The leading Equator Principles banks face huge challenges in reaching consensus on the latest reforms to the financing standards. Their proposals have much to commend them – but there is room to go further, says Suellen Lazarus The steering committee guiding the redrafting of the Equator Principles (EPs) has faced a daunting task. With limited […]
Dutch bankgroups and pension funds invest in two companies that in that past year have supplied radio equipment to Syrian police, and a data-storage system for internet control to the Syrian authorities. This research is commissioned by Oxfam Novib and IKV Pax Christi and covers the Italian company Finmeccanica – that already in 2011, came […]
Activists call on financial institutions and governments to ban explosive investments Worldwide, 137 private and public financial institutions continue to invest almost US$43 billion into producers of banned cluster munitions. Leading financial investors and loan providers include: Citigroup, JP Morgan Chase, Goldman Sachs, Deutsche Bank and China Merchants Bank. The detail and extent of global […]
RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard” Today Rainforest Action Network, BankTrack and the Sierra Club released the Coal Finance Report Card 2012, their third annual ranking of the largest financiers of mountaintop removal coal mining and coal-fired power plants. The report looks at the stated […]
West LB have decided not to finance oil & gas development projects in the arctic and F & C have dropped Arctic oil explorers Cairn from their ethical portfolio. The German corporate finance & investment bank, West LB, launched a new environmental policy in February and its guidelines are important in relation to the push […]
Growing Banking Sector Provides Profitable Option for Investors and Opportunities for Entrepreneurs A new study shows that sustainable values-based banks, which base their decisions first and foremost on the needs of people and the environment, are outperforming traditional mainstream banks in many areas, including financial indicators such as return on assets, growth in loans and […]