News & Updates
98 civil society organizations call upon all banks globally to produce and publish a transition plan to stop and reverse the biodiversity crisis
On the first anniversary of the adoption of the Kunming Montreal Global Biodiversity Framework GBF 101 civil society organizations call upon all banks to produce and publish a transition plan that is aligned with the goals and targets of the GBF and the Paris Agreement by October 2024
Briefing Paper #8: Iconic, Transboundary Ecosystems
No Go area 8 Iconic Transboundary Ecosystems explains why it is critical for banks and financiers to prohibit direct and indirect financing to harmful activities which negatively impact iconic transboundary ecosystems As transboundary ecosystems span across different jurisdictions and management the protection of iconic transboundary ecosystems demands protecting the entire ecosystem rather than just pockets or fragments For instance iconic ecosystems like the Amazon may soon collapse due to fragmentation caused by deforestation and extractive activities simultaneously occurring across Amazon countries This paper offers key takeaways for banks and financiers on how to protect iconic transboundary ecosystems and
Briefing Paper #7: Areas Where the Free, Prior & Informed Consent of Indigenous Peoples and Local Communities Have Not Been Obtained
No Go area 7 Areas where Free Prior and Informed Consent has not been obtained by Indigenous Peoples and local communities demonstrates the vital role of Indigenous Peoples and local communities play in protecting biodiversity It explains the nuances in how Free Prior Informed Consent FPIC is a unique right to Indigenous Peoples guaranteed under international law whereas FPIC can be used as a best practice in engaging local communities The paper provides useful lessons and key takeaways on how the international banking sector can establish robust Indigenous Peoples policies
Briefing Paper #6: Protected and At-Risk Marine and Coastal Ecosystems
No Go area 6 Protected or at risk marine and coastland ecosystems offers key takeaways on how the international banking sector can strengthen policies to fully protect at risk and protected marine and coastland ecosystems and respect the rights of Indigenous Peoples and local communities
Six months after the UN Biodiversity Conference, 74 civil society organizations call on financial institutions to protect biodiversity and take action in implementing the Global Biodiversity Framework
Six months since its adoption banks and financiers have yet to develop concrete plans to implement the Kunming Montreal Global Biodiversity Framework GBF
The TNFD Shows That Global Corporations Will Not Solve The Biodiversity Crisis
Today 62 civil society organizations and networks whose members include over 370 groups across 85+ countries on six continents have sent an open letter to the Taskforce on Nature related Financial Disclosures TNFD highlighting that its final draft fails to address some of its worst flaws that will facilitate greenwashing
Standard Chartered and SMBC rule out funding the East African Crude Oil Pipeline
Mounting pressure from climate and human rights activists has led numerous lenders to back out of the controversial East African Crude Oil Pipeline EACOP project This month Standard Chartered Bank and Sumitomo Mitsui Banking Corporation SMBC ruled out of financing the project adding to the list of 25 banks and 23 insurance companies that have publicly committed to not support EACOP
Key Questions To Ask Of TNFD’s Final Draft
The Forests Finance coalition published a blog with a summary of key issues regarding the Taskforce on Nature related Financial Disclosures TNFD
Justiça Ambiental (JA!), ReCommon, BankTrack and Friends of the Earth France ask financiers to rule out financing for Rovuma LNG
Justiça Ambiental JA ReCommon BankTrack and Friends of the Earth France have published a blog on the potential financiers of the Rovuma LNG project The groups contacted potential financiers and asked them to rule out financing for Rovuma LNG BNP Paribas and UniCredit are the first two banks to rule out finance
Briefing Paper #5: Free Flowing Rivers
No Go area 5 Free flowing rivers explains why it is important for banks and financiers to prohibit direct and indirect financing to harmful activities which negatively impact or alter free flowing rivers The paper offers useful lessons and key takeaways on how the international banking sector can establish strong water and exclusionary policies to protect free flowing rivers and the communities reliant on them
Briefing Paper #4: Intact primary and vulnerable secondary forests
No Go area 4 Primary and vulnerable secondary forests details how banks and financiers are driving forest degradation and deforestation by financing sectors tied to high forest risks The paper urges banks and financiers to stop financing deforestation and forest degradation by developing robust forest policies which also protect forest dwelling local and Indigenous communities
International Rivers and CECIDE release a fact sheet on the Koukoutamba Dam, which threatens the critically endangered Western chimpanzee in Moyen Bafing National Park
During COP15 International Rivers in partnership with Guinean organization CECIDE released a new fact sheet Guinea s Koukoutamba Dam A White Elephant in the Making which reveals the anticipated environmental harms from the Koukoutamba Dam under preparation in Guinea