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Royal Bank of Scotland Rules Out Financing Major Coal Port Expansion

In yet another sign of major international banks’ growing unwillingness to fund coal terminal projects that threaten the iconic Great Barrier Reef, Royal Bank of Scotland last night joined Deutsche Bank and HSBC in publicly ruling out financing of the controversial Abbot Point coal terminal near Bowen, Queensland. The terminal will export coal from the [...]

Chevron Management Hit with Protests on Five Continents over Environmental Abuses

In a global protest event spanning five continents, several communities affected by Chevron’s sloppy operational practices call on consumers and governments to not do business with oil giant until the company’s management team cleans up its act and implements new policies to better protect the environment. The communities – which include indigenous groups in Ecuador, [...]

Cultural change light – Deutsche Bank doesn’t make any progress on sustainability

Action Outcry, Association of Critical Shareholders, ethecon, Facing Finance, Urgewald, Oxfam Germany, Friends of the Earth Europe, Pax Christi, Rettet den Regenwald, Robin Wood A broad coalition of environmental and human rights organisations is calling on the Deutsche Bank to finally start the much-needed cultural change towards sustainability. This Thursday sees a large number of [...]

Mizuho must lead by example as new Equator Principles chair, says BankTrack

“Para Egger, as raízes da atual crise dizem respeito ao paradigma e ao nosso ser interior.  A salvaguarda da criação implica também uma ecologia do espírito.  A grande batalha trava-se na nossa cabeça e, mais ainda, no nosso coração”. Today, as Mizuho Bank takes over from ING as the chair of the Equator Principles Association, [...]

RSB Certification Recognized by Unilever

Unilever now recognises RSB-certified products as “sustainably sourced.” Based on a review of the RSB standard and certification system, Unilever recognises that RSB fulfils all the requirements of Unilever’s Sustainable Agriculture Code (SAC). The RSB standard and certification scheme cover environmental aspects of biomass production and processing, such as biodiversity, water and soil, as well [...]

Updated Dutch Fair Bank Guide finds big differences in banks’ sustainability policies

In 2013, seven Dutch banks have improved their sustainability policies regarding all told 16 subjects. This applies to ABN Amro, Aegon Bank, ASN Bank, NIBC, Rabobank, SNS Bank and Van Lanschot. Three banks, Delta Lloyd Bank, ING Bank and Triodos, have not introduced policy improvements in 2013, despite the fact that these banks do not [...]

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines – Banks must urgently curb fossil fuel financing The Green Bonds Principles, a new set of guidelines for issuers of green bonds signed by 13 commercial banks last January, need to be revised to include genuine commitments rather than broad recommendations, and must tackle the [...]

Mizuho will Assume the Chair of the Equator Principles Association

First Asian Bank to Hold the Chair Position Mizuho Bank, Ltd. (MHBK; Yasuhiro Sato, President and CEO) will take on the role of Chair of the Equator Principles Association (EPA) from 1st May. This is the first time an Asian bank has been appointed as the EPA Chair. The EPA is an association of 79 [...]

Norway’s oil fund ploughs forward in renewable energy investment

Norway’s sovereign wealth fund, the largest in the world, is set to increase its exposure to renewable energy. According to the WWF, the size of the pension fund means the move has the potential to have a global impact. Erna Solberg, Norway’s prime minister, confirmed measures to increase the fund’s investment in clean energy as [...]

RSB Launches Simplified Certification Process For Bonsucro Certified Entities

The Roundtable on Sustainable Biomaterials (RSB) is pleased to announce that Bonsucro certified operators will now be able to access RSB certification through a simplified audit process to demonstrate compliance, therefore saving costs and time. An RSB study released today concludes that RSB and Bonsucro sustainability standards have significant overlap on most of their requirements. [...]




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