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Article

13 Sep 2016

Author:
BankTrack

Banking with Principles? Benchmarking Banks against the UN Guiding Principles on Business and Human Rights, second edition

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We benchmarked 45 of the largest banks globally against a set of 12 criteria, based on the requirements of the UN Guiding Principles. These criteria are grouped into four categories: policies, due diligence commitments, reporting and access to remedy. Our key findings are that:

  • Most banks are less than half way towards full implementation of the Guiding Principles.
  • Many laggards; no true leaders.
  • Banks are making progress, but slowly.
  • There are three alarming gaps in implementation by even the front runners.
  • The link between good policies and good implementation appears to be weak.

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