Download data

Select an assessment year:

  • Overall approach
    2/10
    • Overarching commitment on deforestation
      2/6
      Zero net deforestation commitment
      2/6
      "We will [...] Support customers in the agribusiness sectors that [...]Are committed to net zero deforestation by 2020". "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020"
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    31/90
    • Beef & Leather
      23/90
      • Commitment Strength
        13/31
        • Commodity-specific deforestation financing policy
          6.6/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020i . This commits us to:  using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards."
          • 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
            "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020i . This commits us to:  using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards."Scope...For the purpose of this position statement, agribusiness refers to all businesses that cultivate, process, and distribute products from agriculture."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020i . This commits us to:  using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards."Scope...For the purpose of this position statement, agribusiness refers to all businesses that cultivate, process, and distribute products from agriculture."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020i . This commits us to:  using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards."Scope...For the purpose of this position statement, agribusiness refers to all businesses that cultivate, process, and distribute products from agriculture."
          • 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
            "Westpac is a member of the Banking Environment Initiative and a signatory to the Soft Commodities Compact, aligning us with the Consumer Goods Forum’s 2010 resolution to help achieve zero net deforestation by 2020i . This commits us to:  using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards."Scope...For the purpose of this position statement, agribusiness refers to all businesses that cultivate, process, and distribute products from agriculture."
        • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
        • 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
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • 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 seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            Encouraged
            Commitment details
            Encouraged
            0/0
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all deals
            All financing
            0/0.4
            Policy applies to all deals
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all companies
            All financing
            0/0.4
            Policy applies to all companies
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
      • Reporting and Implementation
        5/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          "We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. We require all of our agribusiness customers to be in compliance with local, national, and international ratified law and regulations including industry minimum standards. For all agricultural commodities sectors, we will follow up on credible allegations that customers do not meet our standards and take action as appropriate."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "For all agricultural commodities sectors, we will follow up on credible allegations that customers do not meet our standards and take action as appropriate."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      35/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          7/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline xi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
        • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
        • Companies must monitor operations
          3/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline xi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "This statement applies to: • All products and services excluding Insurance and Wealth Management (Superannuation, Investments and Platforms). • All customers in the agribusiness sector. • All Westpac Group operating locations... Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • 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
            "Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timelinexi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO).""
        • Companies must conduct risk assessments
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)"
          • 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 seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "i Agribusiness refers to all businesses that cultivate, harvest, process, and distribute products fromagriculture. It does not apply to traders that do not take possession of a physical commodity."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            Encouraged
            Commitment details
            Encouraged
            0/0
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all deals
            All financing
            0/0.4
            Policy applies to all deals
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all companies
            All financing
            0/0.4
            Policy applies to all companies
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
      • Reporting and Implementation
        14/31
        • 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?: 1 to 3 years 
          "Palm oil o growers, producers and processors must support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline xi, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. o for manufacturers, traders or retailers we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)... xi A satisfactory timeline for certification can be 1 to 3 years depending on the requirements of the program."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          "We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement.We require all of our agribusiness customers to be in compliance with local, national, and international ratified law and regulations including industry minimum standards.For all agricultural commodities sectors, we will follow up on credible allegations that customers do not meet our standards and take action as appropriate".
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "For all agricultural commodities sectors,we will follow up on credible allegations thatcustomers do not meet our standards and take action as appropriate".
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy; Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          4/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy; Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          4/6
          Westpac report the proportion of each of their palm customers which are certified by RSPO, for customers that are 'Customers (TCE > $1m) involved in oil palm growing and primary processing activities (e.g. plantation estates and mills).'
        • Ethical product in portfolio
          No
    • Soy
      31/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          6.2/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." "This commits us to:[...]using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards" "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." "This commits us to:[...]using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." "This commits us to:[...]using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." "This commits us to:[...]using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • 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
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." "This commits us to:[...]using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
        • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
        • Companies must monitor operations
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RTRS
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." 
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." 
          • 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
            "Soy [...] growers, producers and processors in higher risk geographies must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs." 
        • Companies must conduct risk assessments
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon Stock Approach assessments for forests where appropriate)"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • 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 seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement. "
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            Encouraged
            Commitment details
            Encouraged
            0/0
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all deals
            All financing
            0/0.4
            Policy applies to all deals
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all companies
            All financing
            0/0.4
            Policy applies to all companies
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
      • Reporting and Implementation
        10/31
        • 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?: 1 to 3 years 
          For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Soy ... growers, producers and processors in higher risk geographies xii must support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          "We will not knowingly financeagribusiness customers that are not incompliance with these standards. Where acustomer group also operates in othersectors, we will not knowingly providefinance, directly in support of its companiesthat are not compliant with this positionstatement.We require all of our agribusinesscustomers to be in compliance with local,national, and international ratified law andregulations including industry minimumstandards.For all agricultural commodities sectors,we will follow up on credible allegations thatcustomers do not meet our standards and take action as appropriate".
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "For all agricultural commodities sectors,we will follow up on credible allegations thatcustomers do not meet our standards and take action as appropriate".
        • Reporting on implementation of the policy
          No
          0/6
          Reporting on implementation of the policy
          No
          0/6
          "Customer definition: Customers (TCE > $1m) involved in soybean growing, producing and processing [...] Client achieved 100% soy traceability in one region, and has commenced sale of RTRS-certified soy in key market". However, Westpac did not report on soy in 2020.
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      35/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          6.6/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Timber (including that used for the production of pulp and paper products): o growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."; "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • 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
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Timber (including that used for the production of pulp and paper products): o growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."; "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Timber (including that used for the production of pulp and paper products): o growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."; "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Timber (including that used for the production of pulp and paper products): o growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."; "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
          • 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
            "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following: ... Timber (including that used for the production of pulp and paper products): o growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. o for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."; "This commits us to [...] using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing palm oil, timber products, soy, and beef to zero net deforestation standards"
        • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
          • 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
            "Westpac expects that its customers will operate in accordance with relevant global, regional and national laws and regulations governing sustainability performance dimensions."
        • Companies must monitor operations
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism
            "Timber (including that used for the production of pulp and paper products) [...]] growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Timber (including that used for the production of pulp and paper products) [...]] growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Timber (including that used for the production of pulp and paper products) [...]] growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Timber (including that used for the production of pulp and paper products) [...]] growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • 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
            "Timber (including that used for the production of pulp and paper products) [...]] growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. [...] for manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
        • Companies must conduct risk assessments
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
          • 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 seek to develop relationships with customers that [...] Avoid adverse impacts on High Conservation Value forests (use High Carbon StockApproach assessments for forests where appropriate)" "This statement applies to: All products and services excluding Insurance and Wealth Management(Superannuation, Investments and Platforms)."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
          • 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 seek to develop relationships with agribusiness customers that do not: [...] violate the rights of local communities, such as the principle of free, prior, and informed consent. This includes a commitment to zero tolerance for ‘land grabbing’ [...] We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            Encouraged
            Commitment details
            Encouraged
            0/0
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all deals
            All financing
            0/0.4
            Policy applies to all deals
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all companies
            All financing
            0/0.4
            Policy applies to all companies
            All financing
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0/0.4
            "We will not provide products and services in relation to [...] Any activities giving rise to ‘Land Grabbing’" "Based on the International Land Coalition (2011) Tirana Declaration: Securing Land Access for the Poor in Times of Intensified Natural Resources Competition, land grabbing is defined as ‘large-scale land acquisition or concession which does one or more of the following: violates human rights, particularly thoseof women; flouts the principle of free, prior, and informed consent; takes place without or disregards a thorough assessment of social, economic, and environmental impacts; avoids transparent contracts with clear and binding commitments on employment and benefit sharing; or eschews democratic planning, independent oversight, and meaningful participation’."
      • Reporting and Implementation
        14/31
        • 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?: 1 to 3 years 
          "For specific industries we seek to develop relationships with customers that demonstrate commitment to the following [...] Timber (including that used for the production of pulp and paper products): growers (forest managers) and processors must support the Forest Stewardship Council (FSC) or a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          Monitoring and non-compliance process
          Ad-hoc audits
          2.5/5
          "We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement.We require all of our agribusiness customers to be in compliance with local, national, and international ratified law and regulations including industry minimum standards.For all agricultural commodities sectors, we will follow up on credible allegations that customers do not meet our standards and take action as appropriate".
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "For all agricultural commodities sectors,we will follow up on credible allegations thatcustomers do not meet our standards and take action as appropriate".
        • Reporting on implementation of the policy