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Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.

BankTrack’s expanded False Solutions Tracker, launched today, confirms the findings of the pilot version: false solutions are almost systematically included in the scope of banks’ sustainable finance targets. These energy technologies – including biomass; carbon capture, usage and storage (CCUS); and nuclear power – are incompatible with a just energy transition and should…

2025-05-20 | Nijmegen | BankTrack

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Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.

2025-05-20 | Nijmegen | BankTrack

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Santander backed major South American deforester Cresud despite net zero pledge

Argentinean “agricultural real estate” company Cresud is responsible for deforestation three times the size of Madrid and significant carbon emissions

2025-05-15 | Argentina | Global Witness

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Global LNG fleet’s annual CO₂e emissions soar past 12 billion tonnes while orderbooks shrug off overcapacity warning

LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll

2025-05-13 | Seoul | Solutions for Our Climate

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AGM Report: Standard Chartered called out for bankrolling dangerous fossil fuel projects

Campaigners call on UK-based bank to set robust energy transition plan and end finance for destructive projects in Mozambique & the Philippines

BankTrack blog

2025-05-09 | BankTrack

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75 Indigenous people and organizations and allied civil society organizations call upon financiers to uphold the rights of Indigenous Peoples globally

2025-05-08 | Banks & Biodiversity

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Nippon Steel’s coal focus a risk for investors

2025-05-08 | Tokyo | SteelWatch

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Backtracking on people and planet: frontline communities demand accountability from ArcelorMittal and Ternium

2025-05-07 | Luxembourg | Fair Steel Coalition

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Shedding Light on the Role of Chinese Banks in Abuses Against Environmental Defenders

Partner blog

2025-05-06 | Latinoamérica Sustentable

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Indian steel-affected communities launch complaint against Australian and Japanese banks

New complaint alleges banks failed to uphold human rights standards by lending to JSW Steel in India

2025-05-02 | BankTrack

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Upcoming events

May20

Société Générale AGM

The annual general meeting of Société Générale's shareholders.

Tue May 20 2025 4:00 PM (UTC) Paris, France AGM

May22

Deutsche Bank AGM

The annual general meeting of Deutsche Bank

Thu May 22 2025 10:00 AM (UTC) Online AGM

May27

Meet-up 'Spreek je uit' ING

Dutch-language online event from Fossielvrij NL

Tue May 27 2025 8:00 PM - 9:00 PM (UTC+1) Online Meet up

All events

Spotlight

Read BankTrack's 2024 Annual Report
Our advocacy, successes and setbacks in the ongoing mission to hold commercial banks accountable for their role in financing the climate crisis, biodiversity collapse, and human rights violations.

ING: Spreek je uit 
Steeds meer zakelijke klanten en sponsorrelatie spreken zich uit tegen ING’s fossiele financiering. Help mee om de druk vanuit bedrijven, verenigingen en culturele instellingen te laten groeien!

Raiffeisen Bank International subsidiary still invested in sanctioned Russian entities, find BankTrack and B4Ukraine
Austrian banking group's Russian asset manager holds mutual funds with investments in Sberbank, Gazprom, government bonds

Target Dodgy Deals

ArcelorMittal

Luxembourg | company

Adani Group

India | company

Perusahaan Listrik Negara (PT PLN)

Indonesia | company

Simandou Iron Ore Project

Guinea | project

JSW Utkal Steel plant and captive coal power station

India | project

Mozambique LNG

Mozambique | project

East African Crude Oil Pipeline (EACOP)

Uganda | project

Glencore

Switzerland | company

All Dodgy Deals

Focus banks

KCB Bank

Kenya

Kenya's KCB committed $200 million to the East African Crude Oil Pipeline (EACOP). When 11 peaceful activists attempted to deliver a letter about this, they were lured into a basement where they were ambushed and arrested on false charges.

NatWest Group

United Kingdom

New analysis found that NatWest has amended its fossil fuel policy to allow the bank to support financing for oil and gas companies without a credible transition plan.

Standard Chartered

United Kingdom

Held its AGM in early May, where campaigners called on the bank to set a robust energy transition plan and end finance for destructive projects in Mozambique & the Philippines. Read the AGM report here.

ING

Netherlands

Dutch banking giant ING was served a giant 12-metre “Bill of Destruction” at its Annual General Meeting (AGM), revealing the long list of damages linked to ING’s fossil fuel financing.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

All campaigns and projects

Latest publications

    
    BankTrack Annual Report 2024

                    2025-04-15 00:00:00
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                        BankTrack                    
                                    
    Burning the Bridge

                    2024-12-11 00:00:00
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                        BankTrack, B4Ukraine                    
                                    
    The BankTrack Global Human Rights Benchmark 2024

                    2024-11-27 00:00:00
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                        BankTrack                    
                                    
    Banking on biodiversity collapse 2024

                    2024-10-16 00:00:00
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                        Forest and Finance Coalition