Raiffeisen Bank International
The Austrian government has abandoned its proposal to award €2 billion in frozen Russian assets to RBI. BankTrack and partners had sent an open letter to the European Commission opposing the plan.
UBS
On October 28th, the Swiss OECD National Contact Point announced that UBS had refused mediation with BankTrack and Worth Rises over an OECD complaint on the bank's private prison investments - the first time a European commercial bank has refused OECD complaint mediation.
Standard Chartered
In October, it was announced that Standard Chartered is replacing Crédit Agricole as financial advisor for the Rovuma LNG project in Cabo Delgado, Mozambique. Crédit Agricole pulled out of the project in March 2024.
ANZ
BankTrack and partners submitted a complaint to ANZ's in-house grievance mechanism, alleging that the bank did not conduct adequate human rights checks when deciding to finance Perusahaan Listrik Negara (PLN). PLN plans to expand coal power until 2034, despite the severe public health impacts linked to its coal power plants.
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