ABP, Allianz and ING financing the climate crisis
Five years after the Paris Climate Agreement, Dutch banks, insurers and pension funds are still investing much more money in fossil fuels than in sustainable energy. These findings come from new research published by the Fair Finance Guide Netherlands.
Fair Finance Methodology 2021
The Fair Finance Guide Methodology has been updated to keep pace with the latest standards and developments in sustainable finance. As the integration of environmental, social and governance (ESG) aspects in financing continues to evolve, the Fair Finance methodology forms an important instrument to benchmark the financial sector on responsible and sustainable practice, and to advocate for improvements.
Netherlands' financial institutions not Paris proof
The climate plans of the Dutch financial sector are totally insufficient to achieve the goals of the Paris Climate Agreement. Fair Finance Guide Netherlands calls for the introduction of a legal climate obligation for financial institutions.
Major insurers doing little on human rights violations
Papilou Roland's village is surrounded by deadly pools of oil leaked from Shell pipelines, which spread a pungent oil smoke and make the water undrinkable. Major insurers continue to invest billions in multinationals like Shell which commit human rights violations, yet do next to nothing to enforce changes.
A Future Without Coal: Banking on Asia's Just Energy Transition
Latest study by Fair Finance Asia reveals continued growth in Asia’s coal sector even after the signing of the Paris Agreement in 2015 due to financing by banks and investors operating in the region.
SHIFTING FINANCIAL SYSTEMS AWAY FROM HARMFUL PRACTICES TO THOSE THAT RESPECT AND PROTECT HUMAN RIGHTS AND THE PLANET.
Trillions in investments used responsibly and sustainably have the power to address the most important challenges we face today. Where finance goes today, the world goes tomorrow.
Our network of over 100 CSOs works to strengthen the commitment of all financial institutions to act on and adhere to Social, Environmental, and Human Rights standards. Read their opinions here.
FINANCING DRIVING THE CLIMATE CRISIS
The “Dia do Fogo” or ‘Day of Fires’ in August 2019 put the Brazilian Amazon in the headlines around the world and caused international alarm. The fires that raged contributed to the deforestation of up to 1.2 million hectares in 2019 alone - more than 60% of that being in the Amazon. Since that day, deforestation alerts in the Amazon have grown 34.5%, pushing this eco-system to a climate-critical tipping point.
The Fair Finance International (FFI) network carried out three large studies analyzing how much money is really being invested in companies with a high risk of involvement in deforestation in the Brazilian Amazon and Cerrado.
By bringing together data from financial institutions active in Germany, Norway and the Netherlands, FFI revealed billions in investments in these companies. Read more
FAIR FINANCE GUIDES
The Fair Finance Guides provide consumers with information on the policies and practices of their financial institutions, both at home and abroad.
The Belgian Fair Finance Guide is an initiative of FairFin, 11.11.11., CNCD, and Vrede
Guia dos Bancos Responsáveis is led by the Idec and supported by Instituto Sou da Paz, Conectas, and World Animal Protection Brazil
Fair Finance Guide Germany is led by Facing Finance and supported by Verbraucherzentrale Bremen, and Südwind.
Fair Finance Guide Japan members are: JACSES APLA, JATAN) and PARC
The Dutch Fair Finance Guide coalition includes Oxfam Novib, Amnesty International Netherlands, and Friends of the Earth Netherlands, World Animal Protection and PAX .
The Norwegian Fair Finance Guide is a partnership of the Norwegian Consumer Council and Future in our hands/Framtiden i våre hender.
Fair Finance Vietnam members include: Oxfam, CEPEW,Warecod, MEC.
A regional network of civil society organizations
Fair Finance International collaborates and partners with Fair Finance Asia, a regional network of over 70 Asian civil society organizations committed to ensuring that financial institutions’ funding decisions in the region respect the social and environmental well-being of local communities.
Through our cross-collaboration we support sustainable financing initiatives and knowledge sharing, and strengthen the evidence base in cases of harmful investments to better hold financial institutions to account. By connecting these diverse national, regional and global perspectives the Fair Finance network as a whole can advise on and advocate for meaningful changes to financing systems, with positive results for citizens and communities.