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1.2 Policy approval
Is the bankʼs human rights policy commitment approved at the most senior level of the business?
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BankTrack
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About the data

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The BankTrack Global Human Rights Benchmark is an independent assessment of the world’s largest commercial banks, measuring how they respect human rights in their policies, practices, and business relationships. Built on the UN Guiding Principles on Business and Human Rights, the benchmark evaluates banks across key themes, including policy commitments, due diligence, remedy, and specific issues such as the protection of human rights defenders, free, prior, and informed consent, and environmental rights.

Why this metric is important: The UN Guiding Principles state that a business’ human rights policy should be approved at the most senior level of the business enterprise. Ensuring senior management attention to and accountability for human rights is likely to help ensure policies and procedures are effective, as is also recognised by the Corporate Human Rights Bench- mark, with which this criterion is aligned.

Methodology

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Requirements for full and half score:

Full score: The bankʼs human rights policy commitment is approved by the Board or the CEO by name AND a Board member or Board committee is tasked with specific governance oversight of one or more areas of respect for human rights.

Half score: The bankʼs human rights commitment is explicitly approved by the Board or the CEO by name, but without a Board member or committee being tasked with governance, or vice versa. Or, the bank meets the criteria for a full score, but its policy commitment does not meet the standard of a commitment to respect human rights in 1.1.

Full methodology can be found in the report.
License
CC BY 4.0 attribution
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Topics
Human Rights
Social
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Framework Mappings
Value Type
Category
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Options
Yes
Partially
No
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Assessment
Steward Assessed
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