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about SETEM
SETEM is a Development NGO whose work is focused on raising awareness of the inequalities that exist between Northern and Southern countries. In particular, it aims to contribute to the sustainable development of the financial system by fostering initiatives that are engaged in social justice and the protection of natural resources like fair trade, labor insertion, or organic farming projects among others.
BankTrack members unveil bank secrets
Six European organizations launch a revealing website: www.banksecrets.eu
Brussels, Jun 25 2009 | CRBM

Campagna per la Riforma della Banca Mundiale (Italy), Friends of the Earth (France), Netwerk Vlaanderen (Belgium), Platform (UK), SETEM (Spain) and Urgewald (Germany) expose investments in harmful practices and companies of thirteen large European banks in this new website.  Despite of the banking crisis, financial institutions continue to do harmful investments in a sphere of secrecy. To expose banks´ secrets, activists ‘undressed the banks' by staging parallel theatrical activities in the main European capitals. 

Recent research done by these members of the BankTrack network uncovers the links between banks and blacklisted companies supporting dictators, causing…read more


Spain’s Banco Santander Criticized for Hypocrisy
Santander signs Equator Principles while financing Madeira Dam
Washington, D.C., May 13 2009 | Amazon watch

Spain’s Banco Santander, which has been facing growing criticism for being a lead financier in a highly controversial dam project in the Brazilian Amazon, recently signed on to the “Equator Principles,” a set of socially and environmentally responsible financing guidelines adopted…read more

Complaint filed with ING and BBVA On Pulp Paper Projects in Uruguay
Banks asked to assess Equator Principles compliance
London, Dec 16 2005 | CEDHA

The Center for Human Rights and Environment (CEDHA) this week filed an unprecedented compliance complaint to the ING group of the Netherlands and BBVA of Spain, for the alleged violation to the Equator Principles of two International Finance Corporation (IFC) paper pulp…read more