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Friends of the Earth report alleging European banks fuel food price volatility & hunger

In January 2012, Friends of the Earth issued the press release "European banks fuelling good price volatility and hunger" and the report "Farming money: How European banks and private finance profit from food speculation and land grabs".

Business & Human Rights Resource Centre invited the 6 companies most severly critisised for negatively impacting human rights through their investments to respond.  Each company's response is listed below.

[DOC] Allianz

[DOC] AXA Group

[DOC] Barclays

[PDF] BNP Paribas

[DOC] Deutsche Bank

[DOC] HSBC

We also invited the pension fund ABP to respond; its response is available here [PDF].

Additional commentary on the report:
Friends of the Earth accuses banks of causing 'catastrophic instability" in food markets, Peter Guest, Huffington Post UK, 12 Jan 2012

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Article
9 February 2012

Friends of the Earth report alleging European banks fuel food price volatility & hunger

Author: Compiled by Business & Human Rights Resource Centre

In January 2012, Friends of the Earth issued the press release "European banks fuelling good price volatility and hunger" andthe report "Farming money: How European banks and private finance profit from food speculation and land grabs". Business &...

Read more

Company response
8 February 2012

Response by Allianz: European financial institutions fuel food price volatility & hunger, says new report.

Read full response

Company response
8 February 2012

Response by AXA: European financial institutions fuel food price volatility & hunger, says new report.

Read full response

Company response
8 February 2012

Response by Barclays: European financial institutions fuel food price volatility & hunger, says new report.

Read full response

Company response
8 February 2012

Response by BNP Paribas: European financial institutions fuel food price volatility & hunger, says new report.

Read full response

Company response
8 February 2012

Response by Deutsche Bank: European financial institutions fuel food price volatility & hunger, says new report.

Read full response

Company response
31 January 2012

Response by HSBC: European financial institutions fuel food price volatility & hunger, says new report.

Read full response