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Don t bank on them

  • 30/05/2004

a report published by wwf-Germany shows that some of the most renowned banking institutes of the world are financing environmental and social disasters. During the assessment, German, Dutch and Swiss banks were rated according to their environmental and social standards for investments. They were ranked as per their existing standards, implementation procedure and transparency in investment behaviour.

In total, 11 banks had to be assessed, as each had been criticised by non-governmental organisations in the 1990s for their investment in the Indonesian pulp, paper and palm oil sectors. The adverse consequences of their venture can be seen to date in the form of millions of hectares of deforested and devastated land across Indonesia.

Three banks

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