High returns despite responsible investment rules – Norwegian Pension Fund yields 6.9% in 2016

The Norwegian Pension Fund (NPF) manages assets worth more than 840 billion €, constituting the largest government pension fund worldwide. The fund’s assets mainly stem from Norway’s oil revenues and are supposed to offset oil price fluctuations and maintain pensions   ... →

HSBC and Commerzbank are financing dubious palm oil company Noble

 Oil palm graveyard - these palms were injected with pesticides (paraquat, according to locals) so to kill them and allow preparations for the next planting. | Bild (Ausschnitt): © Wakx [CC BY-NC-SA 2.0] - Flickr

In January 2017 Greenpeace released the report „Dirty Bankers – How HSBC is financing forest destruction for palm oil“.   This report provides a detailed explanation of the business relations between HSBC and controversial palm oil companies.
HSBC is considered to   ... →

Further billion dollar lawsuit against Deutsche Bank.

In March 2014, Facing Finance reported on the gold price manipulation of the LBMA (London Bullion Market Association) consisting of five international banks, Barclays, HSBC, Société Général, Bank of Nova Scotia and Deutche Bank. Initially Duetsche Bank refuted these allegations   ... →

Press Release: Deutsche Bank divests from Bumitama after civil society pressure

Brussels/Berlin, May 26, 2014 – Deutsche Bank has told Friends of the Earth Europe and Rettet den Regenwald that it sold its shares in the Indonesian palm oil supplier Bumitama, an important supplier to palm oil giant Wilmar, following months   ... →

Diary of Destruction: FOEE Exposes Illegal Palm Oil Activities in Indonesia

Friends of the Earth Europe (FOEE) recently announced the release of its factsheet, “Bumitama’s Diary of Destruction,” in a PRESS RELEASE. The fact sheet outlines the destructive and illegal practices currently being carried out in Indonesia by   ... →

“Friends of the Earth Europe” report about food prices speculation

According to the “Friends of the Earth Europe” report, European banks, investment funds and insurance companies are speculating with food prices and are sponsoring the purchase of land in developing countries. The report examines the activities of 29 European banks,   ... →