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
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
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
Home › News
RBS sustainability report shows deliberate manipulation of truth by the state-owned bank
Start
Banks

By: Friends of the Earth Scotland
2013-04-16
Edinburgh

Contact:

For media enquiries, please contact: Per Fischer, Press Office, Friends of the Earth Scotland
 t: 0131 243 2719


Share this page:

Go to:
Start
Related Banks

Commenting on an RBS sustainability report published last week (10th April 2013), Paul Daly, Corporate Accountability Campaigner, Friends of the Earth Scotland, said:

"One third of RBS energy lending still goes to climate-trashing projects. The report looks solely at project funding, which excludes loans to companies involved in tar sands, or corporations who get coal by blasting the tops off of mountains; decimating landscapes and releasing toxins that poison water and reportedly impact on human health.

"RBS claims this report moves towards better transparency. To achieve this RBS need to start accounting for their investment in climate trashing corporations as well as projects. Sir Philip Hampton recently reported to the Guardian that RBS has not funded tar sand projects in over four years - however today's report declares they still fund corporations who undertake these operations. This is a not lack of transparency, this is deliberate manipulation of fact.

"The problem with RBS's funding is that it still puts profit before people and planet - this is the mindset which historically got the bank into trouble. For RBS good investment doesn't equate with good environmental practice - that is not what we need from our state-owned bank.

Yann Louvel, Climate and Energy Campaign Coordinator for the BankTrack network, adds : "RBS' new policy on power generation is very deceptive and falls far behind international best practices. Other international banks have adopted more stringent standards than RBS, which has still a long way to go to become, as CEO Stephen Hester has put it, 'a really good bank'".

Paul Daly concludes : "We call on RBS to dump its toxic debtors - sending out a strong message to the world that we are committed to renewable energy, not scraping the bottom of the fossil fuel barrel regardless of environmental or human cost."

 

ENDS

Go to:
Start
Related Banks

Related banks

NatWest Group United Kingdom

active
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