Minderoo Foundation No PlasticWaste
Plastic Waste Makers Index
No Plastic Waste
Plastic Waste Makers Index
2021
Data
Indices
Top 100 Banks

Plastic Waste Makers Index

Top 100 banks financing polymer producers

Producers
Investors
Banks

Twenty of the world’s largest banks, including Barclays, HSBC and Bank of America, have lent an estimated US$30 billion for the production of single-use plastic polymers since 2011.

Notes regarding the table below:

  • Number of deals is defined as lending and under-writing deals (2011 to 2020).
  • Total value of loans and underwriting is in US$BN.
  • Value of loans and underwriting adjusted for share of business from in-scope polymer production is estimated, and in US$BN (from Jan 2011 to Dec 2020).
  • Single-use plastic (SUP).
Rank Bank Headquarters location Number of deals (2010-2019) Number of companies lending & underwriting Total value of loans & underwriting Value share of loans of SUP polymer production Value share of equity underwriting of SUP polymer production Value share of bonds underwriting of SUP polymer production Total value share of lending & underwriting of SUP polymer production
1 Barclays United Kingdom 477 23 68.3 3.1 0.7 1.5 5.4
2 JPMorgan Chase United States 636 28 90.5 2.7 0.3 2.0 5.0
3 Citigroup United States 746 32 96.7 2.8 0.4 1.9 5.1
4 Bank of America United States 561 27 73.3 2.9 0.1 1.2 4.2
5 HSBC United Kingdom 600 36 68.5 3.1 0.2 1.4 4.7
6 Mitsubishi UFJ Financial Japan 599 32 54.3 2.1 0.0 0.8 2.9
7 Deutsche Bank Germany 340 23 41.7 1.0 0.3 0.9 2.2
8 Mizuho Financial Japan 571 33 49.1 1.5 0.0 0.7 2.3
9 SMBC Group Japan 495 32 47.4 1.5 0.0 0.6 2.2
10 Goldman Sachs United States 320 22 37.5 0.5 0.4 0.7 1.6
11 UniCredit Italy 173 14 17.3 1.1 0.1 1.0 2.1
12 BNP Paribas France 445 29 42.5 1.0 0.0 0.7 1.7
13 Credit Suisse Switzerland 167 15 17.9 0.8 0.2 0.3 1.3
14 Morgan Stanley United States 377 22 40.9 0.3 0.3 1.0 1.6
15 Crédit Agricole France 322 25 27.3 1.0 0.0 0.6 1.7
16 Société Générale France 321 24 31.5 1.0 0.0 0.6 1.6
17 ING Group Netherlands 178 22 11.5 1.0 – 0.3 1.3
18 NatWest United Kingdom 163 22 15.4 0.5 0.0 0.1 0.7
19 UBS Switzerland 117 21 13.7 0.3 0.1 0.3 0.7
20 Bangkok Bank Thailand 65 5 5.2 0.4 0.1 0.4 0.9
21 Lloyds Banking Group United Kingdom 79 7 7.9 0.4 – 0.2 0.6
22 Raiffeisen Bank International Austria 63 4 3.4 0.5 0.0 0.4 0.9
23 Santander Spain 143 14 15.0 0.3 0.0 0.5 0.8
24 Siam Commercial Bank Thailand 65 5 6.5 0.3 0.0 0.5 0.8
25 Industrial and Commercial Bank of China China 203 20 19.2 0.6 – 0.2 0.8
26 Shanghai Pudong Development Bank China 73 7 8.9 0.4 – 0.5 0.8
27 Erste Group Austria 65 3 3.1 0.4 0.0 0.4 0.8
28 Wells Fargo United States 310 14 15.1 0.5 0.0 0.3 0.8
29 Scotiabank Canada 206 16 10.8 0.8 0.0 0.2 1.1
30 Krung Thai Bank Thailand 65 4 5.7 0.3 0.0 0.4 0.7
31 Commerzbank Germany 98 11 5.8 0.4 0.0 0.3 0.7
32 Standard Chartered United Kingdom 279 22 19.5 0.3 – 0.2 0.6
33 Bank of China China 273 23 23.4 0.3 0.0 0.3 0.6
34 BNDES Brazil 6 2 2.0 0.5 – – 0.5
35 ANZ Australia 118 16 8.7 0.4 – 0.1 0.5
36 Bank of New York Mellon United States 51 6 4.1 0.4 – 0.0 0.4
37 Taiwan Financial Holding Taiwan 85 9 2.4 0.5 – -0.0 0.5
38 Kasikornbank Thailand 55 4 3.6 0.0 0.0 0.4 0.5
39 Yuanta Financial Taiwan 73 6 2.1 0.0 0.0 0.4 0.5
40 Intesa Sanpaolo Italy 117 15 9.0 0.3 – 0.1 0.4
41 Royal Bank of Canada Canada 159 10 16.6 0.5 0.0 0.2 0.8
42 Regions Financial United States 23 6 1.8 0.4 – 0.0 0.4
43 Toronto-Dominion Bank Canada 70 7 5.6 0.7 0.0 0.1 0.8
44 European Investment Bank Luxembourg 9 5 3.3 0.4 – 0.0 0.4
45 Landesbank Baden-Württemberg (LBBW) Germany 21 2 1.7 0.2 – 0.2 0.4
46 State Bank of India India 162 6 14.0 0.3 0.0 0.0 0.3
47 Mega Financial Taiwan 88 10 2.4 0.3 – 0.1 0.4
48 PNC Financial Services United States 89 9 4.0 0.4 0.0 0.0 0.4
49 KDB Financial Group South Korea 77 12 3.3 0.2 – 0.1 0.3
50 Sberbank Russia 8 1 2.1 0.3 – 0.0 0.3
51 First Abu Dhabi Bank United Arab Emirates 112 9 11.2 0.3 0.0 0.0 0.3
52 China Minsheng Banking China 63 7 11.1 0.1 – 0.2 0.3
53 Nordea Finland 17 5 1.2 0.3 – -0.0 0.3
54 JBIC Japan 14 8 12.3 0.3 – – 0.3
55 Masterlink Securities Taiwan 38 2 1.2 – 0.1 0.2 0.3
56 Itaú Unibanco Brazil 8 2 1.2 0.0 – 0.2 0.3
57 China Construction Bank China 119 11 10.5 0.1 – 0.1 0.3
58 Export Development Canada Canada 52 9 4.5 0.5 – -0.0 0.5
59 World Bank United States 15 3 0.7 0.2 – – 0.2
60 Northern Trust United States 16 5 4.7 0.2 – – 0.2
61 BMO Financial Group Canada 33 8 1.9 0.1 0.0 0.0 0.1
62 Taiwan Cooperative Financial Taiwan 65 11 1.4 0.2 – 0.0 0.2
63 DZ Bank Germany 35 7 1.8 0.2 – 0.1 0.3
64 DBS Singapore 134 12 7.0 0.2 0.0 0.0 0.2
65 Banco Bilbao Vizcaya Argentaria (BBVA) Spain 99 18 6.8 0.2 0.0 0.1 0.2
66 Hua Nan Financial Taiwan 76 9 1.6 0.2 – 0.0 0.2
67 Gazprombank Russia 7 1 1.4 – 0.2 0.1 0.2
68 China Development Financial Holding Taiwan 60 4 1.0 0.0 – 0.2 0.2
69 Fubon Financial Taiwan 54 7 1.3 0.1 – 0.1 0.2
70 Agricultural Bank of China China 103 8 13.1 0.0 – 0.2 0.2
71 Sumitomo Mitsui Trust Japan 84 11 5.2 0.2 – – 0.2
72 CTBC Financial Holding Taiwan 46 8 1.2 0.2 – 0.0 0.2
73 Nomura Japan 63 10 4.3 0.0 0.0 0.1 0.2
74 China International Capital Corporation China 68 6 8.1 – – 0.2 0.2
75 CITIC China 129 7 10.0 0.0 0.0 0.1 0.2
76 Korea Investment Holdings South Korea 80 5 3.2 – 0.0 0.2 0.2
77 NongHyup Financial South Korea 119 5 5.9 0.0 0.0 0.1 0.2
78 Axis Bank India 50 7 4.9 0.0 0.0 0.1 0.2
79 Chang Hwa Commercial Bank Taiwan 42 10 0.9 0.2 – – 0.2
80 Guosen Securities China 24 4 2.7 – 0.2 0.0 0.2
81 Taishin Financial Group Taiwan 24 4 0.8 0.1 0.0 0.1 0.2
82 United Overseas Bank Singapore 86 11 4.9 0.1 0.0 0.0 0.1
83 Bradesco Brazil 14 1 0.7 0.1 – 0.0 0.1
84 KfW Germany 22 8 2.8 0.2 – 0.0 0.2
85 Banco do Brasil Brazil 13 1 0.6 0.1 – 0.0 0.1
86 Industrial Bank Company China 64 5 9.4 0.0 – 0.1 0.1
87 BPCE Group France 72 12 6.4 0.1 0.0 0.0 0.1
88 Norinchukin Bank Japan 41 8 3.0 0.1 – 0.0 0.1
89 DNB Norway 61 9 4.2 0.1 0.0 0.0 0.1
90 China Merchants Group China 128 6 9.3 0.0 – 0.1 0.1
91 KB Financial Group South Korea 96 5 3.2 0.0 0.0 0.1 0.1
92 China Development Bank China 31 5 4.8 0.1 – 0.1 0.1
93 Korea Eximbank South Korea 31 9 2.9 0.1 – – 0.1
94 Riyad Bank Saudi Arabia 43 4 5.0 0.1 0.0 0.0 0.1
95 ICICI Bank India 84 6 3.6 0.0 0.0 0.1 0.1
96 Far Eastern International Bank Taiwan 27 3 0.5 0.0 – 0.1 0.1
97 Capital Securities China 27 2 0.5 – – 0.1 0.1
98 HDFC Bank India 25 3 3.2 – 0.0 0.1 0.1
99 CSC Financial China 79 6 6.3 – – 0.1 0.1
100 Public Investment Fund Saudi Arabia 4 2 5.2 0.1 – – 0.1