Banking without Principles?! – Banks rate low in BankTrack report

In June 2016, BankTrack published its second edition of “Banking with Principles? – Benchmarking Banks against the UN Guiding Principles on Business and Human Rights“. Using 12 criteria in 4 categories (policies, due diligence commitments, reporting and access to remedy), based on the UN Guiding Principles on Business and Human Rights, BankTrack assessed 45 of the largest banks globally, including Commerzbank and Deutsche Bank.   ... →

Belo Monte dam project- a threat to local population and nature

The Belo Monte dam project in North East Brazil is currently the largest dam project on earth.

The price for the profits of involved firms is huge: the local population is being displaced, their environment destroyed and species are wiped out.

More details on BankTrack and international rivers.   ... →

US banks risk public health and climate by financing coal

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 policies for mountaintop removal and coal financing from each of the largest US Banks and assigns a letter grade to how well they uphold these policies based on investments, transactions and ownership of coal mining and coal burning utility companies.   ... →

Equator Principles 3 – publication delayed for October 2012

The publication of the new version of the Equator Principles for the banking sector has been pushed back to October 2012. Works on a six pages document have been going on for nearly two years and there’s not even an outline of any new rules for EP. Banktrack, Foundation CentrumCSR.PL partner in the Facing Finance project, calls on banks to improve their investment – taking into account climate change and human rights.   ... →