Barclays and Credit Suisse rule out supporting East African Crude Oil Pipeline in the face of growing community concern
Prominent commercial banks Barclays and Credit Suisse have both declared they will not provide financing for the construction of the world’s biggest heated crude oil pipeline proposed by French oil company Total and the China National Offshore Oil Corporation. The banks provided statements making clear they will not support the East Africa Crude Oil Pipeline after an open letter endorsed by […]
Communities call on Indonesian government to reject dangerous mine in North Sumatra
Concerned communities in North Sumatra are calling on the Indonesian government to deny developers an environmental permit for a proposed lead-zinc mine they believe will threaten their lives, homes and livelihoods. The call comes as the government edges closer to approving the DairI Prima Mineral mining project in Dairi Regency, a joint venture between the […]
Over 260 organizations call on banks not to finance Total’s East African Crude Oil Pipeline
Today, 263 community and non-governmental organizations from around the world urged the CEOs of 25 banks not to participate in loans to fund the construction of the world’s longest heated crude oil pipeline. In an open letter, organizations from 49 countries, including 122 African-based organizations, detail the immense threats that the 1,445-kilometer-long East African Crude […]
Over 200 civil society groups call for suspension of IFI loans to Myanmar following military coup
Inclusive Development International joined over 200 civil society organizations from Myanmar and globally in urging international financial institutions like the World Bank, International Finance Corporation and Asian Development Bank to immediately freeze loans and other financial assistance to Myanmar in light of the recent military coup. The statement calls on the international financial institutions […]
Bowing to public pressure, Rizal becomes first bank in Philippines to exit coal
Rizal Commercial Banking Corporation (RCBC) made the announcement after years of pressure from climate activists in the Philippines and an investigation of the bank’s practices by one of its most prominent shareholders, the World Bank Group’s International Finance Corporation. “[N]o more coal. I’ll say that slowly: no more coal,” said the bank’s president and CEO, Eugene Acevedo, at […]
Time for Mitr Phol, Coca-Cola, Nestle, Mars Wrigley and Bonsucro to live up to their human rights responsibilities
This week from Geneva, the United Nations is hosting its annual Forum on Business and Human Rights. Thousands of participants from government, business and civil society groups from around the world will gather online to discuss current issues regarding the implementation of the UN’s Guiding Principles on Business and Human Rights – which outline the […]
Open letter to World Bank President Malpass on selection of the next CAO Vice President
Dear President Malpass, We, the undersigned organizations, write with regards to the selection of the next Compliance Advisor Ombudsman (CAO) Vice President. As civil society organizations working to support people affected by IFC and MIGA projects around the world, we appreciate your commitment to ensure that the CAO is a robust, responsive and independent accountability […]
Saying no to coal: IFC’s new Green Equity Approach unveiled
The World Bank’s private lending arm has unveiled its new approach to greening equity investments in financial institutions. The International Finance Corporation (IFC) says it will end equity investments in financial institutions that do not have a plan to phase out investments in coal-related activities. The “30 by 30 Zero Program” aims to help the banking […]
Realizing the right to an effective remedy: Joint Submission on the External Review of IFC/MIGA Accountability
Inclusive Development International has submitted Joint Comments on Realizing the Right to Effective Remedy within the IFC/MIGA Accountability Framework to the World Bank Group’s Board of Directors. The comments, which we prepared along with Accountability Counsel, Bank Information Centre, Center for International Environmental Law and the Arab Watch Coalition, were submitted in response to a public […]
Indonesian communities file complaint against HeidelbergCement with German government
Community representatives in Indonesia today filed a complaint to the German government accusing HeidelbergCement, one of the world’s largest cement makers, with threatening their livelihoods and water resources and the local ecosystem. The complaint to the German National Contact Point for Responsible Business Conduct alleges that HeidelbergCement’s plans for a limestone mine and cement factory […]