Press release: Discrimination of women- Not yet an issue for German Banks

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Berlin, 07 March 2019 – To commemorate International Women’s Day on the 8th of March, Facing Finance is calling on German banks to consider the gender-specific consequences of their financing and investments.
German banks have already taken the first steps to counter the discrimination and disadvantage of women in their own banks. “However, large banks in particular have not introduced any review processes to check the negative effects of their financing or investment decisions on women,” criticises Sarah Guhr, project manager at Facing Finance.   ... →

Vale implicated in another dam collapse in Brazil with more than 300 casualties feared

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Dam break in Brumadinho | Bild (Ausschnitt): © TV NBR [CC BY 3.0] - Wikimedia Commons

On Friday the 25th of January, a tailings dam at the Córrego de Feijão mine in Brumadinho, Brazil suffered a cave-in, resulting in a toxic landslide causing more than 99 casualties, with still 259 missing. The mudslide engulfed a nearby canteen in which workers of the mine had been eating lunch before progressing to nearby houses.   ... →

EXPOSED: For the good of mankind! – The Nobel Prize Foundation continues to reward award winners with profits from irresponsible and unsustainable investments, thus violating its own guidelines

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Nobel Prize medal inscribed to F. G. Banting © Flickr, Thomas Fisher Rare Book Library, UofT CC BY 2.0 | Bild (Ausschnitt): © Thomas Fisher Rare Book Library, UofT [CC BY 2.0] - Flickr

Berlin, the 10th of December 2018- Berlin, the 10th of December 2018- Last year, Berlin based NGO Facing Finance and Framtiden from Norway uncovered that the award money for the Nobel Peace Prize (925.000€) awarded to the campaign to abolish nuclear weapons came from investment in their manufacturers. The Nobel Prize Foundation promised improvement.

Current research by Facing Finance now shows that the Nobel Prize Foundation has only partially fulfilled this promise.   ... →

Anglo American – Planned extension of Minas-Rio mine despite leaks in pipeline

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Minas Rio Mine. Google Earth Image. | Bild (Ausschnitt): © Google Earth - Google Earth

The Dirty Profits 6 was released in May 2018 and reported on violations committed by mining companies including environmental and human rights violations. One of the companies covered in the report was Anglo American, a large multinational mining and raw material processing corporation. There were two cases in the Brazilian state Mina Gerais in March 2018 that lead to considerable pollution due to leakages that were found in the iron pipeline.   ... →

Samarco Minercao: summary and progress on court cases and fines

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Over two years after the disaster, there is still no complete assessment of the socio-environmental and socio-economic damages suffered by the affected communities.

As reported in Dirty Profits 6 – In March 2016, Samarco, Vale and BHP Billiton signed an agreement with the federal and state governments for socioeconomic and environmental recovery work worth a total of around BRL20bn over 15 years.   ... →

UN-draft binding treaty on human rights for transnational corporations and other business enterprises.

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The negotiation process towards a meaningful treaty on business and human rights has been underway since 2014 at the UN Human Rights Council. The process has been a slow one but the development and release of the draft treaty in July this year is a strong indication that there is a clear change coming to the world of business and human rights.   ... →