The International Finance Corporation’s financial intermediary investments, fossil fuels and the climate crisis
The International Finance Corporation (IFC) still has a fossil fuel addiction. In the year when the Multilateral Development Banks (MDBs) are finally aligning their portfolios with the Paris Agreement on climate change, over seven years after the Agreement itself was made, it is time for change.
This analysis shows banks supporting the East African Oil Pipeline (EACOP) project would be in non-compliance with their commitments under the Equator Principles.
This analysis shows banks supporting the East African Oil Pipeline (EACOP) and the associated Tilenga and Kingfisher oil field projects would be in non-compliance with their commitments under the Equator Principles.
Reviewing the GEA as a step towards IFC Paris Alignment
As the International Finance Corporation (IFC) embarks on a review of its Green Equity Approach, this report, ’10 Essentials for a ‘Truly Green’ Green Equity Approach’ outlines civil society recommendations to ensure equity investments under the IFC are shifted away from fossil fuel financing.
The $40 trillion environmental, social and governance (ESG) investment industry promises to align your money with your values – and make the world a better place. But an investigation by Inclusive Development International reveals that ESG-labeled funds have funneled billions into companies arming,
Guiding Practice from the Policies of Independent Accountability Mechanisms
Independent Accountability Mechanisms at development banks and other international financial institutions can play a key role protecting human rights against development-related harms, if they have the right policies in place. This guide is a roadmap that IAMs can follow to become more effective.
Pourquoi les constructeurs automobiles devraient se soucier des conséquences de la production d’aluminium sur les droits humains
L’aluminium, un métal léger, est un composant majeur pour assurer la transition vers les voitures électriques et les véhicules plus économes en carburant. Malgré l’extraction de la bauxite et la production d’aluminium peuvent avoir des conséquences dévastatrices sur les droits humains.
Why Car Companies Should Address the Human Rights Impact of Aluminum Production
Aluminum: The Car Industry’s Blind Spot, a joint report by Inclusive Development International and Human Rights Watch, sheds light on the human rights consequences of the aluminum industry, using examples from around the world and an in-depth case study of bauxite mining in Guinea.
This essay explores how the energy investment priorities of Chinese companies and banks, along with the development decisions of the Cambodian Government, in the long term could set back industrial upgrading, diversification, and job creation, ultimately harming Cambodia’s economy.
This report by BankTrack is endorsed by the Africa Institute for Energy Governance (AFIEGO), Both ENDS, Just Share and Inclusive Development International. It outlines the risks the companies and banks could face from the EACOP.
