KBC

Member of UN Global Compact

Headquarters in Belgium

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Article
26 January 2006

Banks failing environment and social standards - New report by BankTrack and WWF on bank policies

Author: BankTrack, WWF

The report, Shaping the Future of Sustainable Finance: Moving the Banking Sector from Promises to Performance, ranked the financing policies of 39 international banks across 13 issue areas, from climate change to human rights...Of the 39 banks...

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Story
1 January 2006

BankTrack & WWF review social & environmental policies of 39 banks - only 8 have public human rights policies: ABN AMRO, Barclays, HBOS, ING, Rabobank, Société Général, Standard Chartered, Westpac

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Article
1 January 2006

[PDF] full report: "Shaping the Future of Sustainable Finance - Moving from Paper Promises to Performance"

Author: BankTrack, WWF

By the end of 2005, only eight banks had publicly adopted a human rights policy: ABN AMRO, Barclays, HBOS, ING, Rabobank, Société Général, Standard Chartered and Westpac...Only Rabobank has committed to follow the UN Norms and explicitly endorsed the...

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Article
31 December 2005

[PDF] Conflict and Project Finance: exploring options for better management of conflict risk

Author: Corene Crossin, Jessie Banfield - International Alert

This background paper focuses on the linkages between project finance and conflict. Project finance is frequently used to fund investments in higher-risk developing countries – particularly for large infrastructure and natural resource extraction...

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Story
1 December 2005

"Finance Sector Profiting from Poverty, Environmental Damage and Human Rights Abuses", says report by Amnesty Intl., Global Witness, New Economics Foundation & 7 other NGOs

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Article
1 December 2005

[PDF] full report: "A Big Deal? Corporate Social Responsibility and the Finance Sector in Europe"

Author: Action Aid, Amnesty International, CAFOD, Christian Aid, The Corner House, Friends of the Earth, Global Witness, New Economics Foundation, Tax Justice Network, WWF

[refers to ABN Amro, Aviva, Barclays, Calyon (part of Crédit Agricole), China Development Bank, China Import Export Bank, Commerzbank, Crédit Agricole, Credit Suisse First Boston, Deutsche Bank, Espirito Santo, Goldman Sachs, Henderson Global...

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Company response
22 November 2005

Response by KBC: Global Witness report & Financial Times article raise concerns that loan to Angola's state oil company Sonangol will perpetuate corruption & poverty.

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Article
22 November 2005

[DOC] [KBC statement in response to concerns raised about loan to Sonangol (Angola’s state oil company)]

Author: KBC

KBC has adopted and implements stringent ethical rules for the approval of loan transactions. In accordance with KBC's rules on financial ethics, which include rules on confidentiality regarding the credit business, we are not allowed to disclose...

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Article
14 November 2005

Belgian bank groups invest in companies that abuse human rights

Author: Netwerk Vlaanderen

AXA, ING, Fortis, Dexia and KBC have invested more than US$ 8 billion (more than €6.6 billion) in companies that are involved in the violations of human rights... The report from Netwerk Vlaanderen...reveals investments in fourteen controversial...

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Article
1 November 2005

Where do you draw the line? - Research into the financial links between five bank groups and companies that abuse human rights

Author: Netwerk Vlaanderen [Belgium]

[describes human rights concerns regarding companies & projects in which AXA, Dexia, Fortis, ING & KBC have invested] Regarding credit, AXA informs us that every offer of credit is subject to ethical rules and the rule of law... AXA states...

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