Banks
Still Coughing up for Coal: Big Banks after the Paris Agreement
BankTrack, with its international partners Rainforest Action Network in the US, Friends of the Earth France, urgewald in Germany and Market Forces in Australia published the report ‘Still Coughing up for Coal: Big Banks after the Paris Agreement‘ in November 2016, during the second week of COP22 in Marrakesh. The report analyses the coal policies […]
Environmentalists Target Bankers Behind Pipeline
In early August, just as protesters from across the country descended on North Dakota to rally against an oil pipeline near the Standing Rock Sioux Reservation, some of the world’s biggest banks signed off on a $2.5 billion loan to help complete the sprawling project. Now, those banks — which include Citigroup and Wells Fargo […]
Banks sponsoring ‘Climate Week NYC’ responsible for investing billions in extreme fossil fuels
Research Shows Bank of America, JPMorgan Chase, and Bank of the West (BNP Paribas) Continue to Play Major Role in Funding Climate Change Activities As ‘Climate Week NYC’ kicks off today, Rainforest Action Network (RAN) questions the climate integrity of three major event sponsors. RAN research shows that these sponsors, Bank of America, JPMorgan Chase, […]
Groups call for openness and commitment to sustainability
As government officials from Brazil, Russia, India, China and South Africa wrapped up proceedings in Shanghai for the first Annual Meeting of the BRICS New Development Bank (NDB), development and environmental groups from BRICS countries called for greater transparency and engagement with civil society as a cornerstone for sustainable development. The NDB’s Annual Meeting July […]
Most banks failing to deliver on UN human rights principles, shows new research
45 banks benchmarked ranked on integration of UN Guiding Principles. Over half of banks are “laggards”, showing little or no evidence of human rights due diligence Most banks have made little progress towards meeting UN human rights principles introduced five years ago this month, and even the most advanced banks have significant gaps in their approach. […]
JP Morgan Chase Cuts Coal Financing, Joins Majority of Largest U.S. Investment Banks
Rainforest Action Network Calls on Banks to End Financing for all Coal Mining and Power JPMorgan Chase & Co. (JPMC) has released new commitments to cut financing for the global coal industry. The policy promises a transition away from financing for coal mining companies, and an all-out end for financing of new coal mines, responding […]
Self–regulation is good, independent oversight is better.
NGO report unveils: social and ecological voluntary commitments by companies and banks cannot prevent human rights abuses, exploitation of workers, destruction of the environment, and corruption. In anticipation of the United Nations “World Day of Social Justice” on the 20th of February 2016, the Berlin NGO FACING FINANCE e.V. presents its DIRTY PROFITS 4 report. […]
New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations
Banks must do more to meet their obligations under UN guidelines to disclose their response to specific human rights impacts linked to their finance. This is the main conclusion of the first in a new series of Human Rights Impact Briefings released by BankTrack today, which assesses the responses of fifteen large commercial banks to […]
New poll: Australians draw the line at badly behaving banks
Oxfam Australia release “Still Banking on Land Grabs” Almost half of Australians would consider changing banks if they became aware that the bank was behaving unethically, according to a new Oxfam Australia survey. The national survey, which examined attitudes of 1000 Australians towards Australian banks and ethical investment, revealed 75 per cent of respondents don’t […]
New poll: Australians draw the line at badly behaving banks
Almost half of Australians would consider changing banks if they became aware that the bank was behaving unethically, according to a new Oxfam Australia survey. The national survey, which examined attitudes of 1000 Australians towards Australian banks and ethical investment, revealed 75 per cent of respondents don’t think that banks should provide loans to companies […]
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