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Banks failing environment and social standards - New report by BankTrack and WWF on bank policies

The report, Shaping the Future of Sustainable Finance: Moving the Banking Sector from Promises to Performance, ranked the financing policies of 39 international banks across 13 issue areas, from climate change to human rights...Of the 39 banks surveyed, the report only found two cases where bank policies meet all or most of the relevant international standards or best practices, Rabobank’s adoption of the UN Draft Norms on Human Rights and HSBC’s adoption of the World Commission on Dams standards. The study also found...that the vast majority of banks have no human rights guidelines. The banks surveyed were: ABN AMRO, Banco Bradesco, Banco do Brasil, Banco Itaú, Barclays, BBVA, BNDES, BNP Paribas, Bank of America, Calyon [part of Credit Agricole], CIBC, Citigroup, Credit Suisse Group, Deutsche Bank, Dexia, Dresdner Bank [part of Allianz], HBOS, HSBC Group, HVB Group, ING Group, JP Morgan Chase, KBC, Korean Development Bank, Manulife, MCC, Bank of Tokyo-Mitsubishi [part of Mitsubishi UFJ], Mizuho Financial Group, Rabobank Group, Royal Bank of Canada, Royal Bank of Scotland, Scotia Bank, Société Général, Standard Chartered Bank, Sumitomo Mitsui Financial Group, UBS, Unibanco, Wells Fargo, West LB, and Westpac [also refers to Shell]

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