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Select an assessment year:

  • Overall approach
    5/10
    • Overarching commitment on deforestation
      4/6
      Overarching commitment
      Deforestation-free commitment
      4/6
      "By 2025, the aim is to publicly report credible progress towards eliminating forest-risk agricultural commodity-driven deforestation impacts in investments, through successful engagement."
    • Deforestation as a business risk
      0/1
    • Target to reduce emissions in scope 1/2
    • Clients/holdings must have anti-corruption policy
      0.0/1
    • Collaborative finance sector initiatives
      1/2
      Collaborative initiatives
      Yes, involved in a collaborative finance sector initiative focused on deforestation
      1/2
      Does the financial institution engage ESG data providers on the need for better data on deforestation?: No

      Which initiative?: CERES, FAIRR

      In which location?: Global

      Is a 2025 target date encouraged within the collaborative initiative(s)?: No
      CERES, FAIRR
    • Nature/people-positive investment
  • Commodity score
    5/90
    • Beef & Leather
      4/90
      • Policy Strength
        2/28
        • 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
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • 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
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
        • 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
        2/27
        • 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
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • 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
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
        • 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
      6/90
      • Policy Strength
        2/28
        • 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
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • 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
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
        • 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
        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
          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
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • 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
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
        • Clients/holdings must address gender equality issues
          1.3/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • 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
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
        • 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
    • Soy
      6/90
      • Policy Strength
        2/28
        • 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
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • 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
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
        • 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
        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
          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
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • 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
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
        • Clients/holdings must address gender equality issues
          1.3/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • 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
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
        • 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
      6/90
      • Policy Strength
        2/28
        • 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
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • 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
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Each of our directors, officers and employees owes a duty to Northern Trust to act with integrity and to treat all of Northern Trust’s internal and external stakeholders and other third parties with dignity and respect. Integrity requires, among other things, being honest, ethical and candid Observe all applicable laws and governmental rules, codes and regulations. We expect everyone to adhere to our commitment to the highest standards of integrity, ethics, and honesty. Compliance with the Code, other Northern Trust policies and procedures (including risk management related policies and procedures), and all applicable laws and regulations is critically important. If questions arise regarding complying with the Code or some other policy, you should consult your manager or supervisor, the Chief Compliance and Ethics Officer, the Corporate Secretary, or the General Counsel, as appropriate. "
        • 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
        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
          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
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • 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
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "We expect companies to follow the UN Guiding Principles on Business and Human Rights’ guidance for high-risk contexts. That includes carrying out enhanced – and rapid – due diligence, and liaising with experts, representatives of the affected stakeholders, peers and relevant multi-stakeholder initiatives. The company should decide how and if it can prevent, mitigate and remediate any human rights abuses or risks, and if not, responsibly disassociate. And it should disclose the results of this due diligence. [...] Given the growing investor concern about human rights issues, we have added a new expectation on this. Where we have significant concerns about company inaction relating to protecting or enhancing human rights, we will consider recommending a vote against the relevant directors, the discharge of management or other relevant resolutions. This decision will be informed by a range of indicators, such as a failure to comply with legislation or internationally-recognised guidance, such as the UN Guiding Principles for Business and Human Rights, or evidence that a company has caused or contributed to egregious, adverse human rights impacts or controversies and has failed to provide appropriate remedy."
        • Clients/holdings must address gender equality issues
          1.3/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Encouraged
            0.5/3
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • 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
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Advancing gender equality in company leadership and throughout organisations remains critically important therefore, with many companies around the world still falling far short of equal representation. We encourage companies to critically and deeply assess where they are falling short and to set specific targets to address this. They should go beyond simply increasing overall representation, towards understanding how they can create more inclusive cultures to attract, and more importantly retain, develop and promote female talent."
        • 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
  • Commitment strength
    2/28
    Avg. score
  • Implementation and Reporting
    0/35
    Avg. score
  • Associated Human Rights Abuses
    3/27
    Avg. score

Profile

Northern Trust are a financial services provider headquartered in the US that serves private and institutional clients. Their services include investment management, asset and fund administration, fiduciary and banking solutions. As of 2022, their total assets amount to more than 1 trillion USD. Northern Trust are among the top lenders and shareholders to Forest 500 companies, with loans across a broad range of forest risk sectors. In the 2022 selection, Northern Trust was providing 80.5 billion USD to the Forest 500 companies.

HQ
HQ 
United States
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.