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EM investor group preps 'enhanced' ESG bond principles amid greenwashing concerns

EM investor group preps 'enhanced' ESG bond principles amid greenwashing concerns
globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.

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BNP Paribas, CS and ING to cut Amazon oil financing

By Jon Hay
25 Jan 2021
Three of the most active banks in financing oil exports from the Ecuadorian Amazon an environmentally destructive industry with a long track record of trampling on indigenous people’s rights have agreed to cease important parts of their financial support, after pressure from NGOs and a devastating oil spill in 2020.
BNP Paribas, Credit Suisse and ING were among six European banks criticised by Amazon Watch and Stand.Earth in a report last year for providing trade finance to companies exporting oil from the region.These three banks have now all told the NGOs they will withdraw from the business. ....

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