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Open letter to investors Monterrico Metals |
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Thursday, 27 July 2006 |
 Netwerk Vlaanderen wrote in cooperation with Catapa an open letter to the investors in the British mining company Monterrico Metals. The British mining company Monterrico Metals owns the Rio Blanco copper/molybdenum deposit, located in Northern Peru. Rio Blanco will become Peru's second largest copper mine. The project threatens farmers and biodiversity. Here you can read the letter we wrote to express our concerns. The letter was signed by more than twenty organisations, mainly from Peru. |
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No party time for Burmese democrats |
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Wednesday, 21 June 2006 |
 On the 19th of june 2006, the Burmese Nobel Prize winner San Suu Kyi celebrated her 61st birthday. Her party, the National League for democracy, asks the Belgian banks not to invest in companies with important activities in Burma. The leader of the Burmese democrats calls for an economic boycot of her country and states that foreign investments offer financial and moral support to the military dictators. The City of Brussels, which has recently become ‘Municipality for Burma’, also objects to investments in companies with activities in Burma. The financial groups AXA, Dexia, KBC, Fortis and ING are not willing to give up these investments. Reason for Netwerk Vlaanderen, a Belgian ngo promoting sustainable investments, to pay them a visit. > watch the video in English/Dutch. |
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Reckless Times cancels Sustainable Banking Awards gala |
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Monday, 12 June 2006 |
 The Reckless Times, the world’s leading irresponsible business newspaper, has announced that it will cancel its ‘Sustainable Banking Award Gala’, planned for this Monday evening at the Royal Institute of British Archivists. This decision was made after a coalition of 3988 financial institutions last night launched ‘the Financial Treaty of Utrecht’, a set of commitments brokered in secret by a working group of banks representatives, environmental NGOs, human rights activists, indigenous peoples leaders and Southern Heads of State. The Treaty promises far reaching changes in the way the financial sector will operate from now on, way beyond any example that may have been set by the Award winners. |
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KBC throws eleven cluster bomb producers out of it’s portfolio |
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Wednesday, 03 May 2006 |
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Recently KBC bank revealed that eleven more weapon producers have been added to their 'black-list' of companies. KBC has stated that it will no longer invest in these eleven companies, who are all involved in the production of cluster munitions. This decision has been taken in the context of a stricter policy of the bank group in relation to the arms trade. Netwerk Vlaanderen, Vrede, Forum voor Vredesactie and For Mother Earth warmly welcome this decision. KBC has shown that it is taking the implementation of its weapon policy seriously. |
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Integrating Human Rights in Investment Decisions |
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Thursday, 27 April 2006 |
 A Roundtabel with experts in Human Rights and Socially Responsable Investments
As fundamental as human rights respect is, some people keep on making money at the expense of others’ rights. We can all do something about it. Professional investors, SRI researchers, asset managers, academics and human rights organizations will share their ideas and experiences on investments and human rights issues as well as the integration of human rights in investment decisions. A case study dealing with dictatorial regimes will show how a policy on human rights can be applied. We will also discuss the obstacles, challenges and possibilities met by financial institutions and companies concerning SRI. (Café de Fiennes, Brussels, Belgium, Thursday 18 May 2006, 13.30 – 18.00h). |
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UK’s largest ethical bank won’t touch World Bank private sector bonds |
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Friday, 21 April 2006 |
 Leading development and environment NGOs, including Christian Aid and Friends of the Earth, have today welcomed the commitment by The Co- operative Bank to hold no investments in the World Bank’s private sector arm, the International Finance Corporation (IFC). |
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