies

2020-04-16 00:00:00
Sumitomo Mitsui Trust Holdings
2021-03-24
JPN
0
Laggard

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0
Japan
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Svenska Handelsbanken
2021-02-01
SWE
0.5
Laggard

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0
Sweden
Profile
Score
Laggard
0.5
20210201
Last update: 2021-02-01
Explanation

Total: 0.5 point out of 18

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Svenska Handelsbanken conducts enhanced due diligence when it comes to companies that are involved in the extraction of unconventional fossil fuels or particularly high-risk extraction, including the Arctic.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-05-11 00:00:00

Environment and climate change guidelines out of date

2020-05-11 00:00:00
Swedbank
2021-02-01
SWE
1
Laggard

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0
Sweden
Profile
Score
Laggard
1
20210201
Last update: 2021-02-01
Explanation

Total: 1 point out of 18

1 point for a weak exclusion of Arctic oil and gas projects: Swedbank will not directly finance unconventional fossil fuel production such as Arctic oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-26 00:00:00

Position Statement Climate Change out of date

2021-01-26 00:00:00
Sydbank
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

TD
2021-03-24
CAN
2
Laggard

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0
Canada
Profile
Score
Laggard
2
20210324
Last update: 2021-03-24
Explanation

Total: 2 points out of 18

2 points for a moderate exclusion of Arctic oil and gas projects: TD will not provide new project-specific financial services for exploration, development, or production of oil and gas within the Arctic Circle. It does not mention infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

2020-11-03 00:00:00
References
2020-11-9

TD commits to ambitious climate action plan

2020-11-9 | TD
2020-11-9

TD is Latest Financial Institution to Pledge Net-Zero Emissions by 2050

2020-11-9 | Sierra Club
Truist Financial Corporation
2021-03-24
USA
0
Laggard

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0
United States
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

UBS
2021-05-03
CHE
3
Laggard

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0
Switzerland
Profile
Score
Laggard
3
20210503
Last update: 2021-05-03
Explanation

Total: 3 points out of 18

1 point for a weak exclusion of Arctic oil and gas projects: UBS prohibits financing for "new offshore oil projects in the Arctic."

2 points for a weak exclusion threshold for Arctic oil and gas companies: UBS prohibits financing for companies with ">20% of reserves or production" in Arctic oil, unless they have ''a transition plan that aligns with the goals of the Paris Agreement'' or if the transaction relates to ''renewable energy or clean technology''.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

2021-05-03 00:00:00
UniCredit Group
2021-03-24
ITA
4
Laggard

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0
Italy
Profile
Score
Laggard
4
20210324
Last update: 2021-03-24
Explanation

Total: 4 points out of 18

2 points for a moderate exclusion of Arctic oil and gas projects: UniCredit prohibits financing for Arctic oil extraction projects, onshore and offshore, and Arctic offshore gas extraction projects only, as well as "pipelines and other infrastructure SOLELY related" to onshore and offshore Arctic oil or offshore Arctic gas.

2 points for a weak exclusion threshold for Arctic oil and gas companies: UniCredit requires new and existing clients to get ≤25% of their revenue from onshore and offshore Arctic oil and/or offshore Arctic gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-11-27 00:00:00

Arctic and Non-Conventional Oil & Gas Industry Sector Policy out of date

2019-11-27 00:00:00
United Overseas Bank
2021-03-24
SGP
0
Laggard

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0
Singapore
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

US Bancorp
2021-03-24
USA
2.5
Laggard

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0
United States
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 18

2 points for a moderate exclusion of Arctic oil and gas companies: U.S. Bank does not provide project financing of long-term infrastructure or industrial projects, which would include Arctic oil and gas extraction and infrastructure. This prohibition does not appear to cover all forms of direct financing for these projects, and so is assessed as "moderate."

0.5 points for enhanced due diligence regarding Arctic oil and gas companies: U.S. Bank conducts enhanced due diligence for Arctic oil-related transactions.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2021-03-24
USA
1.5
Laggard

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Function: require_once

0
United States
Profile
Score
Laggard
1.5
20210324
Last update: 2021-03-24
Explanation

Total: 1.5 points out of 18

1 point for a weak exclusion of Arctic oil and gas projects: Wells Fargo prohibits "Equator Principles in-scope transactions in the Alaskan Arctic region" only.

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Wells Fargo conducts enhanced due diligence "for clients that have operations in Alaska/Arctic."

See: Policy scores Excel sheet

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

Environmental and Social Risk Management Framework

2018-06-30 00:00:00
Westpac
2021-03-24
AUS
1
Laggard

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0
Australia
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 18

1 point for a weak exclusion of Arctic oil and gas projects: Westpac does not provide project finance for oil and gas exploration in high risk frontier basins such as Arctic and Antarctic refuges. Only exploration mentioned in this policy.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points

 

Banks excluding finance for Arctic oil and gas

A number of banks have already taken steps to fully or partially exclude Arctic oil and gas projects or companies involved in Arctic oil and gas operations from their investments. The table below lists banks that have taken such steps. Note that this is not a complete overview of all banks excluding Arctic oil and gas; additional banks will be added in due time. 

Exclusion table Arctic oil and gas

BankLast update
Country
Project
Company
Details
ABN AMRO
2020-03-01
NLD
1000
Netherlands
Profile
Project
4
Company
20200301
Last update: 2020-03-01
Explanation

ABN AMRO prohibits direct finance for Arctic oil and gas exploration, production, and supporting services.

See: Policy scores Excel sheet

Relevant policies
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 energy

2018-06-30 00:00:00
Bank of America
2021-03-24
USA
-10
United States
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Bank of America prohibits direct financing of petroleum exploration or production activities in the Arctic, including both oil and gas development. The prohibition does not cover Arctic oil and gas-related infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-02-05 00:00:00

Environmental and social risk policy framework out of date

2021-02-05 00:00:00
Bank of Montreal (BMO)
2021-03-24
CAN
-10
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

BMO intends to exclude direct finance for exploration and development projects in the Arctic National Wildlife Refuge (ANWR). It does not mention infrastructure, the policy is restricted to the ANWR and the bank only expressed its "intention" to exclude project finance.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-03-09 00:00:00

Responsible lending policies

[Date listed represents date as accessed on website]
2020-03-09 00:00:00
References
2020-10-22

GTC and VGG respond to BMO policy update: Bank of Montreal will not finance drilling in the Arctic National Wildlife Refuge

2020-10-22 | Gwich'in Tribal Council
Barclays
2021-03-24
GBR
-11
United Kingdom
Profile
Project
0.5
Company
20210324
Last update: 2021-03-24
Explanation

Barclays will not directly finance oil and gas projects in the Arctic Circle, including but not limited to the ANWR. Its policy does not mention infrastructure.

Barclays does not provide any financing to companies primarily engaged in oil and gas exploration and production operations or plans in the Arctic Circle, including but not limited to the ANWR.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-04-30 00:00:00

Position on climate change out of date

2020-04-30 00:00:00
BBVA
2021-03-24
ESP
1000
Spain
Profile
Project
3
Company
20210324
Last update: 2021-03-24
Explanation

BBVA prohibits financing for Arctic oil and gas exploration, production and transportation projects.

See: Policy scores Excel sheet

BNP Paribas
2021-03-24
FRA
-11
France
Profile
Project
Company
8
20210324
Last update: 2021-03-24
Explanation

BNP Paribas only prohibits financing for offshore Arctic oil and gas exploration and production projects, as well as pipelines and LNG terminals related to offshore Arctic oil and gas only.

BNP Paribas prohibits financing for companies (a) for which unconventional oil and gas (including Arctic oil and gas) is a significant part of their reserves, (b) for which unconventional oil and gas accounts for a significant share of revenue, or (c) which own or operate pipelines or LNG terminals with a significant volume of unconventional oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policies
2017-12-19 00:00:00

Unconventional Oil and Gas - Sector Policy

2017-12-19 00:00:00
Caixabank
2022-05-31
ESP
1000
Spain
Profile
Project
3
Company
20220531
Last update: 2022-05-31
Explanation

CaixaBank prohibits any project-related financing "involving oil and gas exploration or production in the Arctic region." This policy does not cover infrastructure in the region.

CaixaBank's new policy states that ''Oil and gas exploration, production or transport projects in the Arctic region, including transport infrastructure that will be used to transport oil and gas, a significant percentage of which is from Arctic regions'' will be excluded.

 

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

Environmental risk management policy

2019-02-28 00:00:00
Canadian Imperial Bank of Commerce (CIBC)
2021-03-24
CAN
-1
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

CIBC will not directly finance companies that are involved in exploration or development related to oil and gas in the Arctic National Wildlife Refuge (ANWR).

See: Policy scores Excel sheet

Citi
2021-03-24
USA
-10
United States
Profile
Project
0.5
Company
20210324
Last update: 2021-03-24
Explanation

Citigroup does not provide project-related financing for oil and gas exploration and production in the Arctic Circle. Its policy does not mention infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-03-15 00:00:00

Environmental and Social Policy Framework out of date

2021-03-15 00:00:00
Commerzbank AG
2021-03-24
DEU
-10
Germany
Profile
Project
3
Company
20210324
Last update: 2021-03-24
Explanation

Commerzbank prohibits project financing related to the extraction of oil and gas in the Arctic. The policy does not mention infrastructure.

See: Policy scores Excel sheet

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
Commonwealth Bank of Australia
2021-03-24
AUS
-10
Australia
Profile
Project
3.5
Company
20210324
Last update: 2021-03-24
Explanation

Commonwealth Bank prohibits project finance for oil and gas exploration and development in the Arctic. There is no prohibition on pipelines, LNG terminals in the Arctic, or other infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-11-14 00:00:00

Environmental and Social Framework out of date

2019-11-14 00:00:00
Crédit Agricole
2021-03-24
FRA
-10
France
Profile
Project
5
Company
20210324
Last update: 2021-03-24
Explanation

Crédit Agricole prohibits oil projects in the Arctic, but the exclusion does not cover gas.

See: Policy scores Excel sheet

Relevant policies
csr policies
2017-12-31 00:00:00

CSR Sector Policy - Oil & Gas

2017-12-31 00:00:00
Crédit Mutuel
2021-03-24
FRA
1000
France
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Crédit Mutuel prohibits financing for the exploration, production, transport infrastructure of oil and gas extracted in the Arctic.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-02-20 00:00:00

Credit Mutuel 2019 results

2020-02-20 00:00:00
Credit Suisse Group
2021-03-24
CHE
1100
Switzerland
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Credit Suisse will not finance offshore or onshore oil or gas projects in the Arctic region. This includes upstream exploration, development and production, as well as midstream and downstream operations. 

Credit Suisse has set specific deadlines for Arctic oil and gas exclusions:

June 2022: Credit Suisse will not provide lending or capital markets underwriting globally to any company that derives more than 25% of revenues from Arctic Oil & Gas extraction (unless supporting transition).

2025 Credit Suisse will not provide lending or capital markets underwriting globally to any company that derives more than 15% of revenues from Arctic Oil & Gas extraction (unless supporting transition).

2030 Credit Suisse will not provide lending or capital markets underwriting globally to any company that derives more than 10% of revenues from Arctic Oil & Gas extraction (unless supporting transition).

2035 Credit Suisse will not provide lending or capital markets underwriting globally to any company that derives more than 5% of revenues from Arctic Oil & Gas extraction (unless supporting transition).

Relevant policies
csr policies
2022-04-27 00:00:00

Summary of Credit Suisse’s Sector Policies and Guidelines 2022

2022-04-27 00:00:00
Danske Bank
2021-03-25
DNK
-1
Denmark
Profile
Project
Company
20210325
Last update: 2021-03-25
Explanation

Danske Bank does not provide financial services to companies that generate more than 5% of their revenues from frontier (including Arctic) oil and gas exploration and production. A company may be exempted from this threshold if it "can demonstrate their commitment, and ability, to phase-out the use and production of fossil fuels in alignment with the 2015 Paris Agreement." The exemption rule does not apply to companies that generate more than 15% of their revenue from the Barents Sea in the Arctic.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-25 00:00:00

Position Statement on Fossil Fuels

2021-03-25 00:00:00
Deutsche Bank
2021-03-24
DEU
-10
Germany
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

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

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-27 00:00:00

Environmental and Social Policy Framework

2020-07-27 00:00:00
References
2020-7-27

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-7-27 | urgewald
Goldman Sachs
2021-03-24
USA
-10
United States
Profile
Project
3.5
Company
20210324
Last update: 2021-03-24
Explanation

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

See: Policy scores Excel sheet

Relevant policies
csr policies
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
2022-01-25 00:00:00
HSBC
2021-03-24
GBR
-10
United Kingdom
Profile
Project
3
Company
20210324
Last update: 2021-03-24
Explanation

HSBC prohibits direct finance for new offshore Arctic oil and gas projects. The policy does not cover existing projects. 

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-04-23 00:00:00

Energy policy

2020-04-23 00:00:00
ING
2021-03-24
NLD
-11
Netherlands
Profile
Project
5
Company
20210324
Last update: 2021-03-24
Explanation

ING prohibits financing for "Arctic offshore oil and gas exploration and production" projects.

ING prohibits financing for companies >30% reliant on offshore Arctic oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-07-01 00:00:00

Environmental and Social Risk Framework out of date

2019-07-01 00:00:00
Intesa Sanpaolo
2021-07-29
ITA
-11
Italy
Profile
Project
Company
20210729
Last update: 2021-07-29
Explanation

Intesa Sanpaolo will not provide financial products and services to projects aimed at the development, construction and expansion of exploration and extraction activities relating to Arctic oil & gas (onshore and offshore), as well as activities relating to transport infrastructures solely linked to exploration and extraction of Arctic oil & gas. The exclusion only applies to lending, not underwriting.

Intesa Sanpaolo excludes "companies with significant revenues from unconventional resources". The exclusion only applies to lending, not underwriting.

Relevant policies
csr policies
2021-07-29 00:00:00

Rules for lending operations in the unconventional oil&gas sector

2021-07-29 00:00:00
JPMorgan Chase
2021-03-24
USA
1000
United States
Profile
Project
4.5
Company
20210324
Last update: 2021-03-24
Explanation

JPMorgan Chase prohibits financing for "upstream, midstream or downstream greenfield oil and gas development in the Arctic."

See: Policy scores Excel sheet

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

Environmental and social policy framework out of date

2020-02-25 00:00:00
KBC
2021-11-03
BEL
0
Belgium
Profile
Project
Company
20211103
Last update: 2021-11-03
Explanation

KBC prohibits financing for Arctic oil and gas exploration and development projects, but not infrastructure.

KBC prohibits financing for "specialist companies that are only active in the development and extraction of oil and gas fields," which includes some Arctic oil and gas companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-11-01 00:00:00

Energy credit, insurance and advisory services policy

2021-11-01 00:00:00
Lloyds Banking Group
2021-03-24
GBR
-10
United Kingdom
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Lloyds Banking Group does not finance oil or gas exploration and production projects in the Arctic (including the Arctic National Wildlife Refuge) region or Antarctic territories.

See: Policy scores Excel sheet

Morgan Stanley
2021-03-24
USA
-10
United States
Profile
Project
0.5
Company
20210324
Last update: 2021-03-24
Explanation

Morgan Stanley does not directly finance new oil and gas exploration and development in the Arctic, including the Arctic National Wildlife Refuge (ANWR). Its policy does not mention infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-12-31 00:00:00

Environmental and social policy statement

2020-12-31 00:00:00
National Australia Bank
2021-03-24
AUS
-10
Australia
Profile
Project
1.5
Company
20210324
Last update: 2021-03-24
Explanation

NAB prohibits financing for "oil and gas projects within or impacting the Arctic National Wildlife Refuge." This is considered a weak exclusion policy.

See: Policy scores Excel sheet

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

Sustainability report 2019

2019-09-30 00:00:00
Natixis
2021-03-24
FRA
-10
France
Profile
Project
3
Company
20210324
Last update: 2021-03-24
Explanation

Natixis prohibits direct finance for Arctic oil exploration and production. This does not cover infrastructure. 

See: Policy scores Excel sheet

Relevant policies
csr policies
2018-11-23 00:00:00

ESR Sector Policy - Oil and Gas

2018-11-23 00:00:00
NatWest
2021-03-24
GBR
-10
United Kingdom
Profile
Project
3.5
Company
20210324
Last update: 2021-03-24
Explanation

NatWest does not finance projects involving oil exploration and production operations in Arctic (including the Arctic National Wildlife Refuge) or Antarctic areas.

See: Policy scores Excel sheet

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

Oil & gas sector policy

2020-07-31 00:00:00
Nordea
2021-09-09
FIN
-1
Finland
Profile
Project
Company
20210909
Last update: 2021-09-09
Explanation

Nordea commits to reduce financing for or credit exposure to companies with Arctic oil and gas operations. Definition of Arctic too narrow to score a weak phase-out. Policy covers only offshore, not onshore drilling.

Nordea applies a 5% revenue threshold which would earn strong exclusion, but  uses a very narrow definition of the Arctic and only covers offshore not onshore drilling.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-09-09 00:00:00

Sector Guideline for the Fossil Fuel based Industries

2021-09-09 00:00:00
Rabobank
2021-03-24
NLD
-10
Netherlands
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Rabobank prohibits financing of offshore oil and gas exploration and production in the Arctic region, this does not include onshore exploration and production.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-08-27 00:00:00

Sustainability Policy Framework out of date

2019-08-27 00:00:00
Royal Bank of Canada (RBC)
2021-03-24
CAN
-10
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

RBC will not provide direct financing for any project or transaction that involves exploration or development in the Arctic National Wildlife Refuge (ANWR). RBC does not mention infrastructure in this policy, and does not rule out financing projects in the rest of the Arctic region.  

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
References
2020-10-2

RBC becomes the first Canadian bank to rule out funding for Arctic Refuge drilling

2020-10-2 | Canadian Parks & Wilderness Society - Yukon Chapter
2020-10-2

Royal Bank of Canada Recognizes that Drilling in the Arctic National Wildlife Refuge is Bad Business

2020-10-2 | Vuntut Gwitchin Government and Gwich’in Tribal Council
Santander
2021-03-24
ESP
999
Spain
Profile
Project
4
Company
20210324
Last update: 2021-03-24
Explanation

Santander prohibits financing for all Arctic oil and gas production and infrastructure projects, onshore and offshore.

Santander prohibits financing for exploration and production companies where Arctic oil & gas represents more than 30% of their activity.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-01-21 00:00:00

Energy sector policy out of date

2020-01-21 00:00:00
Scotiabank
2021-03-24
CAN
-10
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Scotiabank prohibits "direct financing or project-specific financial and advisory services for activities that are directly related to the exploration, development or production of oil and gas within the Arctic Circle, including the Arctic National Wildlife Refuge."

See: Policy scores Excel sheet

Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
999
Sweden
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

SEB will not provide finance for exploration or production of Arctic oil and gas.

SEB will not provide financial services to companies with a revenue share of more than 5% originating from oil and gas related activities in environmentally sensitive areas, including the Arctic. A threshold of 15% is applied for companies that explore and produce Arctic oil and/or gas on the Norwegian Continental Shelf (NCS).

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00
Société Générale
2021-03-24
FRA
90
France
Profile
Project
5
Company
20210324
Last update: 2021-03-24
Explanation

Société Générale prohibits financing for all Arctic oil exploration and production projects, as well as for "infrastructures exclusively dedicated to the transport or storage of [...] Arctic oil." This policy does not cover Arctic gas.

Société Générale also excludes new transactions dedicated to the exploration and production of Arctic oil, it excludes pure upstream players for which the above resources represent more than 30% of their overall production and it excludes diversified players (upstream, midstream, downstream) for which exploration and production of Arctic oil represent more than 30% of their revenues.

Relevant policies
csr policiesprivate
2018-05-18 00:00:00

Sector policy oil and gas out of date

2018-05-18 00:00:00
Standard Chartered
2021-03-24
GBR
1000
United Kingdom
Profile
Project
4
Company
20210324
Last update: 2021-03-24
Explanation

Standard Chartered's prohibition on direct financing for "new or existing Arctic exploration and/or production activities" also covers Arctic-related infrastructure.

See: Policy scores Excel sheet

Swedbank
2021-02-01
SWE
-10
Sweden
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

Swedbank will not directly finance unconventional fossil fuel production such as Arctic oil and gas.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-26 00:00:00

Position Statement Climate Change out of date

2021-01-26 00:00:00
TD
2021-03-24
CAN
-10
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

TD will not provide new project-specific financial service for exploration, development, or production of oil and gas within the Arctic Circle. It does not mention infrastructure.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

2020-11-03 00:00:00
References
2020-11-9

TD is Latest Financial Institution to Pledge Net-Zero Emissions by 2050

2020-11-9 | Sierra Club
UBS
2021-05-03
CHE
-11
Switzerland
Profile
Project
3.5
Company
20210503
Last update: 2021-05-03
Explanation

UBS prohibits financing for "new offshore oil projects in the Arctic."

UBS prohibits financing for companies with ">20% of reserves or production" in Arctic oil, unless they have ''a transition plan that aligns with the goals of the Paris Agreement'' or if the transaction relates to ''renewable energy or clean technology''.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

2021-05-03 00:00:00
UniCredit Group
2021-03-24
ITA
-11
Italy
Profile
Project
5
Company
20210324
Last update: 2021-03-24
Explanation

UniCredit prohibits financing for Arctic oil extraction projects, onshore and offshore, and Arctic offshore gas extraction projects only, as well as "pipelines and other infrastructure SOLELY related" to onshore and offshore Arctic oil or offshore Arctic gas.

UniCredit requires new and existing clients to get ≤25% of their revenue from onshore and offshore Arctic oil and/or offshore Arctic gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-11-27 00:00:00

Arctic and Non-Conventional Oil & Gas Industry Sector Policy out of date

2019-11-27 00:00:00
US Bancorp
2021-03-24
USA
-10
United States
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

U.S. Bank does not provide project financing of long-term infrastructure or industrial projects, which would include Arctic oil and gas extraction and infrastructure. This prohibition does not appear to cover all forms of direct financing for these projects, and so is assessed as "moderate."

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2021-03-24
USA
-10
United States
Profile
Project
3.5
Company
20210324
Last update: 2021-03-24
Explanation

Wells Fargot prohibits "Equator Principles in-scope transactions in the Alaskan Arctic region".

See: Policy scores Excel sheet

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

Environmental and Social Risk Management Framework

2018-06-30 00:00:00
Westpac
2021-03-24
AUS
-10
Australia
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Westpac does not provide project finance for oil and gas exploration in high risk frontier basins such as Arctic and Antarctic refuges. Only exploration mentioned in its policy.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00
Explanation

This table lists banks that have adopted a full ( ) or partial ( ) exclusion policy for Arctic oil and gas projects and/or companies. Click on 'Details' for the rationale of this assessment for each bank.

 

Feedback welcome

Our policy assessments are always a work in progress and we very much welcome any feedback, especially from banks included in them. You can of course also contact us for more information on specific scores and the latest policy changes. Please get in touch at climate@banktrack.org.

News

| |
Type:
Year:
blog
external news
our news

UniCredit shareholders’ meeting: on climate ambition there is still a long way to go

Once again, the Italian bank holds its shareholders' meeting behind closed doors, without debate and with little media visibility.
2022-04-08 | ReCommon
blog
external news
our news

Italy freezes loan for Russian Arctic LNG 2 plant - sources

2022-03-02 | Reuters
blog
external news
our news

SACE and Intesa Sanpaolo finance Arctic exploitation

Few days after the end of COP26, the Italian export credit agency SACE has confirmed the insurance coverage for the financing of the Arctic LNG-2 project by Intesa Sanpaolo and Cassa Depositi e Prestiti.
2021-11-22 | ReCommon
blog
external news
our news

NGOs release the first “Global Oil & Gas Exit List” at Glasgow COP

2021-11-04 | Glasgow | urgewald
blog
external news
our news

Belgian bank KBC ends financing for new oil and gas extraction, but stops short of a complete phase out plan

2021-11-04 | BankTrack
blog
external news
our news

Banks and investors pouring billions into Arctic oil & gas bonanza despite climate pledges – report

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 | Paris | Reclaim Finance
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Cancelled Annova LNG Export Project Signals Potential Headwinds for U.S. FIDs

The sponsors of the planned Annova liquefied natural gas (LNG) export project in South Texas have called quits on the development, citing changes in the global market.
2021-03-23 | Natural Gas Intelligence
blog
external news
our news

Major banks in Canada stand with the Gwich'in

Banks in Canada and around the world are sending a clear message that drilling in the Arctic National Wildlife Refuge is bad business
2020-12-14 | Gwichin Tribal Council, Vuntut Gwitchin Government
blog
external news
our news

Bank of America says it won’t finance oil and gas exploration in the Arctic

2020-11-30 | Bloomberg
blog
external news
our news

With Bank of America Announcement, Every Major US Bank Has Ruled out Funding for Arctic Drilling

2020-11-30 | Sierra Club, Sierra Club
blog
external news
our news

TD Bank is latest financial institution to pledge net-zero emissions by 2050

Plan also rules out Arctic drilling, but fails to drop tar sands
2020-11-09 | Sierra Club
blog
external news
our news

RBC announces new restrictions on financing coal, oil developments

2020-10-02 | Global News
blog
external news
our news

US banks are getting the message: Arctic drilling is bad business

2020-08-20 | Ben Cushing, Sierra Club
blog
external news
our news

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-07-27 | Berlin, Frankfurt | urgewald
blog
external news
our news

Morgan Stanley next major US bank to rule out financing Arctic oil & gas

The new policy update also excludes financing new thermal coal mines and coal-fired power plants as well as a commitment to phase out financing of thermal coal mining companies.
2020-04-24 | New York | Ben Cushing, Sierra Club
blog
external news
our news

Citigroup announces new coal and Arctic drilling policy; Climate advocates respond

2020-04-21 | San Francisco | BankTrack, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Following Goldman Sachs and JPMorgan Chase announcements, Wells Fargo rejects funding for Arctic drilling

2020-03-02 | San Francisco | Sierra Club
blog
external news
our news

JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank

2020-02-24 | Rainforest Action Network
blog
external news
our news

Yet another global bank rejects Arctic Refuge drilling

Lloyds Bank, one of the largest in the UK, will not fund Arctic oil and gas operations
2020-02-21 | Sierra Club
blog
external news
our news

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
blog
external news
our news

Goldman Sachs to stop financing new drilling for oil in the Arctic

2019-12-16 | The Guardian
blog
external news
our news

Goldman Sachs adopts strongest fossil finance policy by a major US Bank

Bank rules out thermal coal and Arctic oil projects, commits to exit coal mining
2019-12-15 | San Francisco | Rainforest Action Network
blog
external news
our news

UniCredit urged to do the final ‘right thing’ and drop the coal barons

2019-11-27 | Rome, Italy | BankTrack, ReCommon
blog
external news
our news

Ignoring Public Opposition and Significant Risk, Morgan Stanley Fails to Rule Out Support for Arctic Refuge Destruction

2019-08-08 | Washington D.C. | Gabby Brown, Sierra Club
blog
external news
our news

Royal Bank of Scotland joins growing number of financial institutions rejecting Arctic Refuge drilling

2019-08-06 | Edinburgh, Scotland | Sierra Club
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

As Banks and Investors Reject Arctic Drilling, Where is Wells Fargo?

2018-08-10 | Ben Cushing, Sierra Club
blog
external news
our news

Arctic oil 'undrillable' amid global warming: U.N.'s ex-climate chief

2018-05-15 | Reuters
blog
external news
our news

Investors urge fossil fuel firms to shun Trump's Arctic drilling plans

2018-05-14 | The Guardian
blog
external news
our news

BNP Paribas takes the global lead in excluding unconventional fossil fuels from portfolio

Other banks urged to follow suit, starting with the Equator banks
2017-10-12 | Nijmegen, Paris | BankTrack, Les Amis de la Terre
blog
external news
our news

Frozen Future: Shell investor briefing

2015-02-13 | Platform London, Greenpeace, Oil Change International
blog
external news
our news

Shell and Gazprom Scrap Dangerous Sub-Arctic Offshore Oil Drilling Platforms

2013-10-18 | Pacific Environment website
blog
external news
our news

Shell Abandons its 2013 Arctic Drilling Program

2013-02-27 | Greenpeace
blog
external news
our news

Another storm for Shell highlights risks in financing Arctic oil & gas exploitation

2013-01-16 | Platform website
blog
external news
our news

Breaking the ice on Arctic lending policies

2012-10-12 | Environmental Finance
blog
external news
our news

NGOs seek Sakhalin compensation from Shell, UK banks (Subscription required)

2012-08-01 | Sakhalin Island, Russia | Environmental-Finance
blog
external news
our news

City investors are getting cold feet about Arctic oil prospecting

2012-06-21 | Greenland | The Guardian
blog
external news
our news

WestLB, Oil Platform Lender, Won’t Do Arctic, Antarctic Business

2012-04-27 | Bloomberg
blog
external news
our news

Oil projects too far - banks & investors refuse finance for Arctic oil

2012-04-24 | London | Platform
blog
external news
our news

WestLB is the first bank to refuse finance to offshore oil rigs in the Arctic

2012-04-20 | Germany | Environmental-Finance
blog
external news
our news

Greenland posts Cairn oil spill plan to combat fears

2011-08-16 | Greenland | Reuters
blog
external news
our news

Naidoo determined to scale rig again

2011-06-23 | IOL news
blog
external news
our news

Greenpeace head Kumi Naidoo risks arrest in Arctic oil rig protest

2011-06-17 | Greenland | Guardian.co.uk
blog
external news
our news

Save the Arctic? No thanks, says UK Energy Minister

2011-06-16 | Arctic | IB Times UK- Greenpeace
blog
external news
our news

Cairn wins Arctic drilling injunction

2011-06-09 | Financial Times
blog
external news
our news

Action to stop Arctic oil drilling

2011-06-06 | Huffington Post
blog
external news
our news

Greenpeace Arctic oil protest ended by Danish navy

2011-06-02 | Arctic | Guardian.co.uk
blog
external news
our news

Live Action: Climbers in survival pod stop Arctic oil rig

2011-05-29 | Arctic | Nick Young, Greenpeace
blog
external news
our news

Government documents: Arctic oil spill all but impossible to clear up

2011-05-24 | Arctic | Greenpeace
blog
external news
our news

Wikileaks reveals Arctic could be the new cold war

2011-05-12 | Arctic | Nick Young, Greenpeace
blog
external news
our news

Oil platform could put critically endangered whales at risk

2011-01-24 | Practical Fishkeeping
blog
external news
our news

How an Arctic oil rush will help suffocate the planet

2010-08-28 | International | Greenpeace
blog
external news
our news

Environmental groups condemn Japanese and French banks for financing Sakhalin II oil and gas project in Russia

2008-06-17 | Tokyo, San Fransisco, Moscow, Nijmegen | Pacific Environment
blog
external news
our news

Environmental Victory for Sakhalin II

Project sponsor announces it cannot get financing from US and UK Export Credit Agencies
2008-03-04 | London, Washington, Sakhalin | Pacific Environment
blog
external news
our news

Sakhalin II: new environmental violations brought to light

Banks once more warned for risks of being involved
2007-06-27 | United States of America | Pacific Environment
blog
external news
our news

Banks urged to back off from Sakhalin II

Sakhalin II crucial test for Equator Principles
2005-07-20 | Utrecht | Pacific Environment

Documents

Type:
Year:
our publications
2022-01-20 00:00:00

Signez l’appel mondial : Stop au financement bancaire des énergies fossiles

Traduction : L'appel mondial
2022-01-20 00:00:00 | BankTrack
ngo documents
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 00:00:00 | Reclaim Finance
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
other documents
2020-03-18 00:00:00

Banking on Climate Change - Fossil Finance Report Card 2020 [Excel sheet]

Excel sheet with detailed bank policy scores
2020-03-18 00:00:00 | BankTrack, Rainforest Action Network, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
our publications
2019-03-20 00:00:00

Banking on Climate Change 2019

2019 Fossil Fuel Finance Report Card
2019-03-20 00:00:00 | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
ngo documents
2017-09-25 00:00:00

Banks: High Carbon, Hidden Risks

2017-09-25 00:00:00 | Rainforest Action Network
our publications
2017-06-21 00:00:00

Banking on Climate Change 2017

Fossil Fuel Finance Report Card 2017
2017-06-21 00:00:00 | Rainforest Action Network, BankTrack, Sierra Club, Oil Change International
our publications
2017-05-04 00:00:00

UBS Fossil Bank Briefing 2017

2017-05-04 00:00:00 | BankTrack, Greenpeace, Waterkeeper Alliance
our publications
2017-04-28 00:00:00

Credit Suisse Fossil Bank Briefing 2017

2017-04-28 00:00:00 | BankTrack and Greenpeace
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
ngo documents
2015-10-05 00:00:00

Financing Climate Chaos

How Minnesota’s Banking Giants Prioritize Profit in the Face of Climate Change
2015-10-05 00:00:00 | MN 350
ngo documents
2013-01-21 00:00:00

Repeated Misadventures

Key questions for Shell on its Alaskan Arctic programme
2013-01-21 00:00:00 | Platform, Greenpeace UK, FairPensions
ngo documents
2012-05-22 00:00:00

Out in the cold

Investor risk in Shell's Arctic exploration
2012-05-22 00:00:00 | Platform
csr policies
2012-02-01 00:00:00

Offshore Oil Drilling and Production Policy

2012-02-01 00:00:00 | WestLB
ngo documents
2011-06-21 00:00:00

Greenpeace press brief: The risks and potential impacts of oil exploration in the Arctic

2011-06-21 00:00:00 | Greenpeace
ngo documents
2011-05-21 00:00:00

Greenpeace press brief: Arctic Council Annual Meeting, Nuuk May 2011

2011-05-21 00:00:00 | Greenpeace
ngo documents
2011-04-21 00:00:00

Cairn Energy - cowboy drilling in the high Arctic

2011-04-21 00:00:00 | Greenpeace
company documents
2011-01-04 00:00:00

Cairn secures rigs for 2011 Greenland Exploration

2011-01-04 00:00:00 | Cairn
ngo documents
2009-07-21 00:00:00

Polar oceans in peril and a planet at risk

2009-07-21 00:00:00 | Greenpeace
our publications
2007-12-12 00:00:00

A Challenging Climate

What international banks should do to combat climate change
2007-12-12 00:00:00 | BankTrack

Media








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