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As climate crisis bites, World Bank further distances itself from coal
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
More ▶︎ANZ Declines to ‘Do the Right Thing’ for Displaced Cambodian Farmers
(December 18, 2018) – ANZ Banking Group violated its own policies and international human rights standards by financing a Cambodian sugar company that seized land from local farmers, according to a report released by an Australian government body that monitors
More ▶︎Banking royal commission: ANZ's Cambodian sugar plantation finance failed to meet human rights standard
More bad news for banking giant after Australian government inquiry finds ANZ failed to meet its own human rights standards in a Cambodian sugar deal
More ▶︎ANZ bank issued rare rebuke by Australian oversight body
(October 11, 2018)— ANZ Banking Group violated its own policies and international human rights standards by financing a Cambodian sugar company that seized land from local farmers, according to a statement released today by an Australian government body that monitors
More ▶︎Civil society welcomes IFC’s moves to exclude coal in its financial intermediary lending
(October 8, 2018, Bali) – Civil society groups from around the world today welcomed news that the World Bank’s private sector arm, the International Finance Corporation (IFC), has taken significant steps to vastly reduce its exposure to coal through new
More ▶︎Thai court accepts Cambodian land grabbing case, orders mediation
(September 5, 2018, Bangkok) – A Thai court has accepted a landmark lawsuit filed by plaintiffs representing a class of over 700 Cambodian farming families accusing Asia’s largest sugar producer of grabbing their land and destroying their livelihoods. In line
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