Influencing the financing of projects can be an effective way to influence the projects. Read about experiences, strategies and campaigns.
- The example of the Norwegian Sovereign Wealth Fund shows how a fund can be set-up in order to take ethical dimensions into consideration. Its ethical guidelines exclude several companies from the fund due to environmental and military concerns. In the mining sector the fund has excluded two companies due to concerns over environmental and human rights concerns. more»
The Norwegian Pension Fund Boycotts Vedanta Resources – - Example of the use of the Norwegian Pension Fund in support of a campaign against an aluminium refinery and bauxite mining project in India. The Fund removed the project promotor, UK-based Vedanta Resources Plc, from its investment portfolio. more»
The Use of “Politically Exposed Persons” in Campaigns – - Legislation against Money Laundering requires extra due diligence from financial institutions. Politically exposed persons being involved in projects to be financed, trigger extra due diligence, which may be used in campaigns as explains the following text. more»
Use of World Bank Groups Complaints Mechanisms and its Limits, or the Various Ways to Access Information – - In campaigning, (environmental) information often proves extremely important to support one’s case. The following example of the Karachaganak Oil and Gas Field gives an example of the possible use of the World Bank Groups internal complaints mechanism and its limits. It shows as well how the Aarhus Convention on Access to Information may help to obtain information. more»
Banktrack’s "Dodgy Deals" – a Pre-emptive Tool to Private Banks Financing Destructive Projects – - "Dodgy deals" collect contagious projects that are up for financing and list them on a website. This can help bankers, asked to finance a given project, to verify whether there are severe problems and whether to expect protest and thus probably to refrain from financing. more»
Use of Regional Human Rights System – - Standards of International Financial Institutions have their limits. Using legal approaches might therefore be an option to challenge governments or companies on for example concessions for the exploitation of resources. Indigenous peoples who often live in resource rich areas have been granted international rights which might be at the base of a case to Regional Human Rights Courts. more»
Use of the OECD Guidelines for Multinational Enterprises' Complaint Procedure – - The OECD guidelines for multinational enterprises embody what OECD governments have agreed are the basic components of responsible corporate conduct. They cover a range of issues such as labour and human rights, bribery and corruption, environment and information disclosure. Although voluntary they have a provision for complaints, with which NGOs have made some experiences. more»
