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Select an assessment year:

  • Overall approach
    6/10
    • Overarching commitment on deforestation
      4/6
      Deforestation-free commitment
      4/6
      "We are guided by our Position Statements which outline the minimum criteria we require from our clients to achieve the goal of zero net deforestation in soft commodity supply chains by 2020...We will not provide financial services to clients who:Develop new plantations or livestock ranches which convert or degrade:High Conservation Value forests (“HCV”);High Carbon Stock forests (“HCS”);Peatlands; or Designated legally protected areas"
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      Is the financial risk recognised by the financial institution reputational, financial, material, etc.?: Reputational 

      How is awareness shown?: Signatory to the BEIs Soft Commodity Compact or another finance sector initiative on deforestation
      "We continue to track our clients’ performance, on a quarterly basis, against our metrics and report our progress to our Group Reputational Risk Committee... We became a signatory to the Compact (BEI Soft Commodity Compact) in 2015. The Compact focuses upon the four commodities that have the largest impact upon deforestation, namely soy, palm oil, beef and timber. (Please note Standard Chartered has no meaningful exposure to cattle and therefore this report focuses on palm oil, soy and timber).This report sets out our approach to managing risks in these supply chains and contains data on our client’s adherence to our standards and how we support the Compact." 
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    37/90
    • Beef & Leather
      27/90
      • Commitment Strength
        6/31
        • Commodity-specific deforestation financing policy
          3.4/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "We will not provide financial services directly towards: • New plantations or livestock ranches which convert or degrade High Conservation Value (HCV) or High Carbon Stock (HCS) Primary forests, peatlands, Key Biodiversity Areas (“KBA”) or designated legally protected areas such as National Parks and Wildlife Reserves."; "We will not provide financial services to clients who: ...Have operations that adversely impact upon the Outstanding Universal Value of UNESCO World Heritage SitesHave operations that are located within, or significantly impact negatively upon wetlands designated under the Ramsar Convention on Wetlands of International ImportanceConvert or degrade High Conservation Value (HCV), High Carbon Stock (HCS) forests, or peatlands"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not provide financial services directly towards: • New plantations or livestock ranches which convert or degrade High Conservation Value (HCV) or High Carbon Stock (HCS) Primary forests, peatlands, Key Biodiversity Areas (“KBA”) or designated legally protected areas such as National Parks and Wildlife Reserves."; "We will not provide financial services to clients who: ...Have operations that adversely impact upon the Outstanding Universal Value of UNESCO World Heritage SitesHave operations that are located within, or significantly impact negatively upon wetlands designated under the Ramsar Convention on Wetlands of International ImportanceConvert or degrade High Conservation Value (HCV), High Carbon Stock (HCS) forests, or peatlands"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not provide financial services directly towards: • New plantations or livestock ranches which convert or degrade High Conservation Value (HCV) or High Carbon Stock (HCS) Primary forests, peatlands, Key Biodiversity Areas (“KBA”) or designated legally protected areas such as National Parks and Wildlife Reserves."; "We will not provide financial services to clients who: ...Have operations that adversely impact upon the Outstanding Universal Value of UNESCO World Heritage SitesHave operations that are located within, or significantly impact negatively upon wetlands designated under the Ramsar Convention on Wetlands of International ImportanceConvert or degrade High Conservation Value (HCV), High Carbon Stock (HCS) forests, or peatlands"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not provide financial services directly towards: • New plantations or livestock ranches which convert or degrade High Conservation Value (HCV) or High Carbon Stock (HCS) Primary forests, peatlands, Key Biodiversity Areas (“KBA”) or designated legally protected areas such as National Parks and Wildlife Reserves."; "We will not provide financial services to clients who: ...Have operations that adversely impact upon the Outstanding Universal Value of UNESCO World Heritage SitesHave operations that are located within, or significantly impact negatively upon wetlands designated under the Ramsar Convention on Wetlands of International ImportanceConvert or degrade High Conservation Value (HCV), High Carbon Stock (HCS) forests, or peatlands"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We will not provide financial services directly towards: • New plantations or livestock ranches which convert or degrade High Conservation Value (HCV) or High Carbon Stock (HCS) Primary forests, peatlands, Key Biodiversity Areas (“KBA”) or designated legally protected areas such as National Parks and Wildlife Reserves."; "We will not provide financial services to clients who: ...Have operations that adversely impact upon the Outstanding Universal Value of UNESCO World Heritage SitesHave operations that are located within, or significantly impact negatively upon wetlands designated under the Ramsar Convention on Wetlands of International ImportanceConvert or degrade High Conservation Value (HCV), High Carbon Stock (HCS) forests, or peatlands"
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; UNGP; UN Declaration of HR; Forced Labour; Child Labour
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        12/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Before we provide financial services to a Corporate or Commercial Banking client, our relationship managers carry out an Environmental & Social Risk Assessment (ESRA). This allows us to evaluate their performance against our environmental and social requirements. The client ESRA is also reviewed every year. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "The ESRA is reviewed each year to capture any changes to the client’s level of compliance with our Position Statements and their associated risk profile. We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate"
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate those issues." "We'll decline transactions or exit relationships where clients show insufficient intent or progress to meeting the requirements we set"
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      42/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          7.3/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
        • Companies must monitor operations
          5.3/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): RSPO

            Type of policy: Assurance mechanism
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; UNGP; UN Declaration of HR; Forced Labour; Child Labour
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        19/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: 5 years
          "We will only provide financial services to clients who: Have Roundtable on Sustainable Palm Oil (“RSPO”) membership at the parent or subsidiary level, and achieve 100% RSPO certification of owned or managed units of production, within 5 years – applicable to Producers;Publicly commit to No Deforestation, No Peat and No Exploitation (“NDPE”), verified by credible assessors when developing new plantations – applicable to Producers; andHave RSPO membership at the parent or subsidiary level and have a time-bound plan to achieve RSPO Supply Chain Certification of owned facilities, and/or obtain a Traders License – applicable to Refiners and Traders with direct linkages to units of production (plantations)."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Before we provide financial services to a Corporate or Commercial Banking client, our relationship managers carry out an Environmental & Social Risk Assessment (ESRA). This allows us to evaluate their performance against our environmental and social requirements. The client ESRA is also reviewed every year. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "The ESRA is reviewed each year to capture any changes to the client’s level of compliance with our Position Statements and their associated risk profile. We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate"
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate those issues." "We'll decline transactions or exit relationships where clients show insufficient intent or progress to meeting the requirements we set"
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "Our refreshed Position Statements came into effect from March 2019. These outline new, stricter standards that Standard Chartered expects clients to meet, who operate in industries known to have the potential for severe negative environmental or social impacts. As part of the review process, we conducted an in-depth review of our palm oil and forestry portfolio and categorised our clients as Red, Amber and Green[3] according to their alignment with the new requirements of our revised Position Statements. Multiple areas of expertise in the bank contributed to the review including teams in Environmental & Social Risk Management, Portfolio Management, Reputational Risk and our Relationship Managers. We continue to track our clients’ performance, on a quarterly basis, against our metrics and report our progress to our Group Reputational Risk Committee. The below table shows our clients alignment with our revised Position Statement requirements"
        • Ethical product in portfolio
          No
    • Soy
      39/90
      • Commitment Strength
        12/31
        • Commodity-specific deforestation financing policy
          3.5/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers
            0.3/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers
            0.3/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
        • Companies must monitor operations
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): RTRS

            Type of policy: Assurance mechanism
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers...Soy categorisation: Red, Amber, Green status is based on client’s implementation of Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme (i.e. RTRS Chain of Custody standards for soy) as well as compliance to our prohibition on direct financing to our client’s operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers...Soy categorisation: Red, Amber, Green status is based on client’s implementation of Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme (i.e. RTRS Chain of Custody standards for soy) as well as compliance to our prohibition on direct financing to our client’s operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers...Soy categorisation: Red, Amber, Green status is based on client’s implementation of Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme (i.e. RTRS Chain of Custody standards for soy) as well as compliance to our prohibition on direct financing to our client’s operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers...Soy categorisation: Red, Amber, Green status is based on client’s implementation of Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme (i.e. RTRS Chain of Custody standards for soy) as well as compliance to our prohibition on direct financing to our client’s operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Standard Chartered We will not provide financial services directly towards: Operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado.We expect clients to: Implement a Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme – applicable to processors, traders and wholesalers...Soy categorisation: Red, Amber, Green status is based on client’s implementation of Sustainable Sourcing Policy, and/or operate a Chain of Custody system under a recognised industry certification scheme (i.e. RTRS Chain of Custody standards for soy) as well as compliance to our prohibition on direct financing to our client’s operations that grow, process or trade soy from the Brazilian Amazon or Brazilian Cerrado."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; UNGP; UN Declaration of HR; Forced Labour; Child Labour
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact[...] Thun Group Guiding Principles: an interpretation for banks"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        19/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "Across all sectors, all our clients in Red are on a time-bound plan to comply with our new requirements. Our goal for the remainder of 2019 and beyond is to continue to engage with our palm oil, forestry and soy clients in Amber to ensure they move into Green and support a deforestation free supply chain by 2020."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Before we provide financial services to a Corporate or Commercial Banking client, our relationship managers carry out an Environmental & Social Risk Assessment (ESRA). This allows us to evaluate their performance against our environmental and social requirements. The client ESRA is also reviewed every year. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "The ESRA is reviewed each year to capture any changes to the client’s level of compliance with our Position Statements and their associated risk profile. We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate"
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate those issues." "We'll decline transactions or exit relationships where clients show insufficient intent or progress to meeting the requirements we set"
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "Our refreshed Position Statements came into effect from March 2019. These outline new, stricter standards that Standard Chartered expects clients to meet, who operate in industries known to have the potential for severe negative environmental or social impacts. As part of the review process, we conducted an in-depth review of our palm oil and forestry portfolio and categorised our clients as Red, Amber and Green[3] according to their alignment with the new requirements of our revised Position Statements. Multiple areas of expertise in the bank contributed to the review including teams in Environmental & Social Risk Management, Portfolio Management, Reputational Risk and our Relationship Managers. We continue to track our clients’ performance, on a quarterly basis, against our metrics and report our progress to our Group Reputational Risk Committee. The below table shows our clients alignment with our revised Position Statement requirements" This table includes soy
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      41/90
      • Commitment Strength
        14/31
        • Commodity-specific deforestation financing policy
          5.4/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "Effective from March 2022.We will not provide financial services to clients who:Develop new plantations by converting or degrading High Conservation Value (HCV) or High Carbon Stock (HCS) forests, legally protected areas, or peatlands. Use fire in forestry or plantation operations including in the clearance and preparation of land for planting.Are involved in illegal logging or trading activities. We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Effective from March 2022.We will not provide financial services to clients who:Develop new plantations by converting or degrading High Conservation Value (HCV) or High Carbon Stock (HCS) forests, legally protected areas, or peatlands. Use fire in forestry or plantation operations including in the clearance and preparation of land for planting.Are involved in illegal logging or trading activities. We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Effective from March 2022.We will not provide financial services to clients who:Develop new plantations by converting or degrading High Conservation Value (HCV) or High Carbon Stock (HCS) forests, legally protected areas, or peatlands. Use fire in forestry or plantation operations including in the clearance and preparation of land for planting.Are involved in illegal logging or trading activities. We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Effective from March 2022.We will not provide financial services to clients who:Develop new plantations by converting or degrading High Conservation Value (HCV) or High Carbon Stock (HCS) forests, legally protected areas, or peatlands. Use fire in forestry or plantation operations including in the clearance and preparation of land for planting.Are involved in illegal logging or trading activities. We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Effective from March 2022.We will not provide financial services to clients who:Develop new plantations by converting or degrading High Conservation Value (HCV) or High Carbon Stock (HCS) forests, legally protected areas, or peatlands. Use fire in forestry or plantation operations including in the clearance and preparation of land for planting.Are involved in illegal logging or trading activities. We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We expect our clients to comply with all applicable local laws and regulations, as well as international conventions that their country has ratified."
        • Companies must monitor operations
          5.3/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): FSC
            "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles:ake key mitigation measures, guided by the principle of Free, Prior and Informed Consent (as detailed in IFC Performance Standard 7)"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; UNGP; UN Declaration of HR; Forced Labour; Child Labour
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We are committed to respecting universal human rights. We assess our clients against the following international principles [...] International Bill of Human Rights [...] International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work [...] International Labour Organisation (ILO) Conventions 138 (Minimum Age) and 182 (Worst Forms of Child Labour) [...] UN Guiding Principles on Business and Human Rights (the ‘Ruggie Principles’)[...] UN Convention on the Rights of the Child [...] UN Global Compact [...] Thun Group Guiding Principles: an interpretation for banks"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        19/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: Not specified
          "We will only provide financial services to clients:Have Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certification for their production sites; or have an agreed timebound plan to achieve certification – applicable to producers. Follow an appropriate chain of custody scheme (FSC, PEFC or equivalent scheme1) for timber, pulp or paper products originating from high risk countries2, to demonstrate the legal origin of the timber, including certification for those species regulated under the Convention of International Trade of Endangered Species (CITES) – applicable to processors, manufacturers and traders"
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Before we provide financial services to a Corporate or Commercial Banking client, our relationship managers carry out an Environmental & Social Risk Assessment (ESRA). This allows us to evaluate their performance against our environmental and social requirements. The client ESRA is also reviewed every year. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "The ESRA is reviewed each year to capture any changes to the client’s level of compliance with our Position Statements and their associated risk profile. We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate"
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "We engage directly with our clients when there are challenges in complying with our standards set out for these sectors, seeking to formulate a time-bound action plan to strengthen their environmental and social management systems and engaging with external specialists if appropriate to improve our client’s capacity to manage and mitigate those issues." "We'll decline transactions or exit relationships where clients show insufficient intent or progress to meeting the requirements we set"
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "Our refreshed Position Statements came into effect from March 2019. These outline new, stricter standards that Standard Chartered expects clients to meet, who operate in industries known to have the potential for severe negative environmental or social impacts. As part of the review process, we conducted an in-depth review of our palm oil and forestry portfolio and categorised our clients as Red, Amber and Green[3] according to their alignment with the new requirements of our revised Position Statements. Multiple areas of expertise in the bank contributed to the review including teams in Environmental & Social Risk Management, Portfolio Management, Reputational Risk and our Relationship Managers. We continue to track our clients’ performance, on a quarterly basis, against our metrics and report our progress to our Group Reputational Risk Committee. The below table shows our clients alignment with our revised Position Statement requirements" This table includes forestry. 
        • Ethical product in portfolio
          No
  • Commitment strength
    12/31
    Avg. score
  • Reporting and Implementation
    17/31
    Avg. score
  • Social considerations
    8/28
    Avg. score

Profile

Standard Chartered are an international banking group headquartered in London, providing banking products and services for both personal and business customers. Their services include commercial banking and corporate finance, as well as retail banking, insurance, investment and wealth management. As of 2017, Standard Chartered's total assets stand at over 650 billion USD, their lending amounts to more than 260 billion USD, and they have nearly 60 billion USD in assets under management for private customers. Standard Chartered are among the top lenders to Forest 500 companies, predominantly in the food products and agriculture sectors.

HQ
HQ 
United Kingdom
Financial institution type
Financial institution type 
Bank, Insurance Company

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.