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Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

This story was produced in collaboration with local partners who can not be named for safety reasons. February 1st 2024 marks the third anniversary of the attempted coup d’etat by the Myanmar military junta. The military junta has inflicted extreme suffering on the people of Myanmar and has caused a humanitarian and economic crisis. The constant and mass resistance to the military’s…

2024-02-01 | BankTrack

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Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

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2024-02-01 | BankTrack

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EU Due Diligence Directive deal: a missed opportunity to advance better outcomes for people adversely affected by bank finance

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2024-01-25 | Nijmegen, Netherlands | Giulia Barbos – BankTrack

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Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy

2024-01-23 | Will O'Sullivan – BankTrack

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First Shell, now it's ING's turn: Friends of the Earth Netherlands is starting a new climate lawsuit

2024-01-22 | Amsterdam | Milieudefensie

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Civil society groups file OECD complaint against Swiss and UK banks over private prison stock

Complaint specifies breaches of OECD Guidelines that have led to gross human rights violations

2024-01-16 | New York and Nijmegen | BankTrack, Coalition for Immigrant Freedom, Worth Rises

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Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance

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POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments

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2023-12-18 | Julia Hovenier – BankTrack

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Crédit Agricole advances on climate change, but drags its feet

Despite the adoption of ambitious decarbonization targets, the French bank has allowed room to finance new fossil fuel infrastructure projects such as liquefied natural gas (LNG) terminals, as well as companies developing new oil and gas fields or infrastructure.

2023-12-14 | Paris | Reclaim Finance

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96 civil society organizations call upon banks to help stop and reverse the biodiversity crisis

2023-12-14 | Washington DC | BankTrack, Banks & Biodiversity, Friends of the Earth US

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Target Dodgy Deals

GEO Group

United States | company

CoreCivic

United States | company

Mozambique LNG

Mozambique | project

Whitehaven Coal

Australia | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

POSCO Holdings

South Korea | company

JBS

Brazil | company

Simandou Iron Ore Project

Guinea | project

All Dodgy Deals

Focus banks

ING

Netherlands

Milieudefensie announced in January that it would be launching a lawsuit against ING demanding the bank halves its emissions in 2030 compared to 2019.

Mitsubishi UFJ Financial Group (MUFG)

Japan

In a new report by Reclaim Finance, MUFG was named the largest bank financier of metallurgical coal developers, providing USD 21.2 billion between 2016 and 2023.

Raiffeisen Bank International

Austria

The largest international bank remaining in Russia, generating half its profits there and resisting calls to withdraw.

Crédit Agricole

France

Announced a new target for reduction of financed emissions linked to oil & gas - but without guaranteeing an end to support for companies expanding the sector. See the Reclaim Finance reaction here.

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Latest publications

    
    Coal Havens

                    2024-01-23 00:00:00
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                        BankTrack                    
                                    
    Still bankrolling coal (for steel) 

                    2023-10-10 00:00:00
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                        Julia Hovenier, BankTrack                    
                                    
    Barclays' bond with Adani

                    2023-09-18 00:00:00
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                        Banktrack & Toxic Bonds Network                    
                                    
How Barclays, one of the Adani Group's most loyal banks, must cease facilitating Adani's access to capital for the sake of the climate, human rights - and Barcalys' own good

    How should financiers align with the Global Biodiversity Framework? Five Key Principles

                    2023-06-26 00:00:00
                     |
                    
                        BankTrack, Bank Information Centre (BIC), Friends of the Earth US, Rainforest Action Network (RAN)