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Select an assessment year:

  • Overall approach
    4/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Understanding of the risks
      4/14
      ABC have developed a Sustainable Finance policy for it's Singapore banking branches. Within the policy they state as a requirement for agro-financing, the companies they finance must have the following - "Environmentally sustainable agriculture including:  On RSPO certified palm oil production with no expansion to new land: o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;" [...] "Agricultural Bank of China Limited, Singapore Branch (“ABC Singapore Branch” or “the branch”) has developed the Sustainable Financing Framework for Agricultural Bank of China Limited, Singapore Branch (the “Framework”) under which it intends to issue loans, bonds, private placements and/or other debt instruments and use the proceeds to finance or refinance, in whole or in part, existing and/or future projects, pure-play companies or assets that align with the sustainability bond market standards. The Framework defines eligibility criteria in nine areas:"
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    11/64
    • Beef & Leather
      0/64
      • Commitment Strength
        0/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      25/64
      • Commitment Strength
        20/42
        • Commodity-specific financing policy
          8.8/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Environmentally sustainable agriculture including: On RSPO certified palm oil production with no expansion to new land:o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;" [....] "ABC Singapore Branch’s Framework does not explicitly require that financing provided to palm oil refineries and mills be provided only to those that source 100% of their palm oil from RSPO-certified sources"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] "Environmentally sustainable agriculture including: On RSPO certified palm oil production with no expansion to new land:o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Environmentally sustainable agriculture including: On RSPO certified palm oil production with no expansion to new land:o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Environmentally sustainable agriculture including: On RSPO certified palm oil production with no expansion to new land:o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Environmentally sustainable agriculture including: On RSPO certified palm oil production with no expansion to new land:o R&D into yield intensification as a strategy for no deforestation, replanting of higher yielding material, conservation & restoration efforts;"
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          6.8/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            ABC Singapore branch does not invest in companies which - "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
        • Assurance mechanism to ensure compliance
          4.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): RSPO

            Verification method: Certification Scheme
            ABC Singapore branch does not invest in companies which - "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas;  Untraceable and non-RSPO certified palm oil"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          4.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Agricultural practices and systems to improve traceability in supply chain such as direct (“close to farmer”) sourcing to further combat deforestation and land abuse such as by using credible monitoring groups like Control Union Certification, installation of IT and real time monitoring systems that manage fire and haze, large scale supply chain audits, smallholder certification and capacity building with smallholders at plantation level"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Just applies to Singapore branch of main bank -"Agricultural practices and systems to improve traceability in supply chain such as direct (“close to farmer”) sourcing to further combat deforestation and land abuse such as by using credible monitoring groups like Control Union Certification, installation of IT and real time monitoring systems that manage fire and haze, large scale supply chain audits, smallholder certification and capacity building with smallholders at plantation level"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....]"Agricultural practices and systems to improve traceability in supply chain such as direct (“close to farmer”) sourcing to further combat deforestation and land abuse such as by using credible monitoring groups like Control Union Certification, installation of IT and real time monitoring systems that manage fire and haze, large scale supply chain audits, smallholder certification and capacity building with smallholders at plantation level"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Agricultural practices and systems to improve traceability in supply chain such as direct (“close to farmer”) sourcing to further combat deforestation and land abuse such as by using credible monitoring groups like Control Union Certification, installation of IT and real time monitoring systems that manage fire and haze, large scale supply chain audits, smallholder certification and capacity building with smallholders at plantation level"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Agricultural practices and systems to improve traceability in supply chain such as direct (“close to farmer”) sourcing to further combat deforestation and land abuse such as by using credible monitoring groups like Control Union Certification, installation of IT and real time monitoring systems that manage fire and haze, large scale supply chain audits, smallholder certification and capacity building with smallholders at plantation level"
    • Soy
      0/64
      • Commitment Strength
        0/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      21/64
      • Commitment Strength
        21/42
        • Commodity-specific financing policy
          8.8/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] " Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] " Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] " Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] " Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] " Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes" [...] "
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          7.2/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            ABC Singapore branch does not invest in companies which - "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas" [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
        • Assurance mechanism to ensure compliance
          4.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme

            Certification scheme (if applicable): FSC
            ABC Singapore branch does not invest in companies which - "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas" [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            only required of ABC Singapore branch - "The Sustainable Financing Framework has been developed for ABC Singapore Branch as the guiding document to enter into any financing instruments such as loans, public bonds and private placements, or other debt to finance or refinance new or existing eligible green, social or sustainable projects/clients/assets with strict adherence to: [...] Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            company must be a "pure play" company and have 90% or more made up from the eligible category - "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Where a client derives 90% or more of revenues from activities in Eligible Categories (i.e essentially pure play companies) it will be considered as eligible for financing under the ABC Singapore Branch Sustainable Financing Framework. In these instances, the Use of Proceeds can be used by the branch’s clients for general purposes, so long as this financing does not fund expansion into activities falling outside the Eligible Categories. For the avoidance of doubt, general corporate purpose loans are excluded unless it is by pure play companies. As lending to the agricultural sector tends to be at corporate level rather than project financing, ABC Singapore Branch will only apportion the amount of funding to the category “environmentally sustainable management of living natural resources and land use” according to the eligibility criteria specified in the Framework in Table 1.1 through direct engagement with its clients and/or public disclosure." [....] "Exclusion Categories In any case, eligible assets/projects exclude the type of projects listed in the IFC Exclusion List (2007)3 , as well as the following industry categories: [...]  Agricultural or afforestation operations located on land designated as primary forest, rich biodiversity, high conservation value areas, or legally preserved areas [...] "Environmentally-sustainable forestry with certification to FSC, PEFC or equivalent, including afforestation or reforestation, and preservation or restoration of natural landscapes""
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    3/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      in relation to the Sustainable Financing Framework for Agricultural Bank of China Limited, Singapore Branch - "The SFWG’s role will be to:  Review, select and validate the pool of Eligible Sustainable Assets, based on the Framework;  Validate annual reporting;  Monitoring the on-going evolution related to the Sustainable Capital Markets in terms of disclosure/reporting in order to be in-line with market best practices; and Review the Sustainable Financing Framework to reflect any changes with regards to the bank and the branch’s sustainability strategies and initiatives"
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      0/5
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    10/42
    Avg. score
  • Social considerations
    1/22
    Avg. score

Profile

Agricultural Bank of China Ltd. are a bank headquartered in China serving corporate and private clients. Their services include personal, investment, private and retail banking, asset management, wealth management, loans, cash management, and trading and financial market services. As of 2017, their total assets amount to more than 20 trillion RMB with over 10 trillion RMB worth of loans. Agricultural Bank of China Ltd. are among the top 50 lenders to Forest 500 companies, with loans amounting to more than 5.5 billion USD across a broad range of forest risk sectors.

HQ
HQ 
China
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.