We are committed to working with customers that support social and environmental sustainability in their approach. We recognise that one of the most valuable contributions we can make, is to inform and work with our customers to understand risks and opportunities posed by their operations and to manage their social and environmental impacts. This can include the effect of their operations on human rights, biodiversity, cultural heritage, indigenous rights, health and safety, governance and environmental sustainability.
The Policy outlines the social and environmental factors to be taken into account by our bankers when considering large business transactions1. It incorporates our approach to human rights, including our ‘zero tolerance’ for land acquisition and involuntary resettlement that we consider improper, as well as labour rights issues such as modern slavery.
We review the Policy at least every three years, with oversight from our Ethics and Responsible Business Committee to ensure it remains fit-for-purpose. The review takes into account changes to customer practices, international standards, emerging social and environmental issues, and stakeholder feedback.