Nov 202015

By Ryan Brightwell, BankTrack, 20 November 2015

Earlier this week I attended this year’s United Nations Forum on Business and Human Rights, where some 2,300 representatives of business, government and civil society met on the shores of Lake Geneva, in November weather which was eerily spring-like.

The Forum is intended to take stock of the challenges and ways forward in putting into practice the UN Guiding Principles on Business and Human Rights. One thing we considered a major challenge when it comes to the banking sector is its lack of progress on providing access to remedy for those affected by human rights impacts – so we were pleased to see a panel discussion on “providing access to effective remedy in the financial sector” on the Forum’s main agenda.

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Nov 092015

By Johan Frijns, BankTrack Director, 9 November 2015

With just 21 days left until the start of the Paris Climate Summit (COP21), there is still time for banks to make a strong commitment to do their part in stopping climate change; by publicly pledging before ‘Paris’ to stop financing the coal industry.

Banks that make this ‘Paris Pledge’ to abandon coal will help ensure that ‘Paris’ will indeed be the watershed event we need it to be in the global fight to combat climate change. After all, while the negotiations in Paris will focus solely on reaching emission reduction targets, the tailpipe approach, the real challenge is at the wellhead; how do we keep at least 80 percent of all currently known fossil fuel reserves in the ground, starting with coal?

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