"Outsourcing Development: Lifting the Veil on the World Bank Group’s Lending Through Financial Intermediaries"
In October 2016, Inclusive Development International published a report linking International Finance Corporation projects to human rights and climate change impacts: "Outsourcing Development".
As the introduction states:
"...The investigation tackled only a small portion of the IFC’s extensive financial-sector portfolio. Yet the results were shocking. The IFC is funneling billions of dollars into some of most notorious companies and projects in the world. The problem is systemic, and not limited to just a few cases..."
Business & Human Rights Resource Centre invited the IFC to respond - access its response here.
The report refers to many cases and companies. If any company wishes to provide a response to any of the cases mentioned, they are welcome to do so. Please send your statements to maeda[at]business-humanrights.org
Previously, Business & Human Rights Resource Centre has received responses from the following companies regarding cases mentioned in the report:
- Bayer & Monsanto response; Ankur Seeds, Nuziveedu Seeds & Rasi non-response (Oct 2007) re child labour in cotton plantations in India
- Jindal Steel & Power response (Dec 2011) re environmental impacts of plants in Orissa, India
- Xstrata response (Aug 2012) re contaminants in water & soil near Tintaya mine in Peru
- Karuturi Global comments (Oct 2014) re land acquisition for agribusiness in Ethiopia
- China Huaneng Group, Royal Group & Vietnam Electricity non-response (Dec 2014) re food, livelihood, environmental, cultural impacts of Lower Sesan 2 Dam in Cambodia
- Sasol & Vale response (May 2015) re protests against Moatize coal mine in Mozambique
- Essar response (May 2015) re displacement of indigenous people at Mahan coal plant in India
- Titan Cement response (Jun 2016) re labour rights & environmental concerns at Alexandria Portland Cement Plant in Egypt
- Cerrjón coal response (Jul 2016) re human rights & environmental impacts of coal mine in Colombia
- Statement by Vendata Resources (Aug 2015) re toxic leaks in copper mine in Zambia
- Statement by Bangladesh-India Friendship Power Company Limited (Oct 2015) re environmental impacts of Rampal coal power plant in India