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From Glass Ceilings to Factory Floors Dutch Banks' Actions on Gender

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From Glass Ceilings to Factory Floors Dutch Banks' Actions on Gender From glass ceilings to factory floors: Dutch banks’ actions on gender Fair Bank Guide 5 March 2020 Fair Bank Guide From glass ceilings to factory floors: Dutch banks’ actions on gender The Fair Bank Guide is a coalition of the following organizations: Amnesty International, Milieudefensie, Oxfam Novib, PAX and World Animal Protection. 5 March 2020 Research by: the Centre for Research on Multinational Corporations (SOMO) Page | 2 Table of contents Table of contents .............................................................................................................. 3 List of tables ............................................................................................................... 5 Summary ............................................................................................................... 6 Nederlandse samenvatting .............................................................................................. 10 Introduction ............................................................................................................. 15 Chapter 1 Gender in banks’ operations and client and investee relationships ........ 17 1.1 Gender issues in banks’ internal operations ..................................................... 17 1.1.1 Rising expectations for banks to address internal gender inequality .................... 17 1.1.2 The gender pay gap ................................................................................................ 17 1.1.3 Gender inequities in management and board positions ........................................ 18 1.1.4 Gender discrimination and sexual harassment and assault ................................... 19 1.2 Gender issues in banks’ clients and investee relationships ............................... 20 1.3 Normative framework for gender and the financial sector ............................... 20 Chapter 2 Methods ............................................................................................... 25 2.1 Assessment of banks....................................................................................... 25 2.2 Case examples ................................................................................................ 27 Chapter 3 Assessment of banks’ gender due diligence practices ............................ 28 3.1 ABN Amro ...................................................................................................... 28 3.1.1 Gender division in staff, management and board .................................................. 28 3.1.2 Gender pay gap ....................................................................................................... 28 3.1.3 Internal policies and actions on gender ................................................................. 29 3.1.4 Policies and actions on gender towards clients and investees............................... 29 3.1.5 Commitment to addressing gender issues ............................................................. 30 3.1.6 Score ....................................................................................................................... 30 3.2 Volksbank....................................................................................................... 32 3.2.1 Gender division in staff, management and board .................................................. 32 3.2.2 Gender pay gap ....................................................................................................... 32 3.2.3 Internal policies and actions on gender ................................................................. 33 3.2.4 Policies and actions on gender towards clients and investees............................... 33 3.2.5 Commitment to addressing gender issues ............................................................. 34 3.2.6 Score ....................................................................................................................... 35 3.3 ING ................................................................................................................. 36 3.3.1 Gender division in staff, management and board .................................................. 36 3.3.2 Gender pay gap ....................................................................................................... 36 3.3.3 Internal policies and actions on gender ................................................................. 37 3.3.4 Policies and actions on gender towards clients and investees............................... 37 3.3.5 Commitment to addressing gender issues ............................................................. 38 Page | 3 3.3.6 Score ....................................................................................................................... 38 3.4 NIBC ............................................................................................................... 40 3.4.1 Gender division in staff, management and board .................................................. 40 3.4.2 Gender pay gap ....................................................................................................... 40 3.4.3 Internal policies and actions on gender ................................................................. 41 3.4.4 Policies and actions on gender towards clients and investees............................... 41 3.4.5 Commitment to addressing gender issues ............................................................. 41 3.4.6 Score ....................................................................................................................... 41 3.5 Rabobank ....................................................................................................... 43 3.5.1 Gender division in staff, management and board .................................................. 43 3.5.2 Gender pay gap ....................................................................................................... 43 3.5.3 Commitment to addressing gender issues ............................................................. 44 3.5.4 Internal policies and actions on gender ................................................................. 44 3.5.5 Policies and actions on gender towards clients and investees............................... 44 3.5.6 Score ....................................................................................................................... 45 3.6 Triodos Bank .................................................................................................. 47 3.6.1 Gender division in staff, management and board .................................................. 47 3.6.2 Gender pay gap ....................................................................................................... 47 3.6.3 Internal policies and actions on gender ................................................................. 47 3.6.4 Policies and actions on gender towards clients and investees............................... 48 3.6.5 Commitment to addressing gender issues ............................................................. 48 3.6.6 Score ....................................................................................................................... 48 3.7 Van Lanschot Kempen..................................................................................... 50 3.7.1 Gender division in staff, management and board .................................................. 50 3.7.2 Gender pay gap ....................................................................................................... 50 3.7.3 Internal policies and actions on gender ................................................................. 50 3.7.4 Policies and actions on gender towards clients and investees............................... 51 3.7.5 Commitment to addressing gender issues ............................................................. 51 3.7.6 Score ....................................................................................................................... 51 Chapter 4 Cases: The need for gender due diligence in banks’ business relationships. 54 4.1 The extractives sector ..................................................................................... 54 4.2 The electronics sector ..................................................................................... 56 4.3 Suzano Papel e Cellulose & Fibria .................................................................... 58 4.4 H&M .............................................................................................................. 59 Chapter 5 Conclusions and recommendations ....................................................... 61 References ............................................................................................................. 64 Page | 4 List of tables Table 1. Overview of scores per bank. ............................................................................................ 7 Tabel 2. Scoreoverzicht per bank. ................................................................................................ 12 Table 3. Summary of gender-disaggregated data of ABN Amro’s workforce. ................................. 28 Table 4. Scoring table for ABN Amro. ........................................................................................... 30 Table 5. Summary of gender-disaggregated data of Volksbank’s workforce. ................................. 32 Table 6. Scoring table for the Volksbank. ....................................................................................
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