BankTrack is an NGO that tracks the operations and investments of banks and financial institutions, with a focus on their environmental and social impacts. The organization campaigns for the banks to adopt sustainable and responsible investment policies.

BankTrack is the international tracking, campaigning and NGO support organisation focused on private sector commercial banks and the activities they finance. We are an essential part of the global community of NGOs focused on the financial sector as a whole.

Indexa Capital

4Founders Capital

K Fund

Albert Armengol

Bernat Ripoll

Daniel Gimenez

David Tomás

Fernando Egido Egaña

Javi Fondevila

Juan José Mostazo

Martí Manent

BankTrack

🍃On International Biodiversity Day, BankTrack urges all banks to take the ‘Road to Cali’ and make firm public commitments to help protect #nature and #biodiversity before the start of COP16 in Cali, Colombia this October. The new campaign seeks #banks to ❗ take action ❗  by ending all finance to clients and sectors that cause catastrophic biodiversity loss. 

Learn more: https://lnkd.in/diWkG_D4 

#roadtocali

A "macabre march"?

Human and environmental rights defenders, united by the Shiny Claims, Dirty Flames campaign, are in Toulouse to challenge steel giant ArcelorMittal on its human rights record.

Banks financing ArcelorMittal must respect human rights in words AND actions. #shinyclaims

Read more here: https://lnkd.in/eFUFMCUd

Protect VIP reaches the 💰BIGGEST💰 financier of San Miguel Corporation to urge them to #StopFundingSanMiguel! 

Environmental lawyer Atty. Avril De Torres from Center for Energy, Ecology, and Development (CEED) and Protect VIP questioned Standard Chartered's funding to San Miguel Corporation, one of the largest gas companies destroying the Verde Island Passage, on the bank's Annual General Meeting.

WATCH THE FULL VIDEO HERE:
bit.ly/StanChartAGM

🆕  Dans ses réponses aux questions écrites posées à l’occasion de son #AssembléeGénérale ce matin, BNP Paribas a déclaré “[s’abstenir] de participer aux émissions obligataires conventionnelles du secteur #pétrolier et #gazier”. 

Pourquoi est-ce un pas dans la bonne direction ? Car lorsqu’elles facilitent l’émission d’obligations, les banques permettent aux entreprises de lever des fonds auprès des investisseurs susceptibles d’acheter leurs obligations. Or les #obligations posent problème puisqu’il s’agit d’un mode de financement non-fléché. Autrement dit, il n’y a pas de garantie que le capital levé au travers des obligations ne sera pas investi dans le développement de nouveaux projets pétroliers ou gaziers. ❌ 

➡  L’annonce de cette abstention est d’autant plus importante que BNP Paribas est historiquement très impliquée dans le financement aux majors pétrolières et gazières. Il s’agit d’une première parmi les grandes #banques internationales : BNP Paribas montre ainsi la voie aux autres banques comme Groupe Crédit Agricole, Société Générale, Groupe BPCE, Barclays ou encore HSBC.

✒️ Nous encourageons BNP Paribas à formaliser cette approche en inscrivant cette règle dans sa #politique #climat et à l'étendre aux autres services financiers susceptibles de contribuer à l’expansion pétro-gazière.

BREAKING!

The 15th #BankingOnClimateChaos reveals that fossil fuel financing from the world’s top 60 banks has reached $6.9 TRILLION!!!

The science tells us our climate can’t afford a single new fossil fuel project – yet big banks spent over $347 billion on fossil fuel expansion in 2023.

Instead of investing in a liveable future for us all, big banks are driving climate devastation and human rights violations in every corner of the world.

Learn more at bankingonclimatechaos.org
#DefundClimateChaos #BOCC

Rainforest Action Network
Indigenous Environmental Network
Oil Change International
Reclaim Finance - ONG
Sierra Club
Urgewald
Center for Energy, Ecology, and Development (CEED)

Today, BankTrack together with Center for Energy, Ecology, and Development (CEED) joined the Climate Choir UK in actions and asking questions at the annual shareholder meeting of Standard Chartered. 

Avril De Torres posed a question about the bank's financing for San Miguel Corp who is destroying the Verde Island Passage in the Philippines and asked when the bank would finally divest.

Henrieke Butijn from BankTrack representing the No to Gas in Mozambique campaign challenged the bank on its financing for Mozambique LNG, a carbon bomb which is destroying livelihoods, fueling a bloody conflict & provides very few benefits.

Read more about the AGM, the actions and Standard Chartered's links to environmental destruction and human rights violations:
https://lnkd.in/eyCjAumD

ORG:BANKTRACK

BankTrack

Analysis Not Available