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… Read More »Cargill: Sustainability leader or worst company in the world?
On 8 July 2019, Parliamentarians from the 57 participating States of the Organisation for Security and Cooperation in Europe (OSCE) have adopted the Declaration on Advancing… Read More »Strong call from OSCE countries to support the negotiations to ban lethal autonomous weapons
On the 23rd May 2019 Banktrack, Urgewald and Facing Finance, partners in the Fossil Banks-No Thanks campaign, attended the Deutsche Bank AGM under the slogan… Read More »AGM 2019: Deutsche Bank CEO “we have cleaned up the Deutsche Bank”.
(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… Read More »Press Release: As-Salaam-Alaikum (Peace be with you): How the war in Yemen is filling the coffers of European banks.
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
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
Crude oil in an open toxic oil waste pit abandoned by Chevron in the Ecuadorean Amazon Rainforest near Lago Agrio. Photo by Caroline Bennett/Rainforest Action Network via Flickr.
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.
