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. […]
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, 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 […]
A group of United Nations independent experts on extreme poverty, indigenous peoples, right to food and foreign debt called on the Word Bank to adopt human rights standards this weekend, during the review of its environmental and social policies—also known as ‘safeguard policies’—which apply to project finance. “All activities supported by the World Bank, not […]
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 […]