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  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
      Yes
      0/0
      Type of climate target: Net-zero emissions

      What is the target date for the financial institution to achieve their climate target?: 2050
      "We ensure our business lending policies support the responsible transition to a net zero emissions economy by 2050, by: only providing Banking and Financing activity to New oil, gas or metallurgical coal projects if supported by an assessment of the environmental, social and economic impacts of such activity, and if in line with the goals of the Paris Agreement." "Commonwealth Bank of Australia (CBA) has released its first Climate Policy Position Statement, reaffirming our support for a responsible global transition to a net zero emissions economy by 2050. [...] Our commitment is two-fold: [...] Decrease the emissions intensity of our business lending; and [...] Reduce our own emissions."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    25/90
    • Beef & Leather
      25/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must be legally operated
          4.6/4.6
          • Commitment details
            Companies
            3/3
            Commitment details
            Companies
            3/3
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
        • Companies must monitor operations
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): not disclosed
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must conduct risk assessments
          4.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management 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 August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Is it set by the financial institution?: 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
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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 respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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
            "customers who are growers, producers, and/or processors" [..] "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
        • 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
            "We introduced a new “Labour Rights & Modern Slavery” focus area in our ESG Risk Assessment Tool in FY20 to allow greater focus and due diligence to be conducted in assessing modern slavery risks in our clients’ operations."
          • 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
        6/31
        • 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?: prerequisite for financing
          "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "We are committed to working closely with all our stakeholders and will review our policy settings at least every two years to ensure our approach is fit for purpose."
        • 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
      25/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must be legally operated
          4.6/4.6
          • Commitment details
            Companies
            3/3
            Commitment details
            Companies
            3/3
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            ""If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship""
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            ""If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship""
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            ""If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship""
        • Companies must monitor operations
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): Not disclosed
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must conduct risk assessments
          4.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management 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 August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Is it set by the financial institution?: 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
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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 respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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
            "customers who are growers, producers, and/or processors" [..] "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
            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
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: No

            Type of policy: Forced Labour
            "We introduced a new “Labour Rights & Modern Slavery” focus area in our ESG Risk Assessment Tool in FY20 to allow greater focus and due diligence to be conducted in assessing modern slavery risks in our clients’ operations."
          • 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
        6/31
        • 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?: prerequisite for financing
          "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "We are committed to working closely with all our stakeholders and will review our policy settings at least every two years to ensure our approach is fit for purpose."
        • 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
    • Soy
      25/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybeanand timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must be legally operated
          4.6/4.6
          • Commitment details
            Companies
            3/3
            Commitment details
            Companies
            3/3
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
        • Companies must monitor operations
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Certification scheme (if applicable): not disclosed

            Type of policy: Assurance mechanism
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must conduct risk assessments
          4.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management 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 August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Is it set by the financial institution?: 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
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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 respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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
            "customers who are growers, producers, and/or processors" [..] "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
        • 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
            "We introduced a new “Labour Rights & Modern Slavery” focus area in our ESG Risk Assessment Tool in FY20 to allow greater focus and due diligence to be conducted in assessing modern slavery risks in our clients’ operations."
          • 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
        6/31
        • 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?: prerequisite for financing
          "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "We are committed to working closely with all our stakeholders and will review our policy settings at least every two years to ensure our approach is fit for purpose."
        • 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
    • Timber, Pulp & Paper
      25/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."[...] "to encourage customers involved in projects or activities associated with logging to not be involved, either directly or indirectly, in any illegal production or trade of any timberbased products, particularly Old Growth Forests"
          • 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 committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."[...] "to encourage customers involved in projects or activities associated with logging to not be involved, either directly or indirectly, in any illegal production or trade of any timberbased products, particularly Old Growth Forests"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."[...] "to encourage customers involved in projects or activities associated with logging to not be involved, either directly or indirectly, in any illegal production or trade of any timberbased products, particularly Old Growth Forests"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."[...] "to encourage customers involved in projects or activities associated with logging to not be involved, either directly or indirectly, in any illegal production or trade of any timberbased products, particularly Old Growth Forests"
          • 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
            "We are committed to keeping abreast of advances in industry sustainability standards,certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."[...] "to encourage customers involved in projects or activities associated with logging to not be involved, either directly or indirectly, in any illegal production or trade of any timberbased products, particularly Old Growth Forests"
        • Companies must be legally operated
          4.6/4.6
          • Commitment details
            Companies
            3/3
            Commitment details
            Companies
            3/3
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
          • 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
            "If any clients are identified as operating outside the law, or do not meet our requirements, we will engage with those clients and, if appropriate, may exit the banking relationship."
        • Companies must monitor operations
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): Not specified
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
          • 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 are committed to keeping abreast of advances in industry sustainability standards, certifications and schemes, to be able to: – encourage customers who are growers, producers, and/or processors of beef, cacao, coffee, cotton, Palm Oil, rubber, soybean and timber to gain industry relevant sustainability certification, or equivalent standards, to demonstrate chain of custody" […] "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must conduct risk assessments
          4.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "In August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management 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 August 2019, we released the Environmental and Social Framework which outlines the minimum requirements we expect of our business, customers and suppliers andincludes, amongst other items, the standards we apply to the agriculture, forestry and fisheries sectors. To ensure consistency with this commitment, all Institutional Bankloans, as well as large loans in other business units, are evaluated through the Bank’s compulsory ESG risk assessment process. In addition, project finance loans follow theEquator Principles’ comprehensive environmental and social risk management process."
        • 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
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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 respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
          • 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
            "customers who are growers, producers, and/or processors" [..] "We respect human rights in our business relationships by:" [...] "supporting free, prior and informed consent for applicable project finance, as outlined by the Equator Principles, for Indigenous Communities impacted by project decisions or actions that could affect their land, territory, and natural resources"
        • 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
            "We introduced a new “Labour Rights & Modern Slavery” focus area in our ESG Risk Assessment Tool in FY20 to allow greater focus and due diligence to be conducted in assessing modern slavery risks in our clients’ operations."
          • 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
        6/31
        • 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?: prerequisite for financing
          "We ensure that our business lending does not result in the irrevocable damage of World Heritage sites, or other high value conservation areas defined by internationally recognised agencies."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "We are committed to working closely with all our stakeholders and will review our policy settings at least every two years to ensure our approach is fit for purpose."
        • 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
  • Commitment strength
    16/31
    Avg. score
  • Reporting and Implementation
    6/31
    Avg. score
  • Social considerations
    3/28
    Avg. score

Profile

Commonwealth Bank of Australia are a financial services provider headquartered in Australia that serves private, corporate and institutional clients. They offer a range of products and services including retail, premium, business and institutional banking, funds management, pension programmes, insurance, and investment and share-broking products and services. As of 2017, Commonwealth Bank of Australia's total assets amount to over 970 billion AUD with over 730 billion AUD in loans. They are among the top shareholders for Forest 500 Companies.

HQ
HQ 
Australia
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.