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Global Witness report alleges EU investors help bankroll human rights & environmental abuses; incl. co responses

On 6 September 2018, Global Witness published a new briefing paper on the role that EU-based investors have played in supporting projects linked to human rights abuses, land grabs and large-scale environmental destruction. The report argues that while political momentum - particularly through the EU’s landmark Action Plan on Financing Sustainable Growth - is building to make the financial sector more accountable, the Commission’s legislative proposals released in May lack robust measures, and calls for mandatory regulations for EU-based investors.

Business & Human Rights Resource Centre invited those investors mentioned but who did not provide a comment in the report to respond, namely Aberforth Parnters, Legal & General, Silchester and Schroders. 

Aberforth did not respond, and Silchester told us over the phone that they do not provide comments on their portfolio to non-clients. Legal & General sent a statement they also sent us in relation to another report, which can be accessed here and below. Schroders' response can also be accessed below.

The following investors/companies provided comments in the report: Standard Life Investments, Aviva, Soco International, Vedanta, Aberdeen Standard Investments, HSBC, Standard Chartered Bank, Credit Suisse. 

Note: Business & Human Rights Resource Centre previously sought a response from Golden Agri-Resources (GAR) in relation to one of the case studies - see here for more information. The report also refers to Investec, Deutsche Bank and CBR, however these companies no longer hold investments in the specific projects mentioned.

Respostas da empresa

Legal & General Investment Management Ver resposta
Schroders Ver resposta

Sem resposta

Aberforth Partners

Sem resposta

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