Royal Bank of Scotland
This company profile is not publicly available
Banking and insurance
One of Europe's largest banking groups. 84% owned by the UK government after bailouts in 2008 and 2009.
|The Royal Bank of Scotland Group plc||UK||website|
|The Royal Bank of Scotland Group plc|
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
[Source 2019][More on Climate Change]
The Equator Principles (EPs) are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to assess and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
[Source 2018][More on Governance]
In 2015 the Fair Finance Guide ranked the top financiers of selected fossil fuels companies (loans & underwriting) and compared it to their financing of renewable energy. This bank appeared 6th in the list of top 25 fossil fuel funders, after providing US$53.1 billion for fossil fuels and only US$5.6 billion for renewable energy between 2009 and 2014.
[Source 2015][More on Climate Change]
The 2018 report "Banking on Climate Change" analyses 36 banks and their financing of tar sands oil, Arctic oil, ultra-deepwater oil, LNG, coal mining, and coal-fired power between 2015 and 2017. This bank invested over US$1.1 billion and received a D+ grade for its policies.
[Source 2018][More on Climate Change]
This document from BankSecrets.org outlines a number of harmful investments made by this bank between 2005 and 2009, including investments in oil companies operating in Sudan, Burma and the Canadian tar sands, arms producers (including nuclear weapons and cluster munitions), a controversial hydropower project in Chile and a controversial Indian mining company.
[Source 2009][More on Human Rights]
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$3 billion into 15 of the 20 nuclear weapons producers named in the report.
[Source 2018][More on Nuclear]
This company received a score of 41.3/100 in the Newsweek Green Rankings 2016, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2016][More on Sustainability Reporting]
Nuclear power is a controversial, dangerous, and expensive form of energy generation. In the years 2000-2009 this company provided more than 8 billion euros of nuclear funding.
[Source 2009][More on Nuclear]
This article from The Ecologist outlines criticisms of this banks involvement in some of the most ecologically damaging energy projects around the world in the past decade. These include financing tar sands projects in Madagascar and Canada; oil and gas operations in sensitive areas of Peru, Greenland, Uganda and Russia; and mountaintop removal coal mining in South America. [Listed under Information due to age of report]
[Source 2011][More on Habitats]
This Nov 2011 report by a group of NGOs examines the financing of 31 major coal-mining companies and 40 producers of coal-fired electricity by 93 banks since 2005, the year the Kyoto Protocol came into force. This bank appears seventh on their list of 'Top Twenty Climate Killer Banks'. The NGOs are calling on the banks to shift their portfolios to renewables and energy efficiency and set and implement ambitious CO2 reduction goals for their financed emissions. [Listed under Information due to age of report]
[Source 2011][More on Climate Change]
This bank appeared at #7 in a list of banks backing expansion in the tar sands. They have loaned US$7.5 billion to companies operating in the Canadian tar sands since 2007, according to Bloomberg. Extracting oil from tar sands produces between 3 and 5 times the greenhouse gas pollution of conventional oil production, pollutes water, destroys forests, and uses huge amounts of energy to process. [Listed under Information due to age of report]
[Source 2010][More on Habitats]
This company has been criticised by ActionAid for having subsidiaries in tax havens. One of the main reasons companies have subsidiaries in tax havens is to dodge their taxes. Developing countries lose more to tax dodging than they receive in aid each year.
[Source 2011][More on Finance]
This company appears on the 2020 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
[Source 2020][More on Human Rights]
The Female FTSE Board Report 2015 examines the percentage of women on the UK's FTSE 100 boards of directors. This company was one of 41 in the FTSE 100 with at least 25% female directors.
[Source 2015][More on Workers Rights]
This bank is a member of the Banking Environment Initiative, which was created in 2010 by the chief executives of some of the world's largest banks. Its stated mission is to lead the banking industry in collectively directing capital towards environmentally and socially sustainable economic development.
[Source 2018][More on Governance]
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This financial institution received a score of 46%.
[Source 2019][More on Forests]
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. BankTrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. Follow the link to see this bank's profile.
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet.
|Company Structure||Public company (84% state-owned)|
|Revenue||US$75.4 billion in 2011|
|# Employees||146,800 in 2011 in World|
|Address||Edinburgh, Scotland, United Kingdom|