ABN-AMRO

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalitySustainability Risk Policy
The policy is supported by the various voluntary sustainability initiatives that the bank has endorsed and that define the standard for sustainability in corporate behaviour in general or banking in particular. These include the United Nations Environment Programme Finance Initiative (UNEP FI), the ten principles of the UN Global Compact, the Principles for Responsible Investments (PRI), the Equator Principles, the OECD Guidelines for Multinational Enterprises, the UN Guiding Principles for Business and Human Rights, and the ILO Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy.

Manufacturing policy:
á Clients of the bank declare that they comply with all relevant (social and environmental) legislation and regulations)

Agro Commodities policy - Exclusions:
The ABN AMRO Exclusion List contains all activities that ABN AMRO excludes from its financing and services. Related to the Agri-commodities sector these exclusions are:
- Logging of or trade in illegally harvested or uncertified timber (FSC, PEFC or equivalent) as well as logging in uncertified primary forest.:
The bank's policies require respect for key international norms, as specifically excludes any finance for activities that involve illegal loggingwell
No Corruption and Tax EvasionCode of conduct:
* Fraud, Bribary and corruption
(...) we conduct business with integrity and avoid all forms of fraud, bribery and corruption. We expect the same from our clients and business partners. (...)
DO NOT ACCEPT, offer, pay, give, ask for or authorise a bribe, nor turn a blind eye to fraud, bribery or corrupt behaviour (...)
ASSESS the bribery and corruption risk of your client (...)
END your relationship with any client or business partner (or reject any potential prospect) who poses an unacceptable risk of fraud, bribery or corruption
RECOGNISE AND REPORT any known or suspected instances of fraud, bribery and corruption to your manager and compliance officer

Agro Commodities policy, Appendix 4: Policy or code of conduct that addresses bribery and corruption
(...)we aim to comply with the letter and the spirit of tax legislation, to balance the interests of our various stakeholders, and not to be involved in tax evasion or aggressive tax planning. We welcome similarly high standards from our clients. (...)
DO NOT ACCEPT clients who you know (or should know) evade tax
DO NOT FACILITATE tax evasion
DO NOT USE, or actively participate in, structures that are designed for aggressive tax planning or tax avoidance (...)
The code of conduct prohibits clients to be involved in corruption or tax avoidance, as well as aggressive tax avoidance structureswell
Ensure ESIA for mills and plantationsAgro Commodities policy :
Appendix 4 - 12. Prior to new operations including land transfer or expansion of existing production site(s): > environmental (HCV) and social impact assessments undertaken and mitigation plans in place.
There is a requirement for an ESIA for new forestry operations, but there is no requirement for the bankÕs client to public disclose the information. There is also no requirement or an ESIA for mills.partly
Social requirements
Ensure FPICExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities resulting in the infringement of the rights of indigenous and/or vulnerable groups without their Free Prior and Informed Consent (FPIC)

Agro Commodities policy :
Appendix 4 - 12. Prior to new operations including land transfer or expansion of existing production site(s): > free, prior and informed consent is obtained, or consultation is undertaken

Manufacturing policy:
3. Clients have in place effective operational-level grievance mechanisms for stakeholders who may be adversely impacted.
FPIC is required whenever indigenous people or vulnerable groups are affected.well
Respect Human RightsExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities causing adverse human rights impacts

Human Rights statement
In the due diligence, ABN assesses:
_ The client's policies and practices in dealing with human rights relevant to its operations (...).
_ Whether the client's policies and practices follow international standards as set by the UN, and international good practices such as membership of UN Global Compact, grievance mechanisms and principles such as Free Prior and Informed Consent.
_ The client's human rights due diligence processes and the monitoring of its human rights performance.

Manufacturing policy:
4. Clients have identified key human rights impacts of their own business and have a Code of Conduct or policy in place stating their commitment to respect Human Rights based on the UN Human rights Conventions and the Core Labour Conventions of the ILO. At least the following Human Rights are addressed; working times, forced and child labour, discrimination and the right to collective bargaining.

Agro Commodities policy - Exclusions:
- Activities causing human rights violations, e.g. child labour, the exploitation of children, bonded and/or forced (child) labour and human trafficking.
ABN AMRO will not knowingly finance or invest in activities that cause human rights violationswell
Respect Indigenous rights and customary land use rightsExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities resulting in the infringement of the rights of indigenous and/or vulnerable groups without their Free Prior and Informed Consent (FPIC)
FPIC is required whenever indigenous people or vulnerable groups are affected. This includes their land rights.well
No forced resettlementExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities resulting in the infringement of the rights of indigenous and/or vulnerable groups without their Free Prior and Informed Consent (FPIC)

Agro Commodities policy :
Exclusions - The ABN AMRO Exclusion List contains all activities that ABN AMRO excludes from its financing and services. Related to the Agri-commodities sector these exclusions are:
- Activities resulting in resettlement of indigenous and/or vulnerable groups without Free Prior and Informed Consent (FPIC).
FPIC is required whenever indigenous people or vulnerable groups are affected. This includes resettlementwell
Environmental Requirements
No forest degradation and deforestationExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities resulting in conversion or degradation of protected areas or critical habitats.

Agro Commodities policy :
Exclusions - The ABN AMRO Exclusion List contains all activities that ABN AMRO excludes from its financing and services. Related to the Agri-commodities sector these exclusions are:
- Logging of or trade in illegally harvested or uncertified timber (FSC, PEFC or equivalent) as well as logging in uncertified primary forest.
- Activities resulting in significant conversion or degradation of a critical habitat (critical habitat includes UNESCO World Heritage sites, areas subject to Ramsar Convention on Wetlands, protected areas as per IUCN categories I-IV, and habitat required for the survival of endangered species as defined by the IUCN Red List of Threatened Species).
Appendix 4 - Commitment to source from production sites which protect HCV Forest, HCS and peatland
12. Prior to new operations including land transfer or expansion of existing production site(s): > commitment to protect HCS and peatland
The policy protects HCV, HCS, peat and protected areas. It does allow logging, and the potential conversion, in primary forests if certified. In these cases, PEFC is accepted, which is not considered to be strong enough by EPN, to provide any guarantees.partly
Protect endangered speciesExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Trading of plant or animal species, or products thereof, in violation of CITES

Agro Commodities policy :
Exclusions - The ABN AMRO Exclusion List contains all activities that ABN AMRO excludes from its financing and services. Related to the Agri-commodities sector these exclusions are:
- Activities resulting in significant conversion or degradation of a critical habitat (critical habitat includes UNESCO World Heritage sites, areas subject to Ramsar Convention on Wetlands, protected areas as per IUCN categories I-IV, and habitat required for the survival of endangered species as defined by the IUCN Red List of Threatened Species).
The policy prohibits trading in species protected by Cites, but does not explicitly prohibit the trade in IUCN Red list species, though it does exclude activities that impact the habitats of IUCN Red List species.partly
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Deforestation or the burning of natural ecosystems for the purpose of land clearance relating to the establishment of large scale agricultural plantations

Agro Commodities policy :
Exclusions - The ABN AMRO Exclusion List contains all activities that ABN AMRO excludes from its financing and services. Related to the Agri-commodities sector these exclusions are:
- Burning of natural occurring ecosystems, such as forests and savanna, for the purpose of land clearing for the establishment of large scale agricultural plantations.
Appendix 4 - Implementation of zero burning and fire prevention measures on own production sites and in supply chain.
The policy requires clients to have a zero burn policy, that also applies to supplierswell
Protect peatAgro Commodities policy :
Appendix 4 - Commitment to source from production sites which protect HCV Forest, HCS and peatland ; 12. Prior to new operations including land transfer or expansion of existing production site(s): > commitment to protect HCS and peatland
Plantations on peatland are not prohibited, but producers and processors are required to commit to source from production sites that protect peatland.partly
No persistent pollutionExclusion list
ABN AMRO will not knowingly provide financial products or services that directly facilitate:
á Activities violating the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal

Manufacturing Policy:
5. Clients have identified their key environmental impacts including chemical handling, water and waste treatment, energy efficiency and greenhouse gas reduction and have an environmental policy in place specifying how their key environmental impacts are addressed in production processes.
There are no clear restriction on the use of hazardous chemicals and pesticides.not
Corporate association / scope of the policy
Corporate association / scope of the policyAgro Commodities policy :
Appendix 4 - Minimum requirements for producers, processors and traders. Environmental management systems in place in own operations and in supply chain; For traders: Client has process for supplier selection based on E&S criteria and addresses sustainability issues with suppliers

Manufactoring Policy:
6. Clients have identified key environmental, human rights and health and safety impacts in their supply chain and apply criteria on these impacts for the selection of their suppliers, service providers and contractors and monitor their performance.
Clients are required to have policies that apply to their supply chains. Policies do not apply to holding or sister companies.partly