Banks failing on human rights named

Lloyds Banking Group, Bank of America and Société Générale are among the poorest performers in human rights considerations according to a report published today.

The third BankTrack Human Rights Benchmark ranks commercial banks from leaders to laggards according to their efforts to uphold human rights, and places Dutch bank ABN AMRO top of the league table as the only bank to be classed as a ‘leader’ for the breadth of its human rights commitments and reporting. The highest-performing UK and American banks are Barclays and Citi respectively, which both make it to the ‘front runners’ group.

“There is increasing ‘lip-service’ paid to human rights compliance by the biggest global banks, but in the vast majority of cases it goes no further than this,” said report author Ryan Brightwell. “Banks are still implicated in – or even directly facilitating – human rights abuses, including violations of Indigenous peoples’ rights, land grabs and even war crimes.”

The absolute poorest performers, scoring less than one point out of a possible 14, include the Chinese banks ICBC, Agricultural Bank of China, Bank of China and China Construction Bank, as well as Royal Bank of Canada. All five Canadian banks appeared in the ‘laggards’ section of the table.

    Share Story:

Recent Stories


Your people and the pandemic: Are you doing enough?
Employee health, well-being and security have always been a vital part of risk management, and as organisations seek ways to ensure a smooth, successful and sustainable return to operations amid the evolving environment, careful consideration has to be given to all these areas, and quickly. Published August 2020

Responding to COVID-19: A safe and secure return to work
Learn more from the experts that worked on the recovery of the Diamond Princess. Published July 2020