News & Updates

One of the largest banks in the Philippines has announced that it will no longer finance coal plants, becoming just the fourth bank in Southeast Asia – and the first in the Philippines – to exit the fossil fuel. Rizal Commercial Banking Corporation (RCBC) made the announcement after years of pressure from climate activists in the Philippines and an IFC investigation of the bank’s practices.

This week the UN is hosting its annual Forum on Business and Human Rights. We joined our Cambodian partners to issue a statement about a decade-long struggle for justice from Asia’s largest sugar company.

Open letter to World Bank President Malpass on selection of the next CAO Vice President

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.

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.

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.

Today, Cambodian plaintiffs representing more than 700 farming families won a landmark appeal allowing them to move forward with their class action against Asia’s largest sugar producer, Mitr Phol.

While most of the world was sheltering in place due to the COVID-19 pandemic in March, a hundred families were uprooted from their lush, centuries-old village in western Guinea and relocated to a barren hilltop to make way for a sprawling bauxite mine, backed by the International Finance Corporation.

Two years ago today, at least 70 people died or disappeared and over 7000 were displaced when a dam collapsed in Laos, submerging homes, families and entire villages under a rushing wall of water. On the second anniversary of the disaster, those affected are yet to see justice. Inclusive Development International joins International Rivers and Mekong Watch in demanding redress for survivors.

The International Finance Corporation’s independent watchdog has accepted a formal complaint concerning a planned zinc mine in North Sumatra, Indonesia, that will create millions of cubic meters of toxic tailings in one of the world’s highest earthquake risk zones.