The primary aim of this report is to provide an overview of the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”) and explore their implications for the banking sector… The report also considers the extent to which “hard” domestic and international legal obligations apply to banks, and whether and when banks or […]
Rainforest Action Network Calls on Banks to End All Financing for Coal Today, Morgan Stanley and Wells Fargo released new commitments to cut financing for the global coal industry. Wells Fargo’s policy committed to reduce the bank’s lending to coal mining companies. Morgan Stanley’s policy went further, covering both lending and underwriting, and committing to […]
53 financial institutions prohibit or limit investments in nuclear weapon producers, shows Don’t Bank on the Bomb, a report published today by Dutch peace organization PAX. This is a 150% increase compared to last year’s report. The increase illustrates the growing stigmatization of nuclear weapons because of the renewed focus on their humanitarian consequences. The […]
The Alliance now asks ‘Why isn’t all banking done this way?’ The Global Alliance for Banking on Values (GABV), a not-for-profit organisation representing a network of the world’s leading values-based banks, today released an updated report reinforcing the business case for the growing values-based banking movement. Based on 10 years of data, the GABV is […]
Rainforest Action Network, BankTrack, and the Sierra Club present the 2015 Coal Finance Report Card There’s a growing global recognition that it’s time for banks to stop funding coal: it’s financially risky and implicates them in serious environmental and human rights abuses. But the largest global investment banks continued to finance coal mining and power […]
New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints. As the world’s largest gathering on business and human rights takes place in Geneva, new research from BankTrack has found that global banks are making slow progress in implementing human rights standards, and are failing to live up […]
“Para Egger, as raízes da atual crise dizem respeito ao paradigma e ao nosso ser interior. A salvaguarda da criação implica também uma ecologia do espírito. A grande batalha trava-se na nossa cabeça e, mais ainda, no nosso coração”. Today, as Mizuho Bank takes over from ING as the chair of the Equator Principles Association, […]
In 2013, seven Dutch banks have improved their sustainability policies regarding all told 16 subjects. This applies to ABN Amro, Aegon Bank, ASN Bank, NIBC, Rabobank, SNS Bank and Van Lanschot. Three banks, Delta Lloyd Bank, ING Bank and Triodos, have not introduced policy improvements in 2013, despite the fact that these banks do not […]
Combatting climate change needs real commitments instead of loose guidelines – Banks must urgently curb fossil fuel financing The Green Bonds Principles, a new set of guidelines for issuers of green bonds signed by 13 commercial banks last January, need to be revised to include genuine commitments rather than broad recommendations, and must tackle the […]
RAN’s March 2013 Coal Risk Update focuses on the potential human rights impacts of Arch Coal’s proposed Adkins Fork mountaintop removal mine in Blair, West Virginia. If approved, this mine would destroy the heart of a historically significant battlefield site and would also have severe impacts on the environment and human health. The update finds […]