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 to do so, but because it is financially savvy. Indeed, “our [BlackRock’s] investment conviction is that sustainability- and climate-integrated portfolios can provide better risk-adjusted returns to investors”. ... →
(22.5.2019) The DIRTY Profits 7 report presented today in Frankfurt / Main by the NGO Facing Finance highlights the ten European banks with some of the highest investments in 11 global arms companies, companies that have since 2015 been exporting to unstable/crisis-affected countries in the MENA region (Middle East and North Africa) and countries involved in the war in Yemen. ... →
The meat industry is heavily responsible for global warming, according to a recent study by the Institute for Agriculture and Trade Policy (IATP) and the environmental organisation Grain. The emissions of the animals in the form of methane, as well as the production of the meat are the key factors contributing to the massive greenhouse gas emissions from the meat industry. ... →
Since the disastrous collapse of the tailings dam in the Brazilian state of Minas Gerais in November 2015 (which FACING FINANCE has reported on several times since the incident) the Brazilian public prosecutor’s office filed homicide charges against 21 executive staff members of the mining companies BHP Billiton (Australia), Vale S.A. (Brazil) and Samarco Mineração, which is a joint-venture between Vale and BHP Billiton. ... →
According to the Government Report on Military Equipment Exports for the first half of 2016, Germany’s export licenses for small arms ammunition increased tenfold, compared to the same period of the previous year.
The total value of licences issued for the export of small arms ammunition rose from EUR 27 million to EUR 283.8 million, whereas exports of small arms decreased from EUR 12.4 ... →
This month the mining company, Swakop Uranium, will start uranium mining in the “Husab” uranium mine located on the west coast of Namibia, as reported by Zheng Keping, the managing director of Swakop Uranium. The company is 90% owned by Taurus Minerals Ltd., a subsidiary of the Chinese state-owned company Guangdong Nuclear Power Company (CGNPC) Uranium Resources Co. ... →