Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2022-06-30 00:00:00
BankTrack hosts webinars on the 2022 Banking on Climate Chaos report
2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
Connect
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Sign open letter to GFANZ chairs
Carney and Bloomberg; Stop Russia's agression against Ukraine and the world, stop financing fossil fuels
Banking on Climate Chaos 2022
Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
Sign the global call! Banks, stop financing fossil fuels.
Visit the website of the Fossil Banks, No Thanks platform

LATEST NEWS

blog
external news
our news

BankTrack hosts webinars on the 2022 Banking on Climate Chaos report

Webinar programme organized along with Reclaim Finance, Amazon Watch and 350 Latin America featured frontline community activists from Uganda to Ecuador
2022-06-30 | BankTrack
Together with partners Reclaim Finance, Amazon Watch and 350 Latin America, BankTrack hosted a webinar programme that brought to life March’s Banking on Climate Chaos 2022 report. Held on May 24th and June 15th, the webinars featured frontline community activists from Uganda to Ecuador, who provided searing, first-hand testimonies of how fossil fuel finance uproots lives and destroys environments. Banking on Climate Chaos in a nutshell The webinar programme incorporated voices from both the Global North and South, with the May event concentrating on European projects and banks, followed by Latin America in June. Through on-the-ground insights into the efforts to delegitimize projects such as Southern Europe’s Trans Adriatic Pipeline, or Argentina’s Vaca Muerta fracking site, attendees gained a deeper impression of the report’s case studies. 2022’s 13th annual Banking on Climate Chaos report is the most comprehensive global analysis of  fossil banking to date. It scrutinises the fossil fuel financing activities and policies of the world’s 60 largest commercial and investment banks. It revealed that this top 60 is now responsible for  providing US$ 4.6 trillion in fossil fuel financing since the adoption of the Paris Agreement six years ago. Of that, US$ 742 billion was arranged in 2021 alone. Maaike Beenes, Banks and Climate Campaign Lead at BankTrack, explained the report’s production and key takeaways, while Clément Faul, Research and Analysis Manager at Reclaim…

blog
external news
our news

BankTrack hosts webinars on the 2022 Banking on Climate Chaos report

Webinar programme organized along with Reclaim Finance, Amazon Watch and 350 Latin America featured frontline community activists from Uganda to Ecuador
2022-06-30 | BankTrack
Together with partners Reclaim Finance, Amazon Watch and 350 Latin America, BankTrack hosted a webinar programme that brought to life March’s Banking on Climate Chaos 2022 report. Held on May 24th and June 15th, the webinars featured frontline community activists from Uganda to Ecuador, who provided searing, first-hand testimonies of how fossil fuel finance uproots lives and destroys environments. Banking on Climate Chaos in a nutshell The webinar programme incorporated voices from both the Global North and South, with the May event concentrating on European projects and banks, followed by Latin America in June. Through on-the-ground insights into the efforts to delegitimize projects such as Southern Europe’s Trans Adriatic Pipeline, or Argentina’s Vaca Muerta fracking site, attendees gained a deeper impression of the report’s case studies. 2022’s 13th annual Banking on Climate Chaos report is the most comprehensive global analysis of  fossil banking to date. It scrutinises the fossil fuel financing activities and policies of the world’s 60 largest commercial and investment banks. It revealed that this top 60 is now responsible for  providing US$ 4.6 trillion in fossil fuel financing since the adoption of the Paris Agreement six years ago. Of that, US$ 742 billion was arranged in 2021 alone. Maaike Beenes, Banks and Climate Campaign Lead at BankTrack, explained the report’s production and key takeaways, while Clément Faul, Research and Analysis Manager at Reclaim…
blog
external news
our news

Shareholders urge Japanese companies to take urgent climate action

2022-06-29 | 350.org Japan, FOE Japan, Kiko Network, Market Forces, Rainforest Action Network
Japanese corporations have faced a record number of shareholders backing proposals calling for greater action and transparency on meeting net-zero carbon emissions targets. Today, and over the past week, shareholders representing USD 22 billion (JPY 3 trillion) investment in these corporations have put four of Japan’s largest companies in the spotlight on climate-risk management – Mitsubishi Corporation, Sumitomo Mitsui Financial Group (SMBC Group), and two utilities Tokyo Electric Power Company Holdings (TEPCO) and Chubu Electric Power Co who jointly own JERA, the largest thermal power generator in Japan. The shareholders include civil society organisations or their representatives, including 350.org Japan, Friends of the Earth Japan, Kiko Network, Market Forces and Rainforest Action Network. The votes demonstrate that the tide has turned for companies failing to align their business practices with the growing risks due to the climate crisis. There is a strong momentum of institutional investors and shareholders who are demanding action to counter these grave threats. Mitsubishi Corporation “With its significant investments in the polluting and risky LNG sector, Mitsubishi Corporation has been betting shareholder capital against the clean energy transition it claims to support. On proposals 5 and 6, investors representing 1.2 trillion and 960 billion yen investments respectively, have made a clear directive to Mitsubishi that before the company moves forward with any new LNG plans, the company must…
blog
external news
our news

Daughter of murdered Honduran human rights activist files criminal complaint against Dutch Development Bank FMO

2022-06-28 | Global Justice Association
Bertha Zúniga Cáceres today filed a criminal complaint with the Public Prosecutor's Office, against the Dutch development bank FMO. The daughter of the Goldman Environmental Prize Winner Berta Cáceres Flores, who was murdered in March 2016, requests the Public Prosecutor to launch a criminal investigation into the complicity of FMO and its executives in violence, corruption, misappropriation of funds and money laundering in the context of the development of the Agua Zarca dam in Honduras. Murder of Berta Cáceres and role of state bank FMO Between February 2014 and March 2016, the Dutch state bank FMO lent millions to a Honduran construction company, whose former CEO, David Castillo, was sentenced to 22 years in prison in June 2022 for his role in the murder of human rights activist Berta Cáceres. She opposed the construction of a hydroelectric plant on indigenous land, for which the funding was intended. Cáceres Flores' daughter, Bertha Zúniga Cáceres, is in the Netherlands this week to file a criminal complaint against FMO. She claims that FMO continued to financially support the construction company DESA despite repeated warnings from outside and that a significant part of the development funding for the project was siphoned off to third parties. Zúniga Cáceres is represented in the Netherlands by law firm Global Justice Association (GJA) in Amsterdam. Ignoring warning signs Zúniga Cáceres: “At the time of the FMO financing, my…
blog
external news
our news

As the Industrial and Commercial Bank of China holds its Annual General Meeting, civic groups call for the bank to stop funding fossil fuels

2022-06-23 | #StopEACOP, 350.org
Today the Industrial and Commercial Bank of China (ICBC), one of the three financial advisors of the East African Crude Oil Pipeline (EACOP), among other fossil fuel projects, is holding its Annual General Meeting (AGM), where shareholders will be making important decisions regarding the financial institution’s policies and investment plans. In preceding weeks, under the rallying calls #StopEACOP and #GoCleanICBC, 350.org, the StopEACOP coalition and partners have led a campaign to pressure the bank to cease financing fossil fuel developments. While China pledged last year that it would no longer fund new coal projects overseas, this commitment excludes communities impacted by ICBC-funded coal plants currently in operation, and omits any commitments regarding the financing of oil and gas projects overseas. There is no room for any new fossil fuel projects anywhere in the world. Twenty other financial institutions have already pulled out of EACOP due to the undeniable negative impacts the project would impose on communities’ health, human rights, and environment. To drive this message home to ICBC, activists took photos in front of ICBC offices around the world, and showed their solidarity with people affected by EACOP and other oil projects in Uganda by delivering a petition signed by 2,591 project affected people. There was also an online action demanding the bank switch from being a funder of dirty energy and instead to fulfill its potential to become a global leader in financing the just transition to renewable…
blog
external news
our news

Banks and financiers back beef giant JBS to the tune of almost $1bn despite links to widespread deforestation, land grabbing and slave labour in the Amazon

2022-06-23 | Brazil | Global Witness
New Global Witness investigation reveals JBS sourced cattle from 144 ranches in the Amazon state of Pará that contained over 10,000 football pitches of illegal Amazon clearance, contrary to its legal no deforestation obligations JBS also failed to monitor a further 1,600 ranches further up its supply chain with 57,000 football pitches of deforestation Leather from there was exported to Italian manufacturer Gruppo Mastrotto, which supplies well-known brands like Volkswagen, Toyota and Ikea UK supermarkets like Sainsbury’s, Iceland and Asda stocked products with JBS corned beef in February 2022, while Morrisons dropped the stock when approached by Global Witness HSBC, Barclays, Santander, Deutsche Bank, BlackRock and JP Morgan are among the major financial institutions still backing JBS to the tune of almost $1bn in shareholdings in spite of its myriad failings on deforestation Giant meat trader JBS is still sourcing cattle from ranchers responsible for widespread illegal rainforest destruction and human rights abuses in the Brazilian Amazon, Global Witness reveals today. Our investigation shows that JBS’s tainted leather from its problematic Pará operations ended up in the warehouses of well-known Italian leather company Gruppo Mastrotto, which supplies to major global car manufacturers and furniture-makers. UK supermarkets also continue sourcing corned beef from JBS even as they previously pledged to drop some of its products,…
blog
external news
our news

Crédit Agricole takes first step to phase out from the oil and gas sector

2022-06-22 | Paris, France | Reclaim Finance
As part of its “Ambitions 2025” plan presented this morning (1), Crédit Agricole announced decarbonisation targets for the automobile and oil and gas sectors. The measures announced are a first step towards phasing out the oil and gas sector, but will not be enough to allow Crédit Agricole to fully contribute to the objective of limiting global warming to 1.5°C. The group has already announced that it will adopt additional measures in the near future in line with the recommendations of the Glasgow Financial Alliance for Net Zero (GFANZ). Reclaim Finance welcomes this announcement and calls on Crédit Agricole to follow through by announcing the end of its support for oil and gas expansion by the end of 2022. In addition to measures on the automobile sector, Crédit Agricole announced a target to reduce CO2 emissions from oil and gas financing by 30% in absolute terms between 2020 and 2030 (1). This follows from its commitment, through the Net-Zero Banking Alliance (NZBA) and the Glasgow Financial Alliance for Net Zero (GFANZ), to align its portfolio with the objective of achieving carbon neutrality by 2050 in order to limit global warming to 1.5°C (2). Crédit Agricole announces that it will publish a new oil and gas policy in 2022 and 2023 to ensure that these targets are met, in line with the recommendations of the Glasgow Financial Alliance for Net Zero. “We welcome Credit Agricole’s announcement which acknowledges for the first time the need to phase out oil…
blog
external news
our news

Strengthened Race to Zero criteria require GFANZ to support fossil fuels phase-out

2022-06-17 | Paris, France | Reclaim Finance
The United Nation’s (UN) Race to Zero Campaign, an initiative of the UN climate convention, has updated and strengthened the criteria that must be followed by its more than ten thousand members. The new criteria explicitly mention for the first time the need for “phasing down and out all unabated fossil fuels as part of a global just transition” and require Race to Zero members to “restrict the development, financing, and facilitation of new fossil assets”. The UN “climate champions” who lead the Race to Zero have urged all its members to comply with these criteria within one year or risk being removed from the race. Glasgow Financial Alliance for Net Zero (GFANZ) must now pick up the gauntlet and ensure that all its members align with the new Race to Zero targets and expectations. The Race to Zero’s (1) newly strengthened and expanded criteria are the product of a five-month long participative process involving more than 200 experts from the worlds of science, academia, business, finance, and civil society. The experts’ recommendations were synthesized by the Race to Zero’s Expert Panel Review Group and received final approval from the leaders of the Race to the Zero, the UN’s “High-Level Climate Champions”, Nigel Topping and Dr Mahmoud Mohieldin. New and stronger expectations to slash emissions and phase down fossil fuels The Race to Zero criteria are divided into “Starting Line” criteria, which are the minimum requirements…
More news...
Get BankTrack updates delivered to your inbox
Latest Tweets
RT @Arslansume: 🗣spread the word! We at @BankTrack are searching for one or two interns working on one of our four campaigns: climate, huma…
2022-07-01
ICYMI: Here's a wrap up of our #BankingOnClimateChaos webinar series, which featured data from the 2022 report + st… https://t.co/uN4OX43rcT
2022-07-01
Notice Board
Update Alerts
On 2022-06-29 16:32:10 we updated the Agua Zarca hydro project project page.
On 2022-06-17 12:27:57 we created the Jackdaw gas field project page.
On 2022-06-14 15:58:45 we updated the Itaú-Unibanco bank page.
External News
ReconAfrica kicks off hotly watched drill campaign
2022-06-28 00:00:00
|
Energy Voice
From Peru to Uganda, activists call on Deutsche Bank to drop fossil finance
2022-06-28 00:00:00
|
Reuters
The Cash Before The Killing
2022-06-23 00:00:00
|
The Intercept
Banks urged to stop funding Shell if it proceeds with Jackdaw gas field
2022-06-03 00:00:00
|
The Ferret
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted