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New investigation finds banks may violate coal policies through steel loophole

CSOs reiterate call to close loopholes, and adopt policies that phase out finance for ALL coal
2025-06-24 | BankTrack
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Eight civil organizations file amicus curiae, urge court to hold Bank Mandiri accountable for destructive financing

2025-06-18 | Jakarta | BankTrack, ICEL, KPA, Milieudefensie, RimbaWatch, Trend Asia, TuK INDONESIA, WALHI
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Banks fossil fuel finance totals $869 billion in 2024, a dramatic increase in financing

Annual Banking on Climate Chaos reports $429 billion USD going to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
2025-06-17 | New York | BankTrack, urgewald, Center for Energy, Ecology and Development (CEED), Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
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JBS goes public in the US, now faces new legal backlash

2025-06-13 | New York | Drop JBS Coalition
Blog
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Under the spotlight: Banks urged not to cross Red Lines when it comes to Pulp and Paper

2025-06-12 | Nijmegen | BankTrack, Banks & Biodiversity, EPN, Forests & Finance Coalition
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Civil society organisations urge rejection of deceptive accounting schemes in steel standards

2025-06-12 | The Hague | SteelWatch
Blog
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Nordea backtracks - wants to give new loans to climate-damaging companies

Nordea has become the first bank in Sweden to lower the sustainability requirements in its lending policy. The bank is now opening the door to new loans to climate villains involved in oil sands, shale oil and extraction in the northern Arctic.
2025-06-09 | Fair Finance Guide Sweden, Swedish Society for Nature Conservation
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Banking on terror: ASEAN banks fuelling Myanmar junta’s international crimes

2025-06-04 | Justice For Myanmar
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Adani and Société Générale: the French Financial Markets Authority must act

2025-06-03 | Paris | Reclaim Finance
All news
Upcoming events
Jun22

Our Land Without Oil (DRC): Call for International Mobilization - June 22 - 28 2025

International Week of Action - June 22 to 28, 2025 Stop Oil Expansion in the DRC — Stand for Climate Justice
Sun Jun 22 2025 12:00 AM (UTC) Sat Jun 28 2025 12:00 AM (UTC) Action
Jul8

Still Banking on Coal 2025

Publication of the 2025 Still Banking on Coal report
Tue Jul 08 2025 12:00 AM (UTC)
Jul22

Train the Trainers // Banking on Climate Chaos (BOCC)

Training for campaigners interested in providing their own bank campaigning training based on the results of this year's Banking on Climate Chaos report
Tue Jul 22 2025 9:00 AM - 6:00 PM (UTC+2) Online Training
All events
Spotlight
Target Dodgy Deals

Adani Group

India | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

Mozambique LNG

Mozambique | project

JSW Utkal Steel plant and captive coal power station

India | project

Glencore

Switzerland | company

Perusahaan Listrik Negara (PT PLN)

Indonesia | company

ArcelorMittal

Luxembourg | company

Jadar lithium mine

Serbia | project
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. 

Bank Mandiri

Indonesia

TuK Indonesia has taken Bank Mandiri to court, demanding an immediate halt to financing of palm oil companies engaged in environmental destruction and human rights violations in Indonesia. In June, BankTrack and other groups submitted an amicus curiae letter in support of the lawsuit.

Nordea

Finland

Nordea lowered the ambition of previous commitments regarding its lending policy to companies involved in Arctic oil and gas.

JPMorgan Chase

United States

JP Morgan Chase is the largest fossil fuel financier in the world, committing $53.5 billion to fossil fuel companies in 2024, including $27.8 billion to the top fossil fuel expanders, and topping also the increase in fossil finance from 2023 by adding $15 billion in 2024.

All banks
Latest publications
BankTrack Annual Report 2024
2025-04-15 00:00:00 | BankTrack
Burning the Bridge
2024-12-11 00:00:00 | BankTrack, B4Ukraine
The BankTrack Global Human Rights Benchmark 2024
2024-11-27 00:00:00 | BankTrack
Banking on biodiversity collapse 2024
2024-10-16 00:00:00 | Forest and Finance Coalition
All publications

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