Human rights and research at BankTrack, comms at Save Our Bank. I'm a migrant from England living in the Netherlands. He/him.
So if I understand it right - people entering the UK "illegally" will now be denied asylum under the new Bill. But there are no practical routes for asylum seekers to enter the UK legally. So we've just made it illegal to seek asylum.
How is that remotely excusable?
Adani is using stocks in Adani Green and Adani Ports as collateral for a credit line for the Carmichael coal mine.
A powerful example of a failure of ring-fencing, and a good argument for avoiding financing "green" parts of terrible companies.
See the research note from the Anthropocene Fixed Income Institute (not sure if they are on Mastadon!)
https://anthropocenefii.org/afii-carmichael#8ade6073-183f-49fe-af4e-95232332d949
Shocking heavy-handed police tactics here in the Netherlands. Activists were taken from their homes at 7am, in some cases arrested in front of their kids, all because of their involvement in a peaceful blockade against fossil fuel subsidies planned in The Hague on Saturday.
More reason to join the solidarity demonstration!
🗞️ We have a new blog up on the Business & Human Rights Resource Centre on why the results of our bank benchmark show that European due diligence legislation must cover financial services.
Written by my colleague Giulia Barbos and published as part of BHRRC's "Towards Mandatory Human Rights Due Diligence" blog series #CSDDD #BizHumanRights
@NadiaBernaz I have pretty mixed feelings about it. On the one hand, Twitter clearly now opperates on Musk's whims, and I don't really want to be a part of that. And perhaps if enough people get themselves suspended for trivial reasons, that could be an effective protest?
On the other, although I was never massively into Twitter, I have just lost an audience of a few hundred people that I'd build up over many years, including some valued contacts.
So, I got suspended on Twitter today, after these three tweets.
It took Twitter about 20 minutes after I posted - quite efficient work from Twitter HQ!
I tweeted this in a spirit of exploration and amazement rather than anything else, and obviously getting banned was a predictable consequence in hindsight. But I don't think that posting a link to a flight tracker website constitutes doxxing, or anything of the kind.
As #COP15 kicks off, here's a useful explainer on the Taskforce on Nature-related Financial Disclosures - #TNFD - and why it's a long way from being up to the task of addressing the crisis of Nature.
The TNDF fails to put communities and Indigenous peoples affected by nature loss in the driving seat, and only treats damage to nature as a problem when it affects business profitability. A pretty big fail for an initiative backed by the likes of the UNDP and WWF.
@NadiaBernaz Super happy to be doing it! We are on the way, from Nijmegen and the Hague respectively 😀
Fifa is running a #SaveThePlanet campaign during a World Cup for which it chose QatarEnergy as Official Partner. 🤡
BankTrack's study on the emissions behind QatarEnergy's expansion plans, and the banks supporting them, is in the Guardian today:
EU CSDDD negotiations turning into a vvvveeerrrryyyy slow-mo car crash.
Call me a cynic but it's almost like the status quo of corporate impunity suits European governments well enough?
https://euobserver.com/opinion/156491
"GFANZ does not seem up to the task at hand".
Michael Northrup calls for a high-ambition group of financiers to go beyond GFANZ and "break trail for others" on climate.
https://www.environmental-finance.com/content/analysis/leadership-does-not-equal-gfanz.html
"What is the purpose of a net-zero alliance when members are allowed to continue investing in fossil fuel expansion?"
Energy Monitor nails it on GFANZ.
Today we release the new BankTrack Global Human Rights Benchmark 2022, assessing 50 large commercial banks on their implementation of the #UNGPs.
We find no commercial banks fully meeting the Guiding Principles - a minimum requirement for business. And more than 3/4 of banks score less than half marks.
All banks covered need to raise their game to respect human rights, and the slow pace of voluntary action shows the need for strong #mHREDD legislation.
France and Italy are calling for the entire finance sector to be excluded from the EU #CSDDD due diligence law.
Nobody seems to have explained why the finance sector warrants this special treatment, let alone how this is in the best interests of rights-holders.
https://www.reuters.com/business/finance-should-be-excluded-sustainability-law-says-some-eu-states-2022-11-10/