In this section, you will find the list of 'Financial Sector' questions that is used in the Financial sector ranking matrices. The questions are categorized into three areas: Climate Change, Ecology and Human Rights. Clicking on a question heading will provide you with more background information, guidelines and possible jurisdiction for the question.
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“Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.” Wikipedia
Questions about Climate Change
Financial Sector Climate Change Question 1:
Is there evidence of board level involvement in the company’s climate related policies and initiatives?
Financial Sector Climate Change Question 2:
Does the brand report on its support for renewable energy companies and projects?
Financial Sector Climate Change Question 3:
In order to facilitate the reduction in the carbon footprint of its financed portfolio, does the brand have a clear policy avoiding investments in carbon-intensive projects and companies?
Financial Sector Climate Change Question 4:
Does the brand offer climate-related investment and/or retail products to consumers?
Financial Sector Climate Change Question 5:
Has the brand cut down its carbon footprint for 'own operations' to net zero carbon emissions (i.e. carbon neutral)?
Financial Sector Climate Change Question 6:
Does the brand use more than 50% of renewable energy for its electricity of 'own operations'?
Financial Sector Climate Change Question 7:
Does the brand measure its 'financed' or ‘underwritten’ emissions of at least one portfolio and does it aim to reduce this?
Questions about Ecology
Financial Sector Ecology Question 1:
Does the brand have a clear general policy to protect biodiversity?
Financial Sector Ecology Question 2:
Does the brand identify higher risk areas / countries requiring extra attention outside of the general (if any) biodiversity policy and does the brand have a strict policy on this?
Financial Sector Ecology Question 3:
Does the brand publish the portfolios of its financial services including a breakdown of sectors and countries for at least 60% of its business?
Financial Sector Ecology Question 4:
Does the brand clearly refrain from financial services to parties or operations that directly or indirectly are detrimental to animal welfare?
Financial Sector Ecology Question 5:
Does the brand's policies for sectors producing and consuming chemicals insist on compliance with the 'precautionary principle'?
Questions about Labour Conditions and Human Rights
Financial Labour Conditions and Human Rights Question 1:
Does the brand's policy insist on human rights related compliance (e.g. UN Human Rights Norms for Business) for all its services?
Financial Labour Conditions and Human Rights Question 2:
Does the brand monitor continued human rights related compliance for all its services?
Financial Labour Conditions and Human Rights Question 3:
Does the brand refrain from providing financial services to parties or operations that are directly or indirectly non compliant to the letter and spirit of the international arms control treaties (including the cluster munitions and arms trade treaties which are under development)?
Financial Labour Conditions and Human Rights Question 4:
Does the brand's financing services policy provide for compliance to the labour standards as described in the ILO declaration on fundamental principles and rights at work and does the brand define higher risk countries or sectors which require additional diligence?