BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans

Most commercial banks are blind to the risks associated with financing companies in the plastic supply chain, in particular the detrimental impact of plastic on climate, nature, human health and communities. As a result, very few banks have policies in place to effectively deal with these risks, let alone exclude finance for the plastics industry altogether. This is the main conclusion from a first…

2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo

Blog

BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans

2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo

Blog

BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals

2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK Indonesia

Blog

BankTrack news BankTrack blog Partner news Partner blog

French banks haven’t turned their backs on coal

Reclaim Finance’s analysis reveals that French banks continued to finance companies that are still developing new coal mines or power plants.

2024-10-15 | Paris | Reclaim Finance

Blog

BankTrack news BankTrack blog Partner news Partner blog

How UBS finances the world’s oil and gas expansion

Partner blog

2024-10-10 | Peter Bosshard - Swiss Climate Rambles blog

Blog

BankTrack news BankTrack blog Partner news Partner blog

Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen

2024-10-09 | Sierra Club

Blog

BankTrack news BankTrack blog Partner news Partner blog

New Net-Zero Banking Alliance report shows no progress towards reaching net zero

In its latest so-called “progress” report, the NZBA leaves substantial information regarding net-zero alignment out and only focuses on target-related outputs.

BankTrack blog

2024-10-08 | Nijmegen | BankTrack

Blog

BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.

Partner blog

2024-10-07 | Reclaim Finance

Blog

BankTrack news BankTrack blog Partner news Partner blog

UN experts warn banking sector’s Equator Principles on lack of accountability

Bank initiative responds saying it “considers its obligations are met” despite clear UN concerns

2024-10-04 | Nijmegen | BankTrack

Blog

BankTrack news BankTrack blog Partner news Partner blog

Activists across the globe call on banks and investors to stop financing TotalEnergies

2024-10-02 | New York/Frankfurt/Paris | 350.org US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Liveable Arlington

All news

Take action

Tell the Finance Ministers and Heads of State of G20 Nations to protect biodiversity
As the G20 Summit approaches, we're calling on world leaders to change the rules of the game to stop the financial flows of destruction. Lend your voice below!

Israel-Hamas conflict one year on: Banks must avoid complicity in human rights violations
Read BankTrack's statement and support the call for a #CeasefireNow

Tell Citi to stop funding environmental racism
A new StandEarth report reveals links between Citi's financing and pollution in Black, Indigenous, and brown communities in Texas and Louisiana. 

Target Dodgy Deals

Ternium

Luxembourg | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

ArcelorMittal

Luxembourg | company

GEO Group

United States | company

Simandou Iron Ore Project

Guinea | project

Adani Group

India | company

Adaro Energy

Indonesia | company

CoreCivic

United States | company

All Dodgy Deals

Focus banks

Citi

United States

The lives and health of families in Texas and Louisiana are being directly impacted by Citi’s funding of nearby LNG projects, a new report from Fossil Free Citi campaign shows.

Deutsche Bank

Germany

Following actions in Frankfurt and the delivery of a petition signed by more than 58,000 individuals, Deutsche Bank confirmed in September that it is not planning to refinance coal miner Adaro's bond issuance.

Barclays

United Kingdom

A recent Global Witness report finds that Barclays earned $1.7 billion from financing JBS, a company tied to Indigenous land invasion.

ING

Netherlands

ING recently strengthened its climate commitments, further restricting finance for oil and gas, particularly pure-play companies and new LNG export terminals, although scope remains for financing oil majors. See BankTrack's reaction here.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

Banks and Pandemics

All campaigns and projects

Latest publications

    
    Banking on biodiversity collapse 2024

                    2024-10-16 00:00:00
                     |
                    
                        Forest and Finance Coalition                    
                                    
    Regulating finance for biodiversity

                    2024-10-16 00:00:00
                     |
                    
                        Forest &Finance Coalition (includes BankTrack)                    
                                    
    Banking on climate chaos 2024

                    2024-05-13 00:00:00
                     |
                    
                        BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club                    
                                    
    Actions speak louder: 2024 update on bank responses to human rights violations

                    2024-05-01 00:00:00
                     |
                    
                        BankTrack