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  • Overall approach
    1/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      1/1
      Business risk
      Yes
      1/1
      Type of financial risk recognised by the financial institution: Reputational; Financial
      "The sustainability risk is defined by the European Regulation 2019/2088 on Sustainability Disclosure in the Financial Services Sector as an Environmental, Social or corporate Governance (hereinafter "ESG"2 ) event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investment. The sustainability risk is linked to multiple ESG issues or factors which, if not managed appropriately by issuers, can lead to financial or non-financial impacts (e.g. reputation, legal...) which, in turn, can generate financial impacts. • Examples of environmental issues or factors: climate change, depletion of natural resources, air and water pollution, deforestation"
    • Target to reduce emissions in scope 1/2
    • Clients/holdings must have anti-corruption policy
      0.0/1
    • Collaborative finance sector initiatives
      0/2
    • Nature/people-positive investment
  • Commodity score
    13/90
    • Beef & Leather
      0/90
      • Policy Strength
        0/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          0/2.8
          • Commitment details
            No commitment
            0/2
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        0/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Palm oil
      26/90
      • Policy Strength
        16/28
        • Commodity-specific deforestation financing policy
          4.7/8.8
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: No
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
        • Clients/holdings must conduct risk assessments
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            What is the target date for the full implementation of the financial institution's policy?: NA

            What is the deadline for the portfolio companies to become compliant with the policy?: Required at point of investment

            What is the length of time the portfolio companies are given to meet their time-bound plans?: NA
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).”; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list"."
      • Associated Human Rights Abuses
        4/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          2.2/3.8
          • Commitment details
            Encouraged
            1.5/3
            Commitment details
            Encouraged
            1.5/3
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
        • Clients/holdings must respect labour rights
          1.7/3.8
          • Commitment details
            Clients/holdings own operations - Encouraged
            1/3
            Commitment details
            Clients/holdings own operations - Encouraged
            1/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        6/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          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
          “The Policy applies from the date it is published. Are excluded pre-existing activities in this sector, including commitments already made or business opportunities which are already at an advanced stage of negotiation. The Policy will be reviewed from time to time.”
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No

          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: NA
          "Where the transaction is directly linked to the development, expansion, operation and/or the acquisition of an asset covered by the Policy, the project will be assessed against all the analysis criteria above and the Bank will seek to determine if an exclusion criterion exists. If an exclusion situation is identified or if the outcome of the general assessment is negative, the Bank will not participate in the transaction. Any potential exception will be dealt with in accordance with section 8 below. Where the transaction is an advisory mandate, the Bank will seek to promote the principles included in this Policy. The Bank will not enter into an advisory mandate when aware at the date of the mandate that the envisaged project definitely exhibits an exclusion criterion. When considering financing a project for which the Bank has acted as financial advisor, it shall only do so in compliance with the Policy, including in respect of the exclusion criteria.”
        • Engagement with non-compliant companies
          0/0
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Soy
      0/90
      • Policy Strength
        0/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          0/2.8
          • Commitment details
            No commitment
            0/2
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        0/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Timber, Pulp & Paper
      26/90
      • Policy Strength
        16/28
        • Commodity-specific deforestation financing policy
          4.7/8.8
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: No
            “In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).” ; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            “In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).” ; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            “In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).” ; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            “In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).” ; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            “In particular, the client shall have developed a no deforestation policy (commitment not to develop its business to the detriment of primary forests or High Conservation Value forests).” ; (Landscape protection) "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation"
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Obtaining of the following certifications: FSC or PEFC for a forestry operation or RSPO for palm oil will be regarded as a satisfactory evidence that the above criteria have been considered."
        • Clients/holdings must conduct risk assessments
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "In particular, the Bank will consider whether the assets of the clients are certified (FSC, national certification endorsed by PEFC, RSPO as the case may be). If the client has not committed to a plan targeting the certification of most of its assets within a reasonable period of time, the Bank will expect them to demonstrate implementing an impact assessment and management system of equivalent stringency and covering all the criteria listed above"
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            What is the target date for the full implementation of the financial institution's policy?: NA

            What is the deadline for the portfolio companies to become compliant with the policy?: Requirement for investment

            What is the length of time the portfolio companies are given to meet their time-bound plans?: NA
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "The Bank will not participate in transactions linked to this sector if aware of the following characteristics:  illegal operation;  conversion of lands having a high conservation value with respect to biodiversity (protected area listed under the categories I to IV of IUCN, primary forests or High Conservation Value Forests according to FSC, sites listed per the Alliance for Zero Extinction, peatlands);  location within wetlands of international importance covered by the Ramsar Convention5 ,  location within a site listed on the UNESCO World Heritage list".
      • Associated Human Rights Abuses
        4/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          2.2/3.8
          • Commitment details
            Encouraged
            1.5/3
            Commitment details
            Encouraged
            1.5/3
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            “The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria: Capacity and commitment of the project or client to manage environmental and social risks and engage with stakeholders [...] setting up of a grievance mechanism at the project level”
        • Clients/holdings must respect labour rights
          1.7/3.8
          • Commitment details
            Clients/holdings own operations - Encouraged
            1/3
            Commitment details
            Clients/holdings own operations - Encouraged
            1/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "The Bank will analyze every transaction linked to the Forestry and Palm Oil sector according to the following criteria [...] labour rights and working conditions including compliance with International Labour Organization (ILO) core conventions [...] ILO’s 8 core conventions on fundamental human rights relate to elimination of forced and compulsory labour (C-29 and C105), abolition of child labour (C-138 and C-182), elimination of discrimination in respect of employment and occupation (C-100 and C-111) and freedom of association and collective bargaining (C-87 and C-98)".
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        6/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          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
          “The Policy applies from the date it is published. Are excluded pre-existing activities in this sector, including commitments already made or business opportunities which are already at an advanced stage of negotiation. The Policy will be reviewed from time to time.”Link to documents: (Reviewed and updated) https://www.credit-agricole.com/en/pdfPreview/122252
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: NA

          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No
          "Where the transaction is directly linked to the development, expansion, operation and/or the acquisition of an asset covered by the Policy, the project will be assessed against all the analysis criteria above and the Bank will seek to determine if an exclusion criterion exists. If an exclusion situation is identified or if the outcome of the general assessment is negative, the Bank will not participate in the transaction. Any potential exception will be dealt with in accordance with section 8 below. Where the transaction is an advisory mandate, the Bank will seek to promote the principles included in this Policy. The Bank will not enter into an advisory mandate when aware at the date of the mandate that the envisaged project definitely exhibits an exclusion criterion. When considering financing a project for which the Bank has acted as financial advisor, it shall only do so in compliance with the Policy, including in respect of the exclusion criteria.”
        • Engagement with non-compliant companies
          0/0
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
  • Commitment strength
    8/28
    Avg. score
  • Implementation and Reporting
    3/35
    Avg. score
  • Associated Human Rights Abuses
    2/27
    Avg. score

Profile

Crédit Agricole are a European banking group headquartered in France serving private and corporate clients. Their services include corporate finance, capital markets, investment banking, insurance, asset management, wealth management and retail banking services. As of 2021, the group's total assets amount to more than 4.2 trillion EUR. Crédit Agricole are among the top lenders and shareholders to Forest 500 companies, across a broad range of forest risk sectors. In the 2022 selection, Crédit Agricole was providing 73 billion USD to the Forest 500 companies.

HQ
HQ 
France
Financial institution type
Financial institution type 
FI

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.