DOCSLIB.ORG

ING Wholesale Banking

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ING Wholesale Banking ING Wholesale Banking ING Group Investor Day 2016 William Connelly, Head of Wholesale Banking, Member of Management Board Banking Amsterdam • 3 October 2016 Key messages • ING Wholesale Banking has a clear strategic roadmap and is delivering on its priorities • We are a leading European wholesale bank generating strong results • We have increased efficiency and reduced complexity through our Target Operating Model (TOM) • We have successfully grown the business while maintaining a prudent risk profile • Lending growth supports diversification and sustainability • ING WB is committed to servicing our global client base and achieving sustainable returns 2 ING Wholesale Banking is delivering on all priorities and targets From Good to Better – March 2014 Today • Lay foundation for further growth • Target Operating Model rolled out globally across the network Transformation • Introduced InsideBusiness, our full service integrated portal Programme • Global services and operating hubs started in Manila and Bratislava (WB TOM) • IT system complexity reduced (~450 systems decommissioned) • Cost savings targets realised consistently • Achieve core lending growth • Diversified asset growth at 13% CAGR from 2013 to 1H16 > 5% CAGR by 2017 • Centres of excellence established in Germany and Belgium Growth across • To support balance sheet optimisation • Successfully launched Working Capital Solutions to EUR 7 bln the network • While maintaining risk discipline • Sustainable Transitions Financed increased to EUR 28 bln • Risk costs reduced to 32 bps of RWA in 1H16 • Mitigate RWA impact on FM • Successfully mitigated Basel 2.5/3 impact on FM RWA (EUR 23 bln) Active Balance • Portfolio review • Non-core assets fully run-off Sheet Management 3 We continue to produce strong commercial and financial results Cost income ratio Income (in EUR bln) Expenses (in EUR bln) (in %, excl. CVA/DVA) CAGR +4.1% CAGR +1.6% 47.0 47.5 5.6 2.6 45.3 45.9 44.8 4.9 5.3 4.9 2.4 2.4 2.4 2.8 1.3 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1H16 Risk costs Result before tax Return on equity* (in EUR bln and bps of RWA) (in EUR bln) (in %, excl. CVA/DVA) 71 68 CAGR +18.0% 2.5 12.5 37 2.1 2.0 10.9 11.2 11.9 11.7 1.0 33 32 0.9 1.5 1.3 0.5 0.5 0.2 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1H16 * ROE based on 10% of average RWA 4 We are a leading European wholesale bank with global reach Wholesale Banking result before tax ING Bank result before tax 1H16* 1H16** Wholesale Banking Wholesale Banking 1% • We are a primary relationship EUR 1,282 mln 20% driven European bank with global 44% NL reach EUR Belux 6% • Our clients are premier 39% 1,282 Germany international and domestic blue mln EUR Other C&G chip corporates, as well as 3,323 12% WB RoW multinationals and leading mln Other financial institutions 61% 17% • We facilitate our clients’ business 8% through our international network 9% across Europe, Asia and the Retail Banking Americas EUR 2,041 mln EUR • We serve our clients in sectors 1,282 where we have proven expertise 20% mln through our global franchises in 63% Industry Lending and General Lending Industry Lending General Lending & Transaction Services • We support our clients’ flow Wholesale Banking Financial Markets ** business through comprehensive Retail Banking Bank Treasury & Other offerings in Transaction Services * ING Bank result before tax excluding Corporate Line (-/- EUR 128 mln) and Financial Markets ** Including CVA/DVA 5 We service primary relationships in over 40 countries 32% 44% UK 24% 8% 14% Americas Asia 38% Market 49% 25% 29% 61% 63% Leaders 16% 22% 13% Challengers European 41% & Growth 50% Network Markets 28% 43% Local revenue Incoming revenue Outgoing revenue Local revenues are revenues from local companies and institutions, booked locally; Incoming revenues are revenues from non-local companies and institutions, serviced locally and booked locally; Outgoing revenues are revenues from local companies and institutions, serviced non-locally and booked non-locally 6 WB TOM improves the client experience and increases efficiency Wholesale Banking Target Operating Model (WB TOM) Cumulative gross cost savings and targets (in EUR mln) • We digitalise the Wholesale Banking offering for our clients 350 375 405 415 415 203 260 20 50 60 60 through InsideBusiness across geographies and franchises 138 10 315 340 355 355 355 355 • Global services and operating hubs provide services directly 138 185 260 to our clients across geographies -70 • Target technology rollouts are progressing across Lending, 2013 2014 2015 2016 2017 2018 2019 2020 2021 Transaction Services and Financial Markets New announced restructuring provision New announced WB TOM extension target • We will continue to further drive simplification, business Initial WB TOM target growth and innovation via extension of the programme Realised Multi-Country Multi-Product Cost income ratio Wholesale Banking in 1H16 (in %) International reach, multiple Online client interactions in languages and support an integrated platform 87% 83% 76% 72% 61% 57% 45% 34% Credit Deutsche BNPP SocGen Barclays Uni- ING Santander Multi-Device Suisse Credit Platform accessible via Web and App * Source: company financial disclosures 7 Lending growth supports diversification and sustainability Wholesale Banking lending growth… …supports diversification… Customer lending (in EUR bln) WB Customer lending growth by region since end-2013 160 CAGR ~ +5% 2% 4% 12 10% Netherlands 117 CAGR +13% 10 25% Belux 33 163 Challengers 26 EUR Growth Markets 106 43 bln Asia 72 Americas 15% 37% Other 2013 1H16 Indicative 2020 7% Industry Lending General Lending Transaction Services Run-off and Other …and sustainability Wholesale Banking risk costs in bps of average RWA Sustainable transitions financed 71 68 40-45 bps of RWA 2015 EUR 23.8 bln through the cycle 1H16 EUR 27.8 bln 37 33 32 Ambition 2020 > EUR 35 bln 2012 2013 2014 2015 1H16 8 FM aims to deliver sustainable returns and strong ROE Income (in EUR mln) and ROE (in %) • Financial Markets income holds up well in difficult markets Excl. CVA/DVA • Focus on increasing client penetration through global account management 12.1% • Cost reduction programmes are accelerated through product simplification 10.3% 6.8% • eCommerce is developed to improve the client experience and reduce costs 7.3% 6.7% 1,339 1,292 1,218 1,244 • We will adapt to market conditions and the changing regulatory environment 624 2012 2013 2014 2015 1H16 FM Income FM RoE Room for cross-sell growth in Case study FM restructuring to offset the Basel 2.5 / 3 impact Corporates segment* • Potential RWA growth was FM RWA (in EUR bln) substantially mitigated through 19% proactive management actions +93% 23 68% FM • Operations in Mexico restructured +13% 4 Cross-sell and product portfolio streamlined on WB 81% Clients • Balance sheet steering via product 30 30 32% repricing • Counterparty clearing and exposure 2012 2015 Corporates Financial Institutions management centralised Basel 2 Basel 2.5 and 3 Estimated impact * Data analysis 2014: cross-sell in Financial Institutions segment is high with 81% of FI clients generating FM income 9 Isabel Fernandez has joined ING on 1 September 2016 as MBB member and will become Head of WB as of 1 November Isabel Fernandez, Member Management Board Banking • Isabel joined ING from General Electric where she most recently was Global Commercial Leader and Head of Sales for the company, functionally responsible for GE’s 20,000+ global sales force • Prior to that role, Isabel spent 15 years at GE Capital, most notably as Global Chief Commercial Officer, as CEO of Bank Loans, Chief Commercial Officer of EMEA and CEO of European Telecom, Media & Technology • Before joining GE, Isabel worked in banking, in roles in the area of Leveraged lending, Project Finance, Global relationship management. • Isabel holds a Master of Law from Leiden University, the Netherlands 10 Appendix ING WB lending credit outstandings are well diversified by product ING Bank* Retail Banking* Wholesale Banking* 6% 8% 1% 13% 31% 13% 35% EUR 3% EUR EUR 43% 617 403 214 bln 65% bln bln 16% 22% 10% 12% 9% 13% Retail Banking Mortgages Netherlands Structured Finance Wholesale Banking Other lending Netherlands Real Estate Finance Mortgages Belgium General Lending Other lending Belgium Transaction Services Mortgages Germany FM, Bank Treasury & Other Other lending Germany General Lease run-off Mortgages Other C&GM Other lending Other C&GM • ING Bank has a well-diversified and collateralised loan book with a strong focus on own-originated mortgages • 65% of the portfolio is retail-based * 30 June 2016 lending and money market credit risk outstanding, including guarantees and letters of credit, but excluding undrawn committed exposures (off-balance sheet positions) 12 ING WB lending credit outstandings are well diversified by geography and sector Loan portfolio is well diversified across geographies… …and sectors Lending Credit O/S Wholesale Banking (2Q16)* Lending Credit O/S Wholesale Banking (2Q16)* 1% NL 13% 3% Builders & Contractors 19% Belux 12% 6% Germany Central Banks 8% 5% 9% EUR Other Challengers Commercial Banks 3% 214 3% Growth Markets 10% EUR 7% Non-Bank Financial Institutions UK 214 Food, Beverages & Personal Care bln 4% 14% 12% European network (EEA**) 4% bln General Industries 5% European network (non-EEA) Natural Resources Oil & Gas 3% 8% North America 15% 9% 7% 14% Natural Resources Other**** Rest of Americas 6% Asia Real Estate Africa Services Transportation &
Load more

Recommended publications
  • SAP® SOLUTIONS and ACCOUNTING STRATEGIES © Copyright 2007 SAP AG
    SAP Solution in Detail SAP for Banking ACCOUNTING IN BANKS: SAP® SOLUTIONS AND ACCOUNTING STRATEGIES © Copyright 2007 SAP AG. All rights reserved. HTML, XML, XHTML and W3C are trademarks or registered trademarks of W3C®, World Wide Web Consortium, No part of this publication may be reproduced or transmitted in Massachusetts Institute of Technology. any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed Java is a registered trademark of Sun Microsystems, Inc. without prior notice. JavaScript is a registered trademark of Sun Microsystems, Inc., Some software products marketed by SAP AG and its distributors used under license for technology invented and implemented contain proprietary software components of other software by Netscape. vendors. MaxDB is a trademark of MySQL AB, Sweden. Microsoft, Windows, Excel, Outlook, and PowerPoint are registered trademarks of Microsoft Corporation. SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver, Duet, PartnerEdge, and other SAP products and services IBM, DB2, DB2 Universal Database, OS/2, Parallel Sysplex, mentioned herein as well as their respective logos are trademarks MVS/ESA, AIX, S/390, AS/400, OS/390, OS/400, iSeries, pSeries, or registered trademarks of SAP AG in Germany and in several xSeries, zSeries, System i, System i5, System p, System p5, System x, other countries all over the world. All other product and System z, System z9, z/OS, AFP, Intelligent Miner, WebSphere, service names mentioned are the trademarks of their respective Netfinity, Tivoli, Informix, i5/OS, POWER, POWER5, POWER5+, companies. Data contained in this document serves informational OpenPower and PowerPC are trademarks or registered purposes only.
    [Show full text]
  • Fitch Ratings ING Groep N.V. Ratings Report 2020-10-15
    Banks Universal Commercial Banks Netherlands ING Groep N.V. Ratings Foreign Currency Long-Term IDR A+ Short-Term IDR F1 Derivative Counterparty Rating A+(dcr) Viability Rating a+ Key Rating Drivers Support Rating 5 Support Rating Floor NF Robust Company Profile, Solid Capitalisation: ING Groep N.V.’s ratings are supported by its leading franchise in retail and commercial banking in the Benelux region and adequate Sovereign Risk diversification in selected countries. The bank's resilient and diversified business model Long-Term Local- and Foreign- AAA emphasises lending operations with moderate exposure to volatile businesses, and it has a Currency IDRs sound record of earnings generation. The ratings also reflect the group's sound capital ratios Country Ceiling AAA and balanced funding profile. Outlooks Pandemic Stress: ING has enough rating headroom to absorb the deterioration in financial Long-Term Foreign-Currency Negative performance due to the economic fallout from the coronavirus crisis. The Negative Outlook IDR reflects the downside risks to Fitch’s baseline scenario, as pressure on the ratings would Sovereign Long-Term Local- and Negative increase substantially if the downturn is deeper or more prolonged than we currently expect. Foreign-Currency IDRs Asset Quality: The Stage 3 loan ratio remained sound at 2% at end-June 2020 despite the economic disruption generated by the lockdowns in the countries where ING operates. Fitch Applicable Criteria expects higher inflows of impaired loans from 4Q20 as the various support measures mature, driven by SMEs and mid-corporate borrowers and more vulnerable sectors such as oil and gas, Bank Rating Criteria (February 2020) shipping and transportation.
    [Show full text]
  • ING Pressrelease
    Press release Corporate Communications Amsterdam, 25 February 2021 ING appoints Anne-Sophie Castelnau global head of Sustainability Anne-Sophie Castelnau has been appointed ING’s global head of Sustainability per 1 April 2021. She will succeed Amin Mansour, who fulfilled the role on an interim basis. Anne-Sophie is currently head of Wholesale Banking for ING in France. Anne-Sophie Castelnau (French) joined ING in France in 2005. Before she became head of Wholesale Banking in France, she held various senior management positions, including head of Corporate Lending and head of Client Coverage. Before she joined ING, Anne-Sophie worked for French banks Natixis and Crédit Industriel et Commercial. Since she became head of ING Wholesale Banking in France in 2017, Anne-Sophie has had a strong focus on sustainable finance. She has been involved in bringing over 25 sustainability deals to fruition, including the first sustainability linked loan in France in 2017. Announcements on Anne-Sophie’s successor as head of Wholesale Banking in France will be made as and when appropriate. Note for editors For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. ING presentations are available at SlideShare. Press enquiries Investor enquiries Daan Wentholt ING Group Investor Relations +31 20 576 6386 +31 20 576 6396 [email protected] [email protected] ING PROFILE ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
    [Show full text]
  • ING Credit Update 4Q2020
    ING Credit Update 4Q2020 ING Investor Relations 12 February 2021 Key points . 2020 was a year marked by the Covid-19 pandemic and the unprecedented challenges it presented to our customers, employees and society. We continue to take actions to provide support and with vaccination programmes being rolled out globally, we look forward to return to more normal circumstances in the near future . We continue our efforts to build a sustainable company, also reflected in our strong ESG profile . The current environment underscores the strength of our digital business model. We continued to grow primary customers, as they choose us as their go-to bank, while mobile interactions further increased . Pre-provision result was resilient, though the impact from Covid-19 is visible, most notably on lending and savings. After years of growth, 2020 net core lending was down by €2.5 bln, while net deposit inflow was high at €41.4 bln . Fee growth was good, as our actions on investment products and daily banking more than compensated for the impact of the Covid-19 pandemic on fees for payments and lending . 2020 risk costs were €2.7 bln with ~30% in Stage 1 and 2, mainly due to Covid-19, reflecting IFRS 9 related provisions and management overlays. For 2021 we expect to move close to our through-the–cycle average of ~25 bps . The Stage 3 ratio remained low at 1.7% and we are confident on the quality of our loan book, supported by a proven risk management framework with a strong track record, also compared to peers .
    [Show full text]
  • Anheuser-Busch Inbev
    Sustainability Guide 2013 Company and Sector Analysis of the STOXX® Europe 50 Index Featuring the new Inrate Sustainability Assessment Impact is at the heart of the Inrate Sustainability Analysis Foreword The publication of the 2013 Inrate Sustainability Guide of companies and sectors in the STOXX® EUROPE 50 index is an important step in the validation of our work. It is the outcome of a three year Research and Development project which has brought to fruition developments in our methodology we have long believed in. Sustainability analysis is often criticized, for focusing too much on the facade erected by companies rather than on the Philippe Spicher, true impact of the building which lies behind it. This approach CEO Inrate was perhaps justified in the beginning, when sustainability initiatives reflected a genuine awareness and commitment on the part of companies. But as soon as environmental and so- first analyze and understand a company’s business activi- cial communication became fashionable it was often the case ties as well as the environmental and social issues at stake. the more the building was cracked, the more the facade was For example, child labor is a fundamental issue for clothing decorated. brands and chocolate manufacturers but it is marginal for many other companies. Global warming affects the entire The phenomenon of green washing is one reason why highly economy but not always to the same extent. To complicate controversial companies are sometimes found at the top of matters further, few companies are confined to a single busi- current sustainability rankings. Another reason is the im- ness activity and many companies have diversified their busi- proper application of best-in-class methodology which sim- ness over several industries.
    [Show full text]
  • ING to Sell Stake in ING-BOB Life to BNP Paribas Cardif
    CORPORATE COMMUNICATIONS PRESS RELEASE Amsterdam, 8 July 2013 ING to sell stake in ING-BOB Life to BNP Paribas Cardif ING announced today that it has agreed to sell its 50% stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif, the insurance arm of BNP Paribas. The transaction, which is subject to regulatory approval, is not expected to have a material impact on ING Group results. The transaction is part of ING’s earlier announced process to divest ING’s insurance and investment management businesses. The process to divest the remaining insurance and investment management businesses in Asia is on-going and any further announcements will be made if and when appropriate. Today’s announcement does not affect ING Bank’s 13.7% stake in Bank of Beijing, nor does it affect ING’s Commercial Banking activities in China. ING’s Chinese life insurance joint venture was established in 2002 and today operates eight branches in seven provinces and municipalities in China. It offers savings and protection products to families in China through an agency network and through bank branches. Press enquiries Investor enquiries Victorina de Boer ING Group Investor Relations +31 20 57 66373 +31 20 57 66396 [email protected] [email protected] ING PROFILE ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position as an international retail, direct
    [Show full text]
  • ING Commercial Banking Strong Performance Through the Financial Crisis
    ING Commercial Banking Strong performance through the financial crisis ING Benelux Conference William Connelly CEO Commercial Banking Paris – 27 May 2011 www.ing.com ING Bank is making good progress on Ambition 2013, supported by strong results from Commercial Banking • ING Bank is a liability driven Bank with a European footprint • Bank is making good progress on Ambition 2013 • Bank core Tier 1 ratio increased to 10.0% as a result of strong capital generation • Commercial Banking performed well during the crisis and is well positioned for the future • One bank, one balance sheet ING Benelux Conference - 27 May 2011 2 ING Bank has a European footprint and strong growth potential ING Direct active in the ING Retail is #2 bank in United States and Canada Netherlands and #4 in Belgium, also active in Central Eastern Europe ING Retail active in China, India and Thailand ING Commercial Banking has an international network in 40 countries With key positions in ING Direct active in Structured Finance and Austria, France, Germany, Financial Markets Spain, Italy and the UK ING Direct in Australia ING Benelux Conference - 27 May 2011 3 ING Bank is a liability driven Bank Large deposit base (31 Dec 2010, EUR bln) Funds Entrusted (31 Mar 2011) HSBC 916 12% RBS 707 5% Santander 581 35% BNP Paribas 553 Deutsche Bank 534 ING Bank 519 Credit Agricole 501 Lloyds 457 48% Intesa Sanpaolo 427 Barclays 401 Unicredit 394 Retail Banking Benelux Societe Generale 337 Rabobank 299 Retail Banking Direct BBVA 276 Retail Banking CEE & Asia UBS 266 Commercial Banking
    [Show full text]
  • ING Pressrelease
    Press release Corporate Communications Amsterdam, 19 February 2020 Ralph Hamers to leave ING to become CEO of UBS Ralph Hamers, CEO of ING, will step down from his position and leave ING as of 30 June 2020. After 29 years at ING he will join UBS on 1 September 2020 and will become Group Chief Executive Officer per 1 November 2020. Over the past six years Ralph Hamers has transformed ING into a leading digital bank, on the way to become the go-to financial platform for our customers. He created value for all stakeholders and played a leading role in driving sustainability efforts in the financial industry. Hans Wijers, chairman of the Supervisory Board of ING said: “Ralph has done an exemplary job in preparing our bank for the future with our Think Forward strategy. His vision and customer focus have been an inspiration throughout the years he served as CEO. We will continue to build on the foundations Ralph has laid and we have strong confidence in our strategic direction. We regret to see Ralph leave but want to thank him for all his contributions to ING and wish him well in the new role he will take up later this year. In the coming months Ralph will continue to lead ING and prepare for the transition of leadership.” Ralph Hamers said: “I am proud of what we have accomplished during the more than six years I had the privilege to lead ING. We completed our restructuring plan and paid back the Dutch State in full. We set the strategic course for ING based on our purpose of ‘empowering people to stay a step ahead in life and in business’.
    [Show full text]
  • ING Pressrelease
    Press release Corporate Communications Amsterdam, 16 March 2020 ING to nominate Juan Colombás, Herman Hulst and Harold Naus as members of the Supervisory Board ING will propose to the Annual General Meeting (AGM) to appoint Juan Colombás, Herman Hulst and Harold Naus to the Supervisory Board. The proposed appointments are part of the proxy materials for ING’s 2020 AGM on 28 April 2020 which are published today. Juan Colombás (1962, Spanish) currently is chief operating officer of Lloyds Banking Group, from which he will retire in July 2020. From 2011-2017 he served as chief risk officer of Lloyds Banking Group, joining the Board in 2013. From 1986-2010 he served in various senior risk, control and business management functions at Santander, including chief risk officer at Santander UK. Herman Hulst (1955, Dutch) was an accountant at EY from 1973-2016. During this period he served at EY and predecessor firms in various professional roles with a focus on the financial services sector. He was a member of EY’s Global Financial Services Executive Committee from 1992-2000, Country Managing Partner for the Netherlands from 2004-2006. From 2004-2009 he was a member of EY’s Global Executive leadership team. Lastly he served as Global Vice Chair Japan and member of Global Practice Group from 2009 until his retirement. Harold Naus (1969, Dutch) is CEO of Cardano Risk Management and CFO of Cardano Group, an international risk and pension specialist helping pension funds and companies manage their financial risks with asset management, hedging and defined benefit solutions. From 1997-2014 Harold Naus served in various roles at ING including Global Head of Trading Risk Management from 2003-2006 and from 2006-2014 General Manager Market Risk Management including responsibility for trading risk, asset & liability management, retail market risk, and liquidity risk.
    [Show full text]
  • Unicredit Ns Eng 08
    THIS DOCUMENT IS A TRANSLATION OF THE ITALIAN VERSION OF THE SUMMARY NOTE APPROVED BY CONSOB AS COMPETENT HOME MEMBER STATE AUTHORITY AND IS MADE UNDER THE SOLE RESPONSIBILITY OF UNICREDIT S.P.A. Summary Note Prepared in accordance with the regulations adopted by CONSOB with Decision no. 11971 of 14 May 1999, as subsequently amended, and with Article 24 of Commission Regulation (EC) No 809/2004 of 29 April 2004 implementing Directive 2003/71/EC UniCredit S.p.A. Registered office – Via Alessandro Specchi 16, Rome Central Management Office – Piazza Cordusio, Milan Entered in the Register of Banks and Parent Company of the UniCredit Banking Group, entered in the Register of Banking Groups under no. 02008.1 Rome Trade and Companies Register, Tax Code and VAT No 00348170101 Share capital subscribed and fully paid-up: Euro 12,148,463,316.00 Member of the Interbank Deposit Protection Fund and the National Deposit Guarantee Fund Summary Note filed with CONSOB on 4 January 2012, pursuant to the notice of approval in a memorandum dated 4 January 2012, file no. 12000920. The publication of the Summary Note does not represent any opinion of CONSOB on the investment opportunity proposed or on the merit of the data and information contained therein. The Summary Note must be read in conjunction with the UniCredit S.p.A. Registration Document filed with CONSOB on 15 December 2011, pursuant to the notice of approval in a memorandum dated 14 December 2011, file no. 11098908, and the Securities Note filed with CONSOB on 4 January 2012, pursuant to the notice of approval in a memorandum dated 4 January 2012, file no.
    [Show full text]
  • The Banktrack Human Rights Benchmark 2019 Third Edition, November 2019 Contents Key Findings
    The BankTrack Human Rights Benchmark 2019 Third Edition, November 2019 Contents Key findings ..............................................................................................3 Summary table of results ...........................................................................4 Introduction ..............................................................................................5 Box: What are the Guiding Principles? ..........................................................5 Category 1: Policy commitment ..................................................................8 Box: New and updated human rights policies .............................................. 11 Category 2: Due diligence process.............................................................. 12 Box: The UK Modern Slavery Act ................................................................ 17 Category 3: Reporting .............................................................................. 18 Box: Reporting on specific companies and projects ...................................... 21 Category 4: Remedy ................................................................................. 22 Box: Current policy landscape on Free, Prior and Informed Consent ............... 25 Results by region ..................................................................................... 26 Call to action for banks ............................................................................ 27 Appendix I: Full table of results ................................................................
    [Show full text]
  • Representative Participant List by Alpha
    Open Standards Benchmarking® Representative Participant List 0-9 2 SISTERS EUROPE A ADOBE SYSTEMS 3M ADP 3S SOLVAY ADRENALIN ESYSTEMS 50HERTZ TRANSMISSION ADVA OPTICAL NETWORKING 7-ELEVEN ADVANCE FOOD COMPANY A AAA ADVANCE PUBLICATIONS AARP ADVANCED BUSINESS GRAPHICS ABB ADVANCED COATING TECHNOLOGIES ABBOTT ADVANCED MICRO DEVICES ABBOTT PRODUCTS ADVANCED SEMICONDUCTOR ENGINEERING ABENGOA ADVENTIST HEALTH SYSTEM ABERCROMBIE & FITCH ADVERTISING RESOURCES ABERTIS TELECOM AEGON ABU DHABI NATIONAL ENERGY COMPANY AEON AC NIELSEN AERA ENERGY ACC LIMITED AERO INVENTORY ACCESS INSURANCE HOLDINGS AEROLÍNEAS ARGENTINA ACCIONA ENERGÍA AES ELETROPAULO ACCOR AETNA ACCORD HOLDINGS AFFILIATED FOODS ACCUITY AFFILIATES MANAGEMENT COMPANY ACCUTEK PACKAGING EQUIPMENT AFH STORES ACE AFLAC INCORPORATED ACE INA INSURANCE AFRICAN DEVELOPMENT BANK ACEA AFRISAM CEMENT ACER AFTONBLADET HIERTA ACME INDUSTRIES AGCO ACTARIS AGF BRASIL INSURANCE ACTEGA TERRA AGFA HEALTHCARE ACXIOM AGFA-GEVAERT ADAPTEC AGGREGATE INDUSTRIES ADELAIDE CLINIC HOLDINGS AGGREKO INTERNATIONAL ADI AGILENT TECHNOLOGIES ADIDAS AGL TORRENS ISLAND HOLDINGS ADITYA BIRLA NUVO LIMITED AGRICOLA FORNACE ADMIRAL INSURANCE COMPANY AGRICULTURAL BANK OF CHINA © 2017 APQC Generated on 12/4/2017 Open Standards Benchmarking® Representative Participant List A AGRO-ON A ALIGN TECHNOLOGY, INC. AICHI BANK ALIMENTATION COUCHE-TARD AIG SEGUROS ALIMENTOS POLAR AIOI NISSAY DOWA INSURANCE ALITALIA AIR CANADA ALK ABELLO AIR CHINA ALKERMES AIR FRANCE ALLAHABAD BANK AIR LIQUIDE ALLEGHANY CORPORATION AIR PRODUCTS ALLEGIANCE
    [Show full text]