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Commentaries
In The News
November 14, 2024
To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
October 21, 2024
Over 150 organizations have called upon World Bank President Ajay Banga to condemn the Cambodian government’s assault on human rights groups, including reprisals against World Bank project stakeholders.
October 9, 2024
Plus de 360 familles qui ont été déplacées de force pour permettre l’expansion de la mine d’AngloGold Ashanti à Siguiri, en Guinée, seront indemnisées par l’entreprise. Cet accord est l’aboutissement d’un processus de médiation de six ans sous les auspices du bureau du conseiller médiateur du Groupe de la Banque mondiale.
October 9, 2024
More than 360 families who were forcibly relocated to make way for the expansion of AngloGold Ashanti’s mine in Siguiri, Guinea will be compensated by the company. The agreement concludes a six-year mediation process facilitated by the World Bank Group’s Compliance Advisor Ombudsman.
October 2, 2024
Germany’s OECD National Contact Point for Responsible Business Conduct has issued a statement responding to complaints over Heidelberg Materials’ controversial plans to construct a cement mine and factory in Central Java.
September 10, 2024
In a major win for local communities, Indonesia’s Supreme Court ruled that an environmental permit granted to the Dairi Prima Mineral mine should be revoked.
August 19, 2024
Ahead of the United Nations Secretary-General (UNSG)’s Panel on Critical Energy Transition Minerals meeting in Nairobi, Inclusive Development International and our partners created a briefing document to inform the panel about the concerns and demands of communities directly impacted by transition mineral mining and processing.
July 26, 2024
Inclusive Development International has joined more than 230 civil society organizations in endorsing a set of recommendations to the UN Secretary-General’s Panel on Critical Energy Transition Minerals, to guide its efforts to ensure that the process of supplying minerals needed to phase out fossil fuels is both rapid and just.
July 16, 2024
It is long past time for the Bank to acknowledge its duties and responsibilities under international law to remedy harm that it causes or contributes to.
July 15, 2024
The International Finance Corporation’s internal watchdog, the Compliance Advisor Ombudsman (CAO), announced that it is launching an investigation into the institution’s investments in a commercial bank that is financing construction of two new coal-fired power plants at Indonesia’s Suralaya Power Station.
October 16, 2024
Bretton Woods Project
- Natalie Bugalski
The UN Secretary General panel’s just transition principles call for human rights to be at the core of mineral value chains. The IFC, a key enabler of transition mineral mining, must operationalize this principle through an overhaul of its Performance Standards.
December 13, 2023
Bretton Woods Project
- David Pred, Margaux Day
Embracing a new remedy approach in line with the UNGPs will support the World Bank to tackle the crises of our time without externalizing risk onto the poor communities it is committed to serve. The alternative is grim: A bigger Bank, externalizing the costs of development on the poor, with greater speed and at greater scale than ever. That is why we say there can be no evolution without remedy.
June 19, 2023
South China Morning Post
- Margaux Day, Zelda Liang (Independent Consultant)
China’s groundbreaking Green Finance Guidelines require both policy and commercial banks to establish grievance mechanisms for affected communities. The newly formed National Financial Regulatory Administration should see to it that Chinese banks implement this requirement.
March 27, 2023
ESG Clarity
- David Pred
As Adani Group stocks tanked last month, following revelations of fraud and market manipulation at the Indian conglomerate, some investors in ESG-focused funds were surprised to find themselves exposed to losses.
February 27, 2023
China Dialogue
- Margaux Day, Zelda Liang (Independent Consultant)
A new mechanism for Chinese overseas mining needs to be free from company interference and to protect communities from retaliation.
October 17, 2022
BankTrack
- Margaux Day, Natalie Bugalski, Ryan Brightwell
Either they get solved at the annual meeting of signatories starting today in Seoul, or the principles risk fading into irrelevance.
September 9, 2022
ESG Investor
- Coleen Scott
Earlier this year, my colleagues at Inclusive Development International published an investigation that revealed a staggering figure: more than US$13 billion of ESG-labeled investments have gone to companies involved in arming, funding and legitimising the brutal military regime in Myanmar. As shocking and disturbing as that is, it is not an anomaly.
June 16, 2022
South China Morning Post
- Margaux Day, Zelda Liang (Independent Consultant)
On June 1, Beijing issued green finance guidelines for Chinese financial institutions. Notably, Chinese banks and insurers are asked, for the first time, to establish grievance mechanisms to manage clients’ environmental, social and corporate governance (ESG) risks.
May 9, 2022
Devex
- aaron pedrosa, David Pred, kate geary
In July 2016, environmental activist Gloria Capitan was brutally killed in front of her 8-year-old grandson in the Bataan province of the Philippines, allegedly due to her anti-coal advocacy as the leader of the Coal-Free Bataan Movement. Climate change is perhaps the biggest threat that humanity faces, yet the people who devote their lives to this cause are under attack.
March 21, 2022
Business & Human Rights Resource Centre
- David Pred, Natalie Bugalski
ESG-labeled funds have exploded in popularity in recent years, hitting $3.9 trillion in assets under management last year. Driven by marketing claims that ESG is a way for investors to align their money with their values, it’s now the fastest growing sector of financial services. But these funds are littered with companies with appalling records.
October 15, 2024
Business & Human Rights Resource Centre
More than 360 families who were forcibly relocated to make way for the expansion of AngloGold Ashanti’s mine in Siguiri, Guinea will be compensated by the company. The agreement concludes a six-year mediation process facilitated by the World Bank Group’s Compliance Advisor Ombudsman.
October 10, 2024
Africa Science News
The Guinea-based subsidiary of mining giant AngloGold Ashanti, one of the world’s largest gold mining companies, has agreed to a financial settlement with families who were forcibly relocated to make way for iys gold mine in Siguiri prefecture in late 2015 and 2016.
September 27, 2024
The Intelligent Miner
Despite the mining industry’s enhanced focus on responsible tailings management, high-risk projects are still being advanced. It’s time we all took a greater interest in how transition minerals are produced.
September 5, 2024
Mongabay
Indonesia’s highest court has ordered the revocation of the environmental permit for the Dairi Prima Mineral mine, a zinc-and-lead mine being built in a seismically active zone in Sumatra.
August 30, 2024
Yale Environment 360
The Supreme Court of Indonesia has withdrawn approval for a zinc mine and dammed waste pond being built near a fault line in North Sumatra. The ruling comes as a relief to locals, who feared an earthquake would destroy the dam, flooding villages below with toxic waste.
July 24, 2024
Devex
Freshfields Bruckhaus Deringer, a global law firm, has been tapped by the World Bank to probe accusations that the International Finance Corporation interfered with an investigation into alleged child sexual abuse at a chain of schools it funded in Kenya.
July 17, 2024
Eco-Business
The internal inquiry by the bank’s ombudsmen will address complaints that its private lending arm, International Finance Corporation, is indirectly supporting the Surabaya coal complex. IFC denies any non-compliance with existing policies.
July 16, 2024
Mongabay
A new report reveals that the World Bank’s private sector arm, the International Finance Corporation (IFC), has indirectly financed at least one captive coal project on Indonesia’s Obi Island via its financial intermediary client, Hana Bank Indonesia.
June 12, 2024
The Intercept
The World Bank’s private investment arm is refusing to directly compensate individuals who faced sexual, physical, and financial harms at a chain of schools it funded in Africa and India, despite requests from the people who were hurt and pressure from civil society advocates, U.S. senators, and an internal watchdog.
May 6, 2024
Eco-Business
A new study by civic society groups accuses the Asian Development Bank of indirectly financing coal power plants in Indonesia as the multilateral holds its annual general meeting in Tbilisi, Georgia.