Banco del Estado – BancoEstado

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalitySocial and Environmental Risk Policy
The Social and Environmental Risk Policy of BancoEstado takes into account the provisions of national legislation in these matters, especially Law 19 300 on General Bases of the Environment, its amendments, public policies and, of course, all relevant complementary legislation. Likewise, this Policy declares that it takes as a reference some international standards to determine, evaluate and manage the social and environmental risks of projects citing as an example The Equator Principles, IFC’s Performance Standards, among others, without prejudice to the fact that its interpretation, application and scope will depend on definitions and updates that are explicitly established in this Policy. (p3)
The policy requires compliance with national laws and mentions international laws, but does not reference key ones.partly
No Corruption and Tax EvasionManual de Ética
Lavado de activos, financiamiento al terrorismo y cohecho.- Para enfrentar el lavado de dinero, el
financiamiento del terrorismo, el cohecho, los fraudes y demás actos ilícitos, los trabajadores y
colaboradores de BancoEstado deben adecuar sus decisiones y actuaciones a lo previsto en el Manual de
Prevención de Lavado de Activos, el Modelo de Prevención de Delitos y su manual específico y la normativa
interna complementaria referida en el Reglamento Interno de Orden, Higiene y Seguridad. Asimismo,
quienes trabajan en BancoEstado o participan de alguna forma en su gestión, han de tomar conciencia que
su actuación puede dar lugar no sólo a responsabilidades individuales, sino también a responsabilidades
institucionales, sean de orden civil, penal o administrativo.
The policy does not cover corruption nor tax evasion.not
Ensure ESIA for mills and plantationsNo publicly available policies or documentation were found that cover this criteria.not
Social requirements
Ensure FPICNo publicly available policies or documentation were found that cover this criteria.not
Respect Human RightsCorporate Sustainability Policy (2017)
Promote and respect Human Rights under the guidance of the Universal Declaration of Human Rights, the Guiding Principles of the United Nations on Business and Human Rights and other frameworks internationally recognized and adopted by the State of Chile. (p6) (This includes ILO core conventions - https://www.ilo.org/dyn/normlex/en/f?p=NORMLEXPUB:11200:0::NO::P11200_COUNTRY_ID:102588)

Social and Environmental Risk Policy
LIST OF EXCLUSION - BancoEstado has defined to abstain from participating in financing for companies that, within their main activity, produce or market the following goods and or services: (...) Production or activities that involve forced or child labor (p8)
Slave and Child labour are excluded and international conventions on human rights should be respected.well
Respect Indigenous rights and customary land use rightsNo publicly available policies or documentation were found that cover this criteria.not
No forced resettlementNo publicly available policies or documentation were found that cover this criteria.not
Environmental Requirements
No forest degradation and deforestationSocial and Environmental Risk Policy
LIST OF EXCLUSION - BancoEstado has defined to abstain from participating in financing for companies that, within their main activity, produce or market the following goods and or services: (...) Production or commercialization of wood or other forest products without being from sustainably managed forests (p8)
There is a requirement for clients to manage their forests sustainably, but no explanation on what that actually means.not
Protect endangered speciesNo publicly available policies or documentation were found that cover this criteria.not
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionNo publicly available policies or documentation were found that cover this criteria.not
Corporate association / scope of the policy
Corporate association / scope of the policyNo publicly available policies or documentation were found that cover this criteria.not