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My Money. Clear Consience? Stop investments in human rights violations
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ING has financed the BTC pipeline and the Trans Thai-Malaysia pipeline. The first amount is unknown, the second is worth US$ 19.55 million. ING is also on the shortlist of banks that could become ‘lead arranger’ for the financing of the Sakhalin II gas project in Russia. These projects have been criticised because of the support for undemocratic regimes, the fuelling of regional conflicts, the violation of human rights, and environmental damage.
Support for dictatorships
Violations of workers’ rights
Human rights abuses related to infrastructure projects
Towards a watertight human rights policy
Netwerk Vlaanderen asks that the bank groups investigate and put an end to their investments in companies that are accused of serious breaches of human rights.
The complete report goes into much more detail regarding these challenges for the bank world, and gives a number of concrete steps that can be taken to achieve a more watertight human rights policy.
End press release