Thun Group of Banks criticised for misguided interpretation of UN Guiding Principles.

  Bild (Ausschnitt): © geralt [CC0 Creative Commons] - pixabay

At the beginning of this year, the informal Thun banking group, consisting of UBS, Credit Suisse, Barclays, BBVA, BNP Paribas, Deutsche Bank, ING, RBS, Standard Chartered, UniCredit and JP Morgan, published a position paper on the understanding and scope of Article 13 of the UN -Leitprinzipien.

In this respect, the banking groups largely excluded their responsibility for protecting human rights.   ... →