The World Bank’s internal watchdog on Thursday criticized the organization’s handling and oversight of its investment in a chain of Kenyan schools that were subject to an internal investigation after allegations that students were abused.
The Inclusive Development International, Blood Money Campaign Myanmar (BMC), and Alternative ASEAN Network on Burma (ALTSEAN-Burma) submitted complaints against indexes MSCI, FTSE Russell, and S&P Dow Jones Indices for alleged violation of the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises on Responsible Business Conduct.
Environmental and human rights groups have filed a complaint with a British government mediation body against Standard Chartered (STAN.L) over its financing of four coal-fired power plants in the Philippines, the groups told Reuters on Thursday.
A new map called PalmWatch from nonprofit Inclusive Development International makes that deforestation visible—and links it to the brands that use that palm oil in their products. The map shows deforestation on a scale from light yellow, for a small amount of tree cover loss, to a deep red, as that tree cover loss increases. Indonesia and Malaysia are covered in orange and deep red dots (as are so
Three of the biggest index providers for stocks and bonds investing, MSCI, FTSE Russell and S&P Dow Jones, have included dozens of companies linked to the Myanmar junta regime in their sustainability indices, according to a new report from Inclusive Development International.
The board of the International Finance Corporation wants the lender to resubmit its plan for addressing allegations that it ignored child sex abuse in schools it funded in Kenya.
The board of the International Finance Corporation is meeting on Thursday under growing pressure to pay compensation to alleged victims of child sexual abuse in a network of schools in Kenya operated by an education company it funded.