Eyes closed, costs down, profits up. A multitude of companies still act according to this motto. Their poor labor, safety and environmental standards repeatedly lead to fatal accidents, environmental disasters and serious human rights violations.
Fair Finance International welcomes Fair Finance Southern Africa as its newest member to the network. Fair Finance Southern Africa is the first African Fair Finance coalition to be created. The Fair Finance alliance is now active in 15 different countries and on 4 continents.
The Fair Finance Guide Methodology has been updated. 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.
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.
In this guest blog Moka Yamagata of Fair Finance Guide Japan discusses the new assessment scores and shows the clear success of the “race to the top” approach of the Fair Finance Guide in Japan.
Harvesting Inequality: The Social Impact of Financial Institutions' Investments in Asia's Agribusinesses - Fair Finance Asia's newest study reveals gender equality is ignored by financial institutions that invest in big Asian agricultural conglomerates.