Banks
Focus banks
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.
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.
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.
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