Ecumenical Council for Corporate Responsibility publishes report on the "full range" of social responsibility concerns for financial institutions

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Article
21 February 2011

[PDF] Banks should address full range of social responsibility concerns, says new report

Author: Ecumenical Council for Corporate Responsibility (ECCR)

Among the issues that the report discusses are financial exclusion, responsible credit, gender equity in employment, project financing, asset management, lobbying, money laundering, tax avoidance, developing country debt, commodity speculation, board governance, risk management, remuneration and transparency… [The] report profiles the main UK and Irish banks and offers questions that people can ask banks about how they operate. It makes recommendations to improve banks’ corporate responsibility performance and provides
sources of further information…

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Article
21 February 2011

[PDF] full report: "The Banks and Society: Rebuilding Trust – social, ethical and environmental concerns"

Author: Ecumenical Council for Corporate Responsibility (ECCR)

This report discusses…issues arising as an indirect consequence of the way banks do business – such as concerns about negative environmental and human rights outcomes, corruption and developing country debt…[B]anks have a responsibility to ensure as far as possible that their products and services enhance rather than undermine human rights…[B]anks’ equal opportunities statements and flexible and ‘family friendly’ working policies – informal barriers still discriminate against women with respect to recruitment, terms and conditions, and career progression… [Banks should] [a]pply social and environmental criteria to lending benefiting from export credit agency support to ensure that loans do not contribute to corruption, environmental degradation or human rights problems…

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