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.
Barclays
On October 28th, Mighty Earth filed a formal complaint with the UK's Financial Conduct Authority calling for an investigation into Barclays' "market misconduct" in underwriting $3 billion of JBS’s Sustainability-Lined Bonds (SLBs), which are alleged to be fraudulent.
ANZ
A recent report from Market Forces highlights ANZ as the biggest funder of fossil fuels among Australian banks, having loaned or arranged over $15.9 billion for companies in the Global Coal, Oil and Gas Exit Lists in the last decade. Its AGM is on Dec 18th.
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