USA: Indigenous women's delegation calls for stronger human rights & environmental protections in the Equator Principles

Author: Women's Earth & Climate Action Network, International, Published on: 10 October 2018

A fourth Indigenous Women’s Divestment Delegation will travel to New York City and Washington D.C. from October 15-17th, to take part in high-level meetings engaging the Equator Principle Association banks (EP banks) and the credit rating agency MSCI, regarding fossil fuel developments; Indigenous and human rights violations; dangers to increasing climate chaos; and demands for institutional action to change the harmful financing practices supporting extractive industries... The call from the Indigenous Women’s Divestment Delegation [to MSCI] is for rights and environmental violations to be more thoroughly reflected in the rating scores given to fossil fuel extraction companies. Such shifts in rating agency procedures would act as as one tool to contribute to the continued divestment of funds from unjust and dangerous extractive corporations and projects... After the human rights abuses at Standing Rock, which did not stop 13 Equator banks from providing a project loan to the primary Dakota Access pipeline developer - EP banks said they would reform the Equator Principles, and begin a revision process to be completed by 2019 that would more effectively address concerns about potential rights violations and environmental degradation. The Delegation will provide critical inputs to this revision process. [refers to Credit Suisse, UBS, and Deutsche Bank]

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Related companies: Credit Suisse Deutsche Bank UBS