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Swedbank stops fossil loans after protests

The new report Banking on Thin Ice 3 shows that SEB, Nordea, and Danske Bank have provided over 60 billion SEK in new loans to fossil fuel companies in the last two years

After protests from thousands of Swedish bank clients, Swedbank has almost completely stopped new loans to fossil fuel companies. Meanwhile, SEB, Danske Bank, and Nordea have continued to pour over 60 billion SEK into fossil fuel companies, including to upstream companies that explore for more fossil fuel reserves. This is revealed in a new report by Fair Finance Guide Sweden and its partner Swedish…

2025-01-27 | BankTrack, ActionAid Denmark, Fair Finance Guide Sweden, Swedish Society for Nature Conservation

Blog

BankTrack news BankTrack blog Partner news Partner blog

Swedbank stops fossil loans after protests

The new report Banking on Thin Ice 3 shows that SEB, Nordea, and Danske Bank have provided over 60 billion SEK in new loans to fossil fuel companies in the last two years

2025-01-27 | BankTrack, ActionAid Denmark, Fair Finance Guide Sweden, Swedish Society for Nature Conservation

Blog

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CSDDD: France advocates indefinite postponement, to the detriment of social and environmental justice

2025-01-24 | Paris | ActionAid France, BLOOM, CCFD - Terre Solidaire, CGT, Collectif Ethique sur l’Etiquette, Les Amis de la Terre France, Notre Affaire à Tous, Oxfam France, Reclaim Finance, Sherpa

Blog

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Time to end metallurgical coal expansion

NGOs launch first Met Coal Exit List for the finance industry

2025-01-23 | Berlin | BankTrack, urgewald, Coal Action Network, Coal-free Finland, Ecodefense, Global Energy Monitor, Nordic Center for Sustainable Finance, Rainforest Action Network, Reclaim Finance, SteelWatch, The Sunrise Project

Blog

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Mozambique LNG: Financial institutions so far refrain from taking a stance on allegations of severe human rights violations associated with the project

2025-01-22 | BankTrack, urgewald, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth United States, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon

Blog

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Russia seizes €2bn from Raiffeisen Bank International

2025-01-22 | BankTrack, B4Ukraine

Blog

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The NZBA’s moment of truth

With 11 major US and Canadian banks leaving the Net Zero Banking Alliance (NZBA), it’s a pivotal moment for the initiative to finally live up to its promise - or die trying

BankTrack blog

2025-01-21 | Nijmegen | BankTrack

Blog

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“ING, don’t look away in Mexico. We have to pay for our protest with our lives.”

As a major financier, ING must take responsibility for the abuses of ArcelorMittal in Mexico

Partner blog

2025-01-15 | ING Fossielvrij

Blog

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Omnibus proposal: +160 organisations call on EU lawmakers to safeguard corporate accountability laws

Joint statement by human rights and environmental groups, trade unions, and activists

2025-01-14 | BankTrack, European Coalition for Corporate Justice (ECCJ), FIDH, Friends of the Earth Europe, Human Rights Watch, OECD Watch

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Banks were largest “corporate enablers” of Russia’s war in Ukraine in 2023, new research finds

Austria’s Raiffeisen Bank International, Italy’s UniCredit, and Hungary’s OTP among top ten tax contributors in Russia

2025-01-13 | BankTrack, B4Ukraine, KSE Institute, Squeezing Putin

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Spotlight

Send a letter to ING: Stop financing steel giant ArcelorMittal 
The steel and mining giant ArcelorMittal is impacting communities with it's pollution, loss of water and corruption in Mexico. Anyone who speaks out runs great risk. Call on ING to stop financing ArcelorMittal.…

BNP: Stop bankrolling illegal Israeli settlements!
Take action with Eko

New: End Coal Finance website
To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.

Target Dodgy Deals

Ternium

Luxembourg | company

Simandou Iron Ore Project

Guinea | project

ArcelorMittal

Luxembourg | company

Mozambique LNG

Mozambique | project

All Dodgy Deals

Focus banks

State Bank of India

India

State Bank of India was identified as a potential financier of 17 announced new coal power projects exposed on the endcoalfinance.org website; more than any other bank.

ING

Netherlands

In January, campaigners called on ING to take responsibility for the abuses of ArcelorMittal in Mexico. In November, Milieudefensie announced it will continue with its climate case against ING.

Mitsubishi UFJ Financial Group (MUFG)

Japan

In Dec 2024, took on the lead role in seeking finance for Papua LNG, a project with considerable climate and financial risks, following Crédit Agricole's withdrawal.

Raiffeisen Bank International

Austria

In January, a Russian court seized €2bn from the bank. In December, our briefing showed Raiffeisen is still providing lifelines to the Russian war economy.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

All campaigns and projects

Latest publications

    
    Burning the Bridge

                    2024-12-11 00:00:00
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                        BankTrack, B4Ukraine                    
                                    
    The BankTrack Global Human Rights Benchmark 2024

                    2024-11-27 00:00:00
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                        BankTrack                    
                                    
    Banking on biodiversity collapse 2024

                    2024-10-16 00:00:00
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                        Forest and Finance Coalition                    
                                    
    Banking on climate chaos 2024

                    2024-05-13 00:00:00
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                        BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club