Download data

Select an assessment year:

  • Overall approach
    7/10
    • Overarching commitment on deforestation
      4/6
      Deforestation-free commitment
      4/6
      "We are committed to supporting clients that promote sustainable forestry and agribusiness practices, and are a signatory to the New York Forest Declaration of the United Nations and its objective of supporting all endeavours to cut natural forest loss in half by 2020, and to end it by 2030. "
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      How is awareness shown?: Signatory to the BEIs Soft Commodity Compact or another finance sector initiative on deforestation
      "Barclays has also adopted the Banking Environment Initiative’s Soft Commodities Compact3 , which commits us to helping our corporate clients in a number of agricultural commodity sectors achieve zero net deforestation by 2020."
    • Target to reduce emissions in scope 1/2
      Yes
      0/0
      What is the target date for the financial institution to achieve their climate target?: 2050

      Type of climate target: Net-zero emissions
      "We are now setting a goal to be net zero in Scope 3, across all of our financing activity, by 2050. “Scope 3” emissions for a bank are, in simple terms, the GHG footprint of the business activities we finance around the world, across all sectors."
    • Company must have anti-corruption policy
      1/2
      Yes, either an anti-corruption policy or a policy on prohibiting abusive tax arrangements
      1/2
      "Barclays is committed to: Dealing only with customers who have appropriately declared their assets to the relevant tax authorities "
  • Commodity score
    28/90
    • Beef & Leather
      0/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            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
          0/4.6
          • Commitment details
            No commitment
            0/3
          • 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 monitor operations
          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 conduct risk assessments
          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 specify a cut-off date
          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
        0/28
        • 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
        • 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
        • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      34/90
      • Commitment Strength
        14/31
        • Commodity-specific deforestation financing policy
          6.4/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)"
          • 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
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)"
        • Companies must be legally operated
          2.4/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • 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
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations." Scope of statement covers the "provision of all financial services to Corporate Banking and Investment Banking clients with the following operations in high deforestation risk countries: [...] palm oil production or primary processing." 
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays"
          • 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
            "In addition, we require all forestry, palm oil and soy companies to:[...]Prohibit the conversion or degradation of primary forests, High Conservation Value (HCV) or High Carbon Stock (HCS) areas and peatlands.[...]Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries[...]We also expect: VIII. Palm oil companies to adopt a public commitment to no net deforestation, no peatland development and no human rights violations (NDPE)[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays"
        • Companies must conduct risk assessments
          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 specify a cut-off date
          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
        5/28
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "we require all forestry, palm oil and soy companies to: [...] V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process." "All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process." "All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process." "All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process." "All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • 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
            "we require all forestry, palm oil and soy companies to: [...] V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process." "All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples." Scope of statement covers the "provision of all financial services to Corporate Banking and Investment Banking clients with the following operations in high deforestation risk countries: [...] palm oil production or primary processing." 
        • 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
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
          • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        15/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: 3 years
          "we require all forestry, palm oil and soy companies to: [...] I. Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries. [...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years , which will be monitored annually by Barclays."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "we require all forestry, palm oil and soy companies to: [....] For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries.[...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays."
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "In line with our commitment to the Soft Commodities Compact and its aim of incentivising and supporting sustainable industry practices, we prefer to engage with existing clients who do not yet meet these requirements but who are willing and able to do so within a limited timeframe. However, in cases where clients are unable or unwilling to comply or agree to an action plan to address identified gaps, we will seek to exit the relationship taking into account existing contractual agreements."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Soy
      38/90
      • Commitment Strength
        18/31
        • Commodity-specific deforestation financing policy
          7.4/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "We also expect: [...] IX. Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We also expect: [...] IX. Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We also expect: [...] IX. Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We also expect: [...] IX. Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • 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
            "We also expect: [...] IX. Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
        • Companies must be legally operated
          2.4/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • 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
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism; Traceability system

            Certification scheme (if applicable): RTRS
            "In addition, we require all forestry, palm oil and soy companies to:[...]For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes, and adherence to relevant standards. In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays.[...]Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes, and adherence to relevant standards. In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays.[...]Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes, and adherence to relevant standards. In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays.[...]Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to:[...]For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes, and adherence to relevant standards. In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays.[...]Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
          • 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
            "In addition, we require all forestry, palm oil and soy companies to:[...]For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes, and adherence to relevant standards. In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays.[...]Soy companies to establish a sustainable sourcing policy, including a commitment to achieve deforestation-free soy supply chains, and work towards achieving supply chain traceability within a limited timeframe."
        • Companies must conduct risk assessments
          2.9/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
        • Companies must specify a cut-off date
          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
        5/28
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "In addition, we require all forestry, palm oil and soy companies to: V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to: V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to: V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "In addition, we require all forestry, palm oil and soy companies to: V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process."
          • 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
            "In addition, we require all forestry, palm oil and soy companies to: V. Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process."
        • 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
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
          • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        15/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "we require all forestry, palm oil and soy companies to: [...] I. Adhere to recognised certification schemes within a limited timeframe. These schemes are: a) For palm oil companies, membership of Roundtable on Sustainable Palm Oil (RSPO), and certification of owned plantations and mills in high risk countries. [...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years , which will be monitored annually by Barclays."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "we require all forestry, palm oil and soy companies to: [....] For soy companies, membership of Roundtable on Responsible Soy (RTRS) or comparable certification schemes8 , and adherence to relevant standards. [...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays." 
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "In line with our commitment to the Soft Commodities Compact and its aim of incentivising and supporting sustainable industry practices, we prefer to engage with existing clients who do not yet meet these requirements but who are willing and able to do so within a limited timeframe. However, in cases where clients are unable or unwilling to comply or agree to an action plan to address identified gaps, we will seek to exit the relationship taking into account existing contractual agreements."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      37/90
      • Commitment Strength
        17/31
        • Commodity-specific deforestation financing policy
          6.4/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "We are also a founding member of the Banking Environment Initiative’s Soft Commodities Compact, which commits us to helping our corporate clients in a number of sectors including forestry, pulp and paper, and palm oil to achieve zero net deforestation." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are also a founding member of the Banking Environment Initiative’s Soft Commodities Compact, which commits us to helping our corporate clients in a number of sectors including forestry, pulp and paper, and palm oil to achieve zero net deforestation." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are also a founding member of the Banking Environment Initiative’s Soft Commodities Compact, which commits us to helping our corporate clients in a number of sectors including forestry, pulp and paper, and palm oil to achieve zero net deforestation." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are also a founding member of the Banking Environment Initiative’s Soft Commodities Compact, which commits us to helping our corporate clients in a number of sectors including forestry, pulp and paper, and palm oil to achieve zero net deforestation." 
          • 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
            Barclays define the scope of their 'forestry' sector in the Forestry and Agricultural Commodities Statement as covering: "the provision of all financial services to Corporate Banking and Investment Banking clients with the following operations in high deforestation risk countries. Timber production (e.g. timber plantations, logging) or primary processing (e.g. timber milling). These are termed “forestry companies"."
        • Companies must be legally operated
          2.4/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Barclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: [...] IV. Operations or business practices that do not comply with all applicable local, national, and international laws and regulations."
          • 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
            "This statement covers the provision of all financial services to Corporate Banking and Investment Banking clients with the following operations in high deforestation risk countries" Scope: "Timber production (e.g. timber plantations, logging) or primary processing (e.g. timber milling). These are termed “forestry companies” in this statement."
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): FSC

            Type of policy: Assurance mechanism
            "Adhere to recognised certification schemes within a limited timeframe. These schemes are[...]) For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme , and certification of owned logging sites in high risk countries (where such schemes are established)."[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Adhere to recognised certification schemes within a limited timeframe. These schemes are[...]) For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme , and certification of owned logging sites in high risk countries (where such schemes are established)."[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years , which will be monitored annually by Barclays."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Adhere to recognised certification schemes within a limited timeframe. These schemes are[...]) For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme , and certification of owned logging sites in high risk countries (where such schemes are established)."[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years , which will be monitored annually by Barclays."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Adhere to recognised certification schemes within a limited timeframe. These schemes are[...]) For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme , and certification of owned logging sites in high risk countries (where such schemes are established)."[...]In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years , which will be monitored annually by Barclays."
          • 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
            "This statement covers the provision of all financial services to Corporate Banking and Investment Banking clients with the following operations in high deforestation risk countries" Scope: "Timber production (e.g. timber plantations, logging) or primary processing (e.g. timber milling). These are termed “forestry companies” in this statement."
        • Companies must conduct risk assessments
          2.9/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "In the case of almost all large-scale new build, expansion and development projects an Environmental and Social Impact Assessment (ESIA) will be required particularly where project debt financing is being sought. A comprehensive ESIA undertaken to international standards allows both the project sponsor and the investors to assess the full range of potential environmental and social impacts related to a project development, operation and decommissioning. Part of the ESIA process is to design appropriate mitigation measures and to set a framework for the monitoring the performance of these measures on a long-term basis. This limits and controls compliance and remediation costs as well as long term credit and reputation risks. For smaller scale projects and operations a full ESIA may not be required. Focused studies on particular issues of concern may however, be helpful in identifying potential environmental and social risks associated with certain project activities."
        • Companies must specify a cut-off date
          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
        5/28
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "we require all forestry, palm oil and soy companies to: [...] Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process. [...] All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process. [...] All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process. [...] All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "we require all forestry, palm oil and soy companies to: [...] Work to obtain the consent of indigenous and local communities affected by their operations through a credible “free, prior and informed consent” process. [...] All clients deemed within the scope of this position statement are reviewed on a case by case basis and subject to enhanced due diligence. These clients are analysed against specific environmental and social risk considerations in addition to the above requirements which include, but are not limited to: [...] Impact on local communities and adoption of the “free prior and informed consent” (FPIC) principle, in particular when considering impacts on indigenous peoples."
          • 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
            "Timber production (e.g. timber plantations, logging) or primary processing (e.g. timber milling). These are termed “forestry companies” in this statement."
        • 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
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
          • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        15/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: 3 years
          "we require all forestry, palm oil and soy companies to: [...] For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme7 , and certification of owned logging sites in high risk countries (where such schemes are established). [...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years9 , which will be monitored annually by Barclays."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "In addition, we require all forestry, palm oil and soy companies to: [...] VII. Adhere to recognised certification schemes within a limited timeframe. These schemes are: [...]  For forestry companies, membership of Forest Stewardship Council (FSC) or comparable certification scheme, and certification of owned logging sites in high risk countries (where such schemes are established). [...] In the absence of certification, we require the client to develop a time-bound action plan to achieve this within three years, which will be monitored annually by Barclays."  
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "In line with our commitment to the Soft Commodities Compact and its aim of incentivising and supporting sustainable industry practices, we prefer to engage with existing clients who do not yet meet these requirements but who are willing and able to do so within a limited timeframe. However, in cases where clients are unable or unwilling to comply or agree to an action plan to address identified gaps, we will seek to exit the relationship taking into account existing contractual agreements."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
  • Commitment strength
    12/31
    Avg. score
  • Reporting and Implementation
    11/31
    Avg. score
  • Social considerations
    4/28
    Avg. score

Profile

Barclays PLC are a financial services group headquartered in the UK serving private, corporate and institutional clients. Their services cover personal, corporate, offshore, private, and investment banking, wealth management, loans and mortgages, and corporate lending. As of 2017, Barclays PLC's total assets amount to more than 1.1 trillion GBP with over 420 billion GBP in loans. They are among the top lenders to Forest 500 companies with loans across a broad range of forest risk sectors. 

HQ
HQ 
United Kingdom
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.