Category Archives: Press Releases

Press releases from the campaign FACING FINANCE

Occupied, annexed and cashed up

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Bild (Ausschnitt): © REUTERS / Ammar Awad.

How international companies and German financial institutions benefit from and support activities contrary to international law in occupied and annexed territories

  • German banks maintain financial relations with companies operating in occupied and annexed territories in the amount of € 44 billion.
  • Companies and banks neglect their human rights responsibilities and run the risk of participating in and benefiting from illegal settlement activities, from the destruction of infrastructure or from the exploitation of resources in occupied and annexed territories.
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Press Release: As-Salaam-Alaikum (Peace be with you): How the war in Yemen is filling the coffers of European banks.

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Bild (Ausschnitt): © n.v.

(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.   ... →

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.   ... →

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.   ... →

When the dam breaks: European Banks investing over €100 billion in dirty extractive companies.

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The Dirty Profits 6 report released by Facing Finance highlights the investments of ten european banks in ten extractive companies which continually violate human rights and damage the environment.

(Berlin/Münster) 11.5.2018 News embargo 8:00 am- Minerals and metals are an integral part of our daily lives, from smartphones to toothpaste, but the global extractives industry is also heavily involved in some of the worst labour, environmental and human rights violations, particularly in countries of the South.   ... →

Press Release: Rheinmetall: Facing Finance Recommends “Sell”

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Berlin (4.5.2017) – While many banks recommend the purchase of Rheinmetall shares against the backdrop of increasing demand for defence products, the non-governmental organization Facing Finance calls on investors and shareholders to distance themselves from Rheinmetall shares and not to provide the company with more loans.

Reason: The SIPRI peace research institute now ranks Rheinmetall 30th in its list of the world’s largest weapon manufacturers.   ... →