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… Read More »Press release: Discrimination of women- Not yet an issue for German Banks
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… Read More »Vale implicated in another dam collapse in Brazil with more than 300 casualties feared
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
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… Read More »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
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… Read More »Anglo American – Planned extension of Minas-Rio mine despite leaks in pipeline
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… Read More »Samarco Minercao: summary and progress on court cases and fines
UN-draft binding treaty on human rights for transnational corporations and other business enterprises.
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.
The need for a binding treaty which holds companies to account in their operations, particularly for operations in developing countries, has long been pushed by civil society organisations as the existing soft instruments (such as the UN Guiding Principles on Business and Human Rights) do not have the required legal weight or binding force. It is largely acknowledged that Corporate self-regulation has failed. The local laws and deficient enforcement mechanisms in some countries mean that people affected by corporate human rights abuses have no access to effective grievance mechanisms. Companies and communities shown in our Dirty Profits report over time have shown the difficulties communities and individuals face in accessing compensation from corporate transnational companies such as Exxon, Chevron, Glencore, Barrick Gold and many others.