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, investment funds and insurance companies such as Deutsche Bank, RBS, Allianz, BNP Paribas, AXA, HSBC, Generali, UniCredit and Credit Agricole. The report says the solution of the problem is a more strict regulation of banking activities.
The European Commission’s ESG commitments for banks and BlackRock: It’s about more than a conflict of interest
In early 2020, Larry Fink, CEO of BlackRock, the world’s largest and arguably most renowned asset management company, wrote in a letter to CEOs that “every government, company, and shareholder must confront climate change”. Not because it is morally important … Continue reading →
Cargill is one of the world’s largest agricultural commodity trader and food processor and United States’ largest privately-owned company, with revenues exceeding $114 billion in 2018. The company dominates the global industrial agricultural system, a system which seeks to convert … Continue reading →