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2 Dec 2014

BankTrack report finds banks not yet living up to human rights obligations under UN Guiding Principles


In December 2014 BankTrack released a new report titled "Banking with Principles?". The report assesses 32 of the largest global banks against the UN Guiding Principles on Business and Human Rights.  Banks were assigned a score of between 0 and 12 depending on their performance against 12 criteria. 

Business & Human Rights Resource Centre contacted the banks that had not replied to BankTrack during the drafting of the report to ask them to respond in December 2014.  

BBVA, Barclays, Morgan Stanley, Wells Fargo, Santander, Citi, Rabobank, Goldman Sachs, Mitsui Sumitomo, Crédit Agricole.  BBVA, Barlcays, Santander, Citi, Rabobank, Mitsui Sumitomo responded.  We did not receive responses from Morgan Stanley, Wells Fargo, Goldman Sachs or Crédit Agricole.

The Resource Centre also invited 4 other companies criticised in the report to respond: Bumi Resources, Tata Power, APRIL and Corriente Resources.  These companies were alleged by BankTrack to be involved in projects that banks should have financed.

 

Company Responses

Crédit Agricole View Response
Goldman Sachs

No Response

Mitsui Sumitomo Insurance (part of Sumitomo Group) View Response
Citigroup View Response
Rabobank View Response
Santander View Response
Santander View Response
Morgan Stanley

No Response

Wells Fargo

No Response

Barclays View Response

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