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UN Independent Expert asks Thun Group of Banks to discuss the Guiding Principles on Foreign Debt and Human Rights & practice of lending to states with widespread human rights violations
Author: Juan Pablo Bohoslavsky, UN Independent Expert on the effects of foreign debt and other related international financial obligations of States
“Mandate of the Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights” - 19 October 2017...
- Related stories: Thun Group of Banks releases new Paper on implications of UN Guiding Principles for corporate & investment banking
- Related companies: Credit Suisse UBS
Author: Fiona Harvey, The Guardian (UK)
Some of the world's top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders [by Rainforest Action Network, Banktrack, Sierra Club, Oilchange International.]...The...
- Related in-depth areas: Mitigation
- Related companies: Agricultural Bank of China ANZ Bank Bank of America Bank of China Bank of Montreal Bank of Nova Scotia Bank of Tokyo-Mitsubishi UFJ (part of Mitsubishi UFJ) Barclays BNP Paribas Canadian Imperial Bank of Commerce (CIBC) China Construction Bank Citigroup Commonwealth Bank Crédit Agricole Credit Suisse Deutsche Bank Goldman Sachs HSBC Industrial & Commercial Bank of China ING Bank JPMorgan Chase Mizuho Financial Group Morgan Stanley National Australia Bank Natixis PNC Financial Services Royal Bank of Canada Royal Bank of Scotland Santander SMBC Nikko Securities Société Générale Standard Chartered Toronto-Dominion Bank UBS UniCredit Bulbank Wells Fargo Westpac
Norway's sovereign wealth fund will ask banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions
Author: Gwladys Fouche, Thomson Reuters Foundation
Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday. The world's largest wealth fund...has in the past...
Banks loan billions to oil firms allegedly exporting low-grade fuel high in pollutants, says briefing
A new BankTrack briefing raises questions about how banks are conducting human rights due diligence. In response to research by Swiss NGO Public Eye accusing Switzerland-based oil trading companies of selling blends of low-grade fuel high in pollutants...
Author: Brenna Hughes Neghaiwi, Reuters (UK)
"Swiss firms set goals to get more women into top roles", 8 Mar 2017...
Thun Group of Banks releases new Paper on implications of UN Guiding Principles for corporate & investment banking
The Thun Group of Banks' Discussion Paper published in January 2017 explores how the UN Guiding Principles on Business and Human Rights should be applied in the banking sector. At the Thun Group of Banks' annual meeting in June 2017, the Thun Group...
Study reveals low level of human rights performance disclosure in mining, energy & financial sectors
Author: Global Reporting Initiative (GRI) & Centro Vincular-PUCV
“Shining a light on human rights: corporate human rights performance disclosure in the mining, energy and financial sectors”, 7 December 2016...
Olam creating "black box" of palm oil from unknown sources, fuelling deforestation "from Gabon to Indonesia" - NGO report