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" href="javascript:void(0);">About Profundo ">Profile

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">Team

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">Annual reports

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">Jobs

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" href="javascript:void(0);">Projects

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Banks

Banks are essential for companies: they supply loans, help releasing shares and obligations and offer services as a financial advisor or intermediate. Banks have the choice to cooperate with certain companies - for example those who contribute to the pollution of the environment, deforesting, threats to the biodiversity, conflict about landrights, defiliation of labour laws or weapon supply - or not.

 

Profundo researches which banks are involved with the financing of companies who cause harm to humans and/or the environment and what they do to avoid involvement. Profundo tries to help NGO's to make them understand the role of companies and their possible role through advise and workshops.  Profundo also thinks along about possible governmental sustainability policies for the banking sector. 

projects

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Dutch bank investments in renewable electricity generation
This project is a follow up for the Fair Bank Guide's research concerning sustainable electricity. The investments of eleven big banks in sustainable electricity generation have been compared with their total of investments in the electricity sector.

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Don’t Bank on the Bomb
This report identifies more than 300 banks, pension funds, insurance companies and asset managers in 30 countries with substantial investments in nuclear arms producers. The study, for which Profundo did the financial research, provides details of financial transactions with 20 companies that are heavily involved in the manufacture, maintenance and modernization of US, British, French and Indian nuclear forces.
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Dutch banks and foreign land acquisitions
Nearly all Dutch banks invest in companies that acquire land outside the EU and operate in high risk sectors such as agriculture, forestry and biofuels. Land acquisitions often cause the local community to be deprived of its land and resources. This research project for the Dutch Fair Bank Guide concludes that most banks do not enough to prevent this. Their policies must give more specific attention to possible human rights violations in connection to land acquisitions, by demanding from companies to apply the principle of Free, Prior and Informed Consent (FPIC).

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Bankrolling Climate Change
This study examines commercial banks' lending for the coal industry and provides the first comprehensive climate ranking for financial institutions. The portfolios of 93 of the world's leading banks were examined to look into their support for 31 major coal-mining companies (representing 44% of global coal production) and 40 producers of coal-fired electricity (which together own over 50% of global coal-fired generation capacity). The total value of coal financing provided by these banks since 2005 (the year the Kyoto Protocol came into force) amounts to 232 billion Euro.
The study identifies the top twenty "climate killers" in the banking world. Among the top twenty are banks from the United States, the United Kingdom, Germany, France, Switzerland, China, Italy and Japan. The top three banks fuelling climate change worldwide are JP Morgan Chase (EUR 16,5 bln), Citi (EUR 13,7 bln) and Bank of America (EUR 12,6 bln).
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Greenpeace finance training
Training of Greenpeace-campaigners on the financing of companies and projects in sectors with a large sustainability impact.

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The Outside Job - Turning the Equator Principles towards people and planet
This report is a call upon the Equator Principles Associaton to implement the recommendations of the Strategic Review and to work on, for example, their transparency and accountability.
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Fair Bank Guide, 11th update
The 10th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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Dutch Fair Bank Guide - Transparency in Practice
This study for the Dutch Fair Bank Guide assesses the transparency of the main 11 banking groups in the Netherlands, regarding the investements in companies and governments by their banking and asset management subsidiaries.

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The involvement of Deutsche Bank in the Tampakan Copper-Gold project
This report provides an overview of the financial involvement of Deutsche Bank in the Tampakan Copper-Gold project located in the Philippines. Deutsche Bank provides finance to its two controlling shareholders: Xstrata and Indophil Resources

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German financial groups financing producers of cluster munitions - update

This report is an update of the report "German banks and cluster munitions" dated May 2011.

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Global and European investments in coal
Presentation held at the Chatham House Coal Finance Meeting, London, England

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The activities of HSBC in the Netherlands
This report describes the activities of banking and financial services organisation HSBC in the Netherlands.

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The financing of Sakhalin Energy
This research concerns an investment analysis of the second phase of the Sakhalin II oil and gas project in Sakhalin Island, Russia.

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Financing of coal mining and electricity companies
This report provides an overview of the 45 most important financiers of eleven coal mining and electricity companies. Several of these financiers have signed sustainability policies.

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German banks involved in the export of tanks to Saudi Arabia
This report shows that German banks are involved in the financing of companies that were exporting Leopard 2 tanks to Saudi Arabia which is prohibited by German export regulations. The main financier is Deutsche Bank, other inportant players are UniCredit, DZ Bank, Allianz and Commerzbank.
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European relations of Grupo Mexico

After a mining accident at one of the company's Mexican mines in February 2006, FNV Mondiaal is concerned with the human rights situation around the mines of Minera Mexico. As this is a subsidiary of the conglomerate Grupo Mexico, FNV Mondiaal wants to address European, and specifically Dutch, investors and clients of Grupo Mexico to put pressure on the company.

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The involvement of Swiss banks in the financing of companies violating human rights
This report shows how Swiss banks -UBS and Credit Suisse- have, since November 2009, been involved in financing companies that violate human rights, either by the way these companies operate their business or by producing controversial weapons.
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The financing of oil and gas concessions in the Mediterranean Sea
Oil majors and newly established companies operate and explore in tens of concessions across the Mediterranean, including in deep water. In this report the financing of some of the offshore oil and gas concessions in the Mediterranean Sea has been analysed.

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Dutch Banks and Animal Welfare
This report focuses on the loans that the financial institutions -that were screened for the Fair Bank Guide-provided, as well as the investments they made, in the pig breeding industry. It appears that six out of these eleven institutions are involved in pig breeding companies that work with restricted housing methods.

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Fair Bank Guide, 10th update
The 10th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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Enhancing financiers' accountability for the social and environmental impacts of biofuels
In this report 20 case studies are used to analyse trends in investments and financing concerning the production of biofuel and feedstock used for biofuel in Asia, Africa and Latin America.
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Worldwide investments in Cluster Munitions: a shared responsibility
Report about 166 financial institutions, worldwide, that still invest in cluster munition producers in spite of international regulations that prohibit such investments. In the European Union 26 financial institutions have an interest in or invest in producers of cluster munition.
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The financing of logging and agriculture in the DRC

This research project outlines the financial flows into the Democratic Republic of the Congo (DRC), with a particular focus on the conversion of forest areas. The activities and financing of the largest forestry and agriculture companies were researched. In addition, foreign public investment flows of donor countries and multilateral institutions in the areas of forestry and agriculture were identified.

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Biofuel investments in sixteen countries

This research provides an overview of biofuel (ethanol and biodiesel) investments in sixteen countries: Argentina, Brazil, Cambodia, Colombia, Costa Rica, El Salvador, Guatemala, India, Malaysia, Nicaragua, Paraguay, Philippines, Singapore, Thailand, Trinidad and Tobago and Vietnam. Different feedstock, like sugarcane, palm oil, soy and jatropha, were researched. A distinction was made between companies which only engage in the processing of feedstock and vertically integrated companies with both estates and biofuel production facilities.

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German financial groups financing producers of cluster munitions - update
An update of an earlier study on the investments of the German financial groups Allianz, DekaBank, Deutsche Bank en Unicredit/HVB in producers of cluster munitions.
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Spanish banks financing producers of controversial weapons

This report provides an insight in the financial relationships between Spanish banking groups and producers of controversial weapons since January 2006. 80 banking groups headquartered in Spain were investigated. The research focused on 31 major companies that are known to be involved in production and maintenance of controversial weapons.The result: 14 Spanish banking groups have been involved in the financing of in total 20 producers of controversial weapons since 2006. One of the companies financed is the Spanish company Instalaza, which supplied the cluster munitions with which the Kadaffi regime attacked rebels and civilians in Misrata in April 2011.

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Fair Bank Guide, 9th update
The 9th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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Sustainability criteria in Financial Regulation
In 2011, the EU will discuss legislation to implement the revised Basel Capital Accord which should improve banks' resilience to financial crises. This report calls upon the EU to complement its proposals for a new capital requirements legislation with provisions that ensure banks integrate sustainability criteria in their lending, financing and investment decision making processes.
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Mapping Global investment in Coal
An analysis of the global coal sector, providing context and data to enable design of informed strategies and actions aimed at redirecting flows of global investment away from coal and into clean, alternative energy sources. This research was presented at the Taking on Coal/Following the Money conference in Washington in January 2011.

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Close the Gap - scoring of new Hungarian banks

In April 2010 BankTrack published Close the Gap, a benchmark study evaluating the credit policies of 49 large, internationally operating banks against international best available standards for responsible investment. The study evaluated the contents of the banks' policies on 9 critical issues and 7 important sectors, as well as on transparency and accountability.

For a Hungarian organisation for sustainable development and BankTrack Profundo has now evaluated 6 Hungarian banks. The scores of these banks are also published on the BankTrack website.

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Dutch Banks and Human Rights
This research focuses on the investments of nine Dutch banks in three companies in the extraction industry (Barrick Gold, Shell and Vedanta Resources), which have been involved in the violation of human rights over the past couple of years.
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Fair Bank Guide, 8th update
The 8th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors. Since the 27th of January 2011 asset management has been included in the Fair Bank Guide.
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The financing of the forest-related activities of the Sinar Mas Group
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German banks and cluster munitions
The report gives an overview of the involvement of 14 German banks and their subsidiaries and investment funds in the financing of producers of cluster munitions since January 2008.
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German investment funds involved in land grabbing

Profundo researched which opportunities to invest in land grabbing are offered to German private and institutional investors. Especially Deutsche Bank invested a large amount in land grabbing, in the form of specialized mutual funds and private equity.

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Seeking and providing finance
Jan Willem van Gelder developed and provided part of the BankTrack Dodgy Deals e-Training. This e-course session dealt with questions like 'How does a company or project sponsor arrange finance for a specific operation?' and was followed by a skills training end of October in the Netherlands. With the training BankTrack wants to improve the ability of its member organisations to conduct strong campaigns, aimed at stopping or modifying controversial projects and companies. Profundo also offered training sessions on decision making processes within banks and on key standards and norms developed by industry, government and civil society groups.

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Technical challenges for disinvestment campaigners
Powerpoint presentation by Jan Willem van Gelder about the challenges for disinvestment campaigners.

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Dutch banks in the garments industry: the practice

Eight out of Holland's eleven biggest banks score from moderate to bad regarding the way they monitor the fulfilment of labour standards in the garments industry. They either issue loans to, or invest in, garments producers and large fashion house chains. In the garments industry abuses are abundant and therefore this industry functions as a proper gauge for the way the banks take responsibility for the impact their investments have. The Fair Bank Guide states that banks and the companies ought to have serious agreements regarding the fulfilment of labour standards in the processing chain. Moreover, they must monitor these agreements in order to prevent themselves from investing in malpractices. Research by Profundo shows that most banks are still lacking in their behaviour.

 

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Fair Bank Guide, 7th update
The Fair Bank Guide's 7th update evaluates today's policies of the largest Dutch banks concerning ten important CSR issues and eight sectors. With regard to the previous update the policies of SNS Bank and SNS Regio bank have improved on several issues.

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Biofuel investments in forest-rich countries of Asia, Latin America and Africa

Globally investments in biofuels have increased over the past ten years. This offers opportunities for development to countries in Asia, Latin America and Africa, but also creates social and environmental risks. When more land is utilised for growing feedstocks fro biofuels, this can lead to deforestation, land right conflicts and a threat for the local food security. This research project aims to gain insights regarding biofuel investment patterns in forest-rich countries of Asia, Latin America and Africa, analyzing the major financiers in this sector and making recommendations on how to steer investments in a more sustainable direction.

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Australian banks financing coal and renewable energy
For this project Profundo assessed and compared the role of the major Australian banks in the financing of coal mining, coal fired power stations, coal export ports and renewable energy generation in the past five years. Profundo found that the Australian and New Zealand Bank (ANZ), National Australia, Commonwealth and Westpac banks granted more than six times the amount of credits to coal (mining, power stations and exporting) than to renewable energy projects.
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Financing of the Ramu Nickel joint venture
Profundo researched the financing of the controversial Ramu nickel mine, which is majority-owned by a consortium of Chinese companies. Chinese financial institutions have provided the bulk of the finance for the project, in the form of a project finance facility and participation in share-and bond issuances.
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The financing of Barrick gold by Dutch financial institutions
This report shows the involvement of Dutch financial institutions (APG, ING, Aegon and Robeco) in the financing of Barrick Gold, the large Canadian gold mining company.

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Financing of the Deepwater Horizon platform
On the 20th of April 2010 the semisubmersible platform Deep Horizon, in the Gulf of Mexico close to the USA, sank because of an explosion. Eleven platform workers died and seventeen got injured. The drill rod also broke and because of that hundreds of barrels of oil leaks into the ocean. The drill rod is very difficult to fix, so by now the oil spill means an environmental disaster. Profundo researched which companies invested in oilconcern R&B Falcon, the company that ordered the platform in 1999.

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Fair Bank Guide, 6th update

Sixth update of the Fair Bank Guide, this research shows that the bonus policies of most banks are still inadequate. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

 

 

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Training on evaluating the sustainability policies of banks
Training for the initiators of the Brazilian Fair Bank Guide.

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The financing of tar sand companies by Deutsche Bank, DekaBank and Allianz
This report aims to identify the role which the three German financial institutions Allianz, DekaBank and Deutsche Bank, play in financing the most important oil and gas companies active in exploring and exploiting tar sands (also widely known as oil sands) reserves in Canada and DR Congo.

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Bank financing of Vedanta Resources

By which banks is the British mining company Vedanta Resources financed? Profundo researched this for the past five years. Loans, share issuances and bond issuances are examined.

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Controversial weapon investments by German state-related banks, pension funds and pension schemes

The objective of this research project was to identify how the German federal and state governments - through pension funds and state-owned banks - are indirectly involved in investments in producers of cluster munitions and landmines.

For this purpose, we have researched the investment funds included in the Riester-Rente schemes of Deutsche Bank, Allianz and Cominvest; and the pension funds of VBL (German civil servants), Deutsche Telekom and Deutsche Bahn. In addition, we have researched whether Bayern LB, HSH Nordbank, LBB, LBBW, NORD/LB and WestLB have invested in or provided loans to producers of cluster munitions and landmines.

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Financial institutions involved in the Lower Mekong dam projects
The World Wildlife Fund is aiming to build sustainable dams in the Chinese Mekong-area. Therefore they want greater insight in the financial institutions thay may be interested in this project. This study identifies domestic and foreign institutions that at present have financial linkages to the companies developing mainstream dam projects in the Mekong-area and who could be involved in the WWF-project. Furthermore, the paper gives recommendations to the WWF.

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Bankers under pressure
Report about the role Belgian banks play in climate change by investing in activities that harm the environment. It is researched how climate friendly certain banks are, but there are also recommendations for the Belgian government.
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Investments in producers of cluster munition by Dutch financial institutions
This research about the investments of Dutch financial institutions in producers of cluster munition is performed by Profundo commissioned by IKV Pax Christi. The report is based on information from websites and publications of the reviewed companies and financial databases.

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Nuclearbanks.org online

The website Nuclearbanks.org shows which banks invest in nuclear energy. This website, launched in May 2010, is an initiative of BankTrack, Greenpeace International, Wise, Urgewald, Les Amis de la Terre, Antiatom Szene and Campagna per la Riforma della Banca Mondiale. The research on the financing of nuclear energy in the period 2000-2009 has been done by Profundo.

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German banks financing producers of nuclear weapons and depleted uranium weapons

Nuclear weapons and depleted uranium weapons are very controversial and are almost never associated with European countries. This research project analyzes the involvement of eight German banks in the financing of nine producers these weapons since January 2007. Five types of financing were encountered in this context, namely: managing share- and bondholdings, arranging or providing loan facilities, and underwriting share- and bond issuances.

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Reference guide: Asset management and responsible investment in the Netherlands

It is important that pension funds are provided with tools to continue their progress in the field of responsible investment. This explorative research was undertaken to find out what SRI services asset managers and service providers offer to pension funds.

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Investments in sustainable electricity generation by Dutch banks

This research emphazises on what part of the investments in electricity generation by Dutch banks are sustainable. Because this is the first measurement of this type of investment, the report is only an overview of the present situation. In two years time Profundo, commissioned by the Fair Banking Guide, will continue this research about investments in sustainable electricity generation.

 

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The financing of coal-fired power plants in the European Union
In a lot of EU-countries new coal-fired power plants are being build. Profundo researched the role of financial institutions in the financing of those plants in France, Germany, Italy, the Netherlands, Poland, Spain and the United Kingdom. 

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The financing of Shell by Dutch financial institutions

Amnesty International is concerned about the oil exploitation activities of Royal Dutch Shell in Nigeria and the consequences that these activities have on the human rights position of the local population. Profundo therefore researched which Dutch financial institutions have invested in Shell. With this information Amnesty International wants to start a dialogue with these institutions about the oilconcern.

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Public and private sector finance in the bioenergy sector

Which companies are financially involved in the bioenergy sector in Indonesia, Madagascar, China and Russia? In this report the major companies involved in feedstock growing and biofuel production in the country concerned are identified. For each of these companies an assessment is made of their financial stakeholders.

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The financing of Stora Enso

The objective of this report is to analyze the financial stakeholders of the Finish-Swedish paper and pulp producer Stora Enso. Significant shareholders and bondholders and all private and public banks which have been involved in loans to and stock issuances by Stora Enso in the past three years, have been identified.

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Close the Gap: Benchmarking investment policies of international banks
Close the Gap is an extensive research project on the quality of lending and investment policies of major international banks. The aim of the project was to evaluate to what extent banks have incorporated sustainability criteria into their lending and investment policies. Seven key business sectors and nine sustainability issues were taken into account. In addition, the project reviews the performance of banks on transparency and accountability. The policies of 49 banks from 17 countries are scored on a scale from 0 to 5, using a benchmark developed by BankTrack in cooperation with Profundo. The results are available on the website of BankTrack as well as in the report.
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The financing of Archipelago Resources
The small Australian mining company Archipelago Resources is established in April 2002. The objective of this report is to focus on financing deals by the company in the past 1.5 years. There's also attention for the shareholders of the organization.

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Submission to the Basel Committee

In this submission of BankTrack, a network of environmental and human rights organisations, to the Basil Committee of Banking Supervision about its vision on the financial system. There's also a proposition about its view on necessary reforms in financial regulation.

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Worldwide investments in cluster munitions: Update 2010
An update of the October 2009 research paper about the financial institutions who finance producers of cluster munitions, made by social organisations IKV Pax Christi and Netwerk Vlaanderen. Profundo contributed to this research and also to the update.
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Fair Bank Guide, 5th update

Fifth update of the Fair Banking Guide. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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Financing Chinese investments in Central and Eastern Africa
The aim of this report is to present an overview of the financing of Chinese investments by China Eximbank and other Chinese financial institutions in the following countries in Central and Eastern Africa

The report focuses on the sectors forestry, infrastructure, oil and gas, minerals, agriculture and fisheries. Based on the research objective, the report provides an assessment of Chinese investments in the focal sectors and countries and the companies which are executing the projects.

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French investments in forest-sensitive sectors in the Congo Basin

What role are French banks and institutional investors playing in companies operating in forest-sensitive sectors in the Congo Basin? Profundo investigated this in the fourty most important companies in this area for the sectors forestry, plantations, infrastructure, mining and oil and gas. The Congo Basin includes the Republic of Congo, Democratic Republic of Congo, Cameroon, Gabon, Central African Republic and Equatorial Guinea.

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The financing of tar sands companies by UBS and Credit Suisse

This report aims to identify the role which the two Swiss banks, Credit Suisse and UBS, play in financing the 26 most important oil and gas companies active in exploring and exploiting tar sands reserves in Canada. Tar sands are a source of oil, but extraction creates severe damage to the landscape, strong water pollution and 1.5 times as many greenhouse gas emissions.

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Financing of Angra III
Paper about the financing of the third nuclear reactor in Brazil, Angra III. There isn't any interest outside of Brazil for the financing of this project. Therefore, executing company Eletronuclear and their corporate parent Eletrobras are providing for the major part of the funding. The Brazilian National Development Bank (BNDES) is also providing a part.
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Swiss banks and human rights

Companies can be involved in human right violations in various ways. The human rights of their employees and surrounding communities can be affected by the way they operate their businesses. Human rights can also be affected by the production of controversial weapons or by operating private prisons. The objective of this research project is to find and document cases of companies involved in human right violations to which Credit Suisse and/or UBS have provided significant financing during the past five years.

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Financing of Dominion Farms and other Kenyan rose growers

This short research paper looks at the financing of Dominion Farms and the other main players in the Kenyan rose growing sector and attempts to identify which parties are playing a role in financing this sector.

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Integration of Bankgeheimen.be with Banksecrets.eu

This reports provides an overview of the financing (loans, bonds issuances and stock emissions) attracted since June 2005 by the following eight companies and projects involved in human right abuses, pollution of the environment, production of controversial weapons and investments in countries with repressive regimes by the new website Banksecrets.eu. Update of the financial information presented in the report Bank Secrets of Netwerk Vlaanderen (December 2007) and the website Bankgeheimen.be.

 


Screenshot Banksecrets.eu:

 

Screenshot Banksecrets.eu

 

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New financing for Belo Monte and Andritz
Although no decision has been taken yet about which company will construct the Belo Monte dam project in Brazil, the bank Banco do Brasil has begun talks with banks and companies to arrange a loan. Profundo also found that the Brazilian bank is negotiating with some other banks and companies that may bid to build the project. In this paper there's also attention for the financial situation of technology concern Andritz.

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Fair Bank Guide, 4th update

Fourth update of the Fair Bank Guide. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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The financing of forestry activities of Medco in Papua

This paper researches the financial situation of energyconcern Medco Energi Internasional in Papua regarding their investment in wood pellets. Also the financing of businesspartner LG International is analysed.

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Dutch financial relations and commercial relations with Vedanta Resources
An overview of financial relations and commercial relations that may exist between Dutch companies & banks and mining company Vedanta Resources, especially concerning their aluminum business in India. Vedanta Resources is listed on the London stock market.

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Involvement of German banks in the Philippine mining sector

An overview of how German banks - both public and private - are involved in financing the exploration and production of mining in the Philippines during the past five years. This involvement can be either direct, through the financing of specific mining projects, or indirect, through corporate financing of foreign mining companies that are active in the Philippines.

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Worldwide investments in cluster munitions

Companies that develop or produce cluster munitions can still lend money from banks and other financial institutions. Which financial organizations contribute in this way to spreading these dangerous weapons? This publication by IKV Pax Christi and Netwerk Vlaanderen, where Profundo contributed in, presents a report on financial institutions’ investment in these companies and on legislative measures to prohibit investment in cluster munitions.

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The financing of tar sands companies by UBS and Credit Suisse

The two Swiss banks, Credit Suisse and UBS, play a relevant role in the financing of the oil companies active in exploring and exploiting tar sands in Canada, by providing loans, owning or managing a significant number of shares or by helping the companies to issue new shares or bonds.

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Fair Bank Guide, 3rd update
The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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The financing of the Sinar Mas Group

Which public and private financial institutions have provided new financing to the forest-related activities of the Indonesian Sinar Mas Group (and its subsidiaries) since the financial collapse of Asia Pulp & Paper in 2001? Shareholders, bondholders and banks. This research points out to what degree they are involved.

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Financing of oil palm plantations in Papua
Which oil palm plantation companies are operating or starting to operate in the Indonesian province Papua, and which financial institutions are financing these oil palm plantation companies that are developing more than 2 million hectares with oil palm plantations in Papua.

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Financing of coal mines and coal-fired power plants in China
Research into how foreign and Chinese banks have been involved in financing China's coal power generation and coal mining sectors since early 2004. The study especially focuses on foreign financial institutions which have undersigned the Climate Principles, the Carbon Principles and/or the Equator Principles, as these banks have made commitments on their investments in climate-intensive activities.

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The possible roles of finance within the One Planet Food Programme

The One Planet Food Programme of the UK World Wildlife Funds seeks to harness the development of the UK food economy to further and integrate WWF’s key priorities: sustainable consumption, resource conservation, and biodiversity protection. Profundo investigated the role that can be played by the UK financial sector in supporting the WWF’s goals of the One Planet Food Programme.

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Financing of oil companies in Burma

This research project tries to identify which financial institutions are involved in financing the companies undertaking two major oil and gas projects in Burma: Block M and the Shwe Reserve (including the Arakan-Yunnan Pipeline).

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Fair Bank Guide, 2nd update

The Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo researched the report on which the website is based.

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Banks and weapons: in practice
The aim of this practical research is to review if the banks of the Fair Bank Guide invest in producers of controversial weapons or in companies who trade in those weapons. The review accurs according to the same criteria that are used to review the weapons policies of the banks. By doing this, the scores of policies and practice are comparable.
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European banks financing controversial companies

This report provides an overview of the financing (loans and stock emissions) attracted since June 2005 of 13 banks to 16 companies and projects, which are all involved in human right abuses, pollution of the environment, production of controversial weapons and investments in countries with repressive regimes. Update of the financial information presented in the report Bank Secrets of Netwerk Vlaanderen (december 2007) and the website Bankgeheimen.be.

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German banks in the oil palm sector

 German banks could be involved by providing a.o. loans and other credits, investment banking services, investments in shares and bonds, in financing four oil palm plantation groups. However, no evidence was found that German banks did play a role in the past seven years in the financing of the Musim Mas Group and the Wilmar Group. German banks did play a role in the past seven years in the financing of the oil palm activities of the Salim Group and the Sinar Mas Group, but their role was fairly small.

 

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Financing of bioenergy by the EIB and European ECAs
This report aims to provide an overview of the involvement of the European Investment Bank (EIB) and European export credit agencies (ECAs) in the financing of bioenergy projects worldwide. These financing activities are put in perspective by comparing them with total financial flows in the bioenergy sector worldwide. Also an initial assessment is made whether the projects financed by the EIB and European ECAs meet the sustainability criteria for bioenergy set by the European Union.
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Foreclosing the Future - Coal, Climate and International Public Finance
What are the 50 biggest coal power plants which are recently or imminently to be built anywhere on earth and which are financed (partially) by public money? Also, which public bodies were involved in financing these 50 plants is being researched. Public money is defined as loans, grants, subsidies, insurances and guarantees from foreign governments and governmental bodies, including multilateral development banks, foreign development banks and export credit agencies.
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Fair Bank Guide, 1st update
Research report for OxfamNovib, Amnesty International, FoE Netherlands and FNV Mondiaal. This project aims to improve the level of SRI by Dutch Banks.

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German and multilateral financial institutions in the bioenergy sector
Report about the way in which German banks and multilateral financial institutions with German involvement invest in the bioenergy sector and select their clients.
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The financing of the oil palm and pulp & paper activities of the Sinar Mas Group

Public and private financial institutions, like shareholders, bondholders and banks, are presently (during the past three years) involved in financing the oil palm and pulp & paper activities of the Indonesian Sinar Mas Group. This report points out the degree of their involvement in Sinar Mas' subsidiaries.

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Bank financing of companies involved in human rights violations - Update

This report provides an update of the financial information presented in the report Bank Secrets of Netwerk Vlaandenren (December 2007) and the website Bankgeheimen.be. The reports provides an overview of all new forms of financing (loans and stock emissions) attracted since March 2008 by 15 companies involved in human right abuses.

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Financing of the KMW coal-fired power plant
The German company Kraftwerke Mainz-Wiesbaden (KMW) started in 2005 with the planning of a new coal-fired electricity plant of 800 MW at its site in Ingelheimer Aue. Total investment is estimated at about 1.2 billion euros. This research brief looks into the question whether it is probable that the plant ever be built.
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Fair Bank Guide
The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo researched the report on which the website is based.

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The role of UK companies in driving soy expansion in South America
Research into the role of UK companies in driving soy expansion in South America.
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HSBC and the Palm Oil Sector in South East Asia

Research into the role of the British bank HSBC in the financing of the palm oil sector in South East Asia.

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Financing of fossil fuels and renewable energy by Canadian banks

Comparative quantative research of the greenhouse gas emissions caused by the financing of oil-, gas- and coal producers by the top five Canadian bank groups (Royal Bank of Canada, Scotiabank, TD Bank, BMO and CIBC) and by two smaller banks (Desjardins Bank and Vancity Group/Citizens Bank). Their investmentsments in fossil fuels are also compared to their investments in renewable energy.

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Toolkit Climate Policy for Banks
A practical toolkit for banks in which all elements of an effective climate policy are discussed, including practical examples.
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Voting policy Dutch banks and pension funds on climate change resolutions
Study on the voting policy of Dutch banks and pension funds on resolutions demanding a stronger climate change policy from companies.

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FSC and financial institutions

FSC Netherlands together with Profundo talks with financial institutions (banks, insurers and pension funds) about their possibilities to support the FSC-inititative.

 

In May 2007 ING netherlands and pension fund PME decided to use only FSC-paper. Besides that PME uses FSC as a criteria for its investments in woods. Last November the Dutch governmental pensionfund ABP also decided to shift to FSC-paper totally from 2009 onwards.

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Handbook for bankers in the oil palm plantation sector
A detailed handbook for banks active in the palm oil industry, to prevent further financing of non-sustainable plantations which do not meet the RSPO-criteria.
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A social direction for the financial sector

A major cause of the present financial crisis is the insufficient analysis of banking risks. Due to this lacking analysis the banks are not properly aware of the activities of their (foreign) clients. This causes social damage and it also put the banks in a bad position. The financial authorities do not adequately tell the banks to act in a responsible way. In fact their behaviour on foreign markets is self-regulated.

In order to improve controlling risks, and to regain confidence, the banks should know their clients better, so they can help them with (economical and social) challenges they face. This report provides 3 ways inwhich the Dutch government can stimulate this.

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New trends in the financing of dams

Research to illustrate global as well as regional trends in dams financing. The report analyzes the financial instruments and actors that have been most prominent in financial arrangements for recently concluded deals, as well as those assuming a prominent role in ongoing negotiations.

The report has analyzed the financing of 21 projects in Latin America, Asia and Africa, as well as of three large companies active in those continents.

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Financing of the companies involved in the HidroAysén project
This report aims to identify the financial stakeholders of the companies involved in the development of the HidroAysén project, a 2,355 MW hydroelectric project in the region Aysén in Patagonia (Chile).

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Financing of Dominion Petroleum and Heritage Oil

Research on the findings on the financial stakeholders of the companies Dominion Petroleum (United Kingdom) and Heritage Oil (Canada). These two small oil and gas companies are active in exploring in a key conservation area in Tanzania.

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The financing of companies violating human rights
Research into the financing of companies involved in human rights violations by a number of banks active in Belgium.
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Deutsche Bank: Ein fragwürdiges Markenzeichen
Research about the investments of the Deutsche Bank whom are involved in a violation of human rights.
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European financing of agrofuel production in Latin America

Research into the involvement of European banks in the financing of the production of biofuels and the commodities which are used for them (soy, palm oil, sugar) in Latin America.

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The financing of Vedanta Resources

Research into the financing of the Indian mining company Vedanta Resources, that is active in India, Australia and Zambia in the mining of bauxite, copper, zinc and lead.

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The financing of Anglo Platinum
Research into the involvement of European financial institutions in the financing of the South African platinum mining company Anglo Platinum.

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Financing the Pulp & Paper Sector in Indonesia: Lessons learned?

Presentation during the Indonesian Pulp & Paper Roundtable in New York.

 

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The financing of the National Hydroelectric Power Corporation (NHPC)
A study on the financing of the Indian company National Hydro-electric Power Company (NHPC).
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Mined U - Financing of new uranium mines
Study on the involvement of more than 80 international financial institutions in the financing of 14 uranium mining companies, together accounting for more than 90% of the world's uranium production.
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Financial institutions related to UES and HydroOGK
Research into the financing of the Russian electricity companies UES and HydroOGK.

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Trends in the financing of four sensitive sectors
Strategic analysis of the financing trends in four sensitive sectors: mining, dams, oil and gas and the weapons industry.

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German financial institutions and mining in Africa, South East Asia and Latin America

Aanalysis of the role played by German financial institutions in the financing of the mining sector in Africa, South East Asia and Latin America.

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Private financial institutions in the fisheries sector

Analysis of the involvement of private financial institutions in the global fisheries sector.

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The financing of Canadian oil sands exploration and production
Research into the financing of oil companies active in exploration and production of Canadian oil sands.

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Mind the Gap - Benchmarking credit policies of international banks
A benchmark of the credit policies of the 45 largest international banks in the world, with regard to 7 sensitive sectors - agriculture, weapons, forestry, fishery, oil & gas, mining and dams - and 7 crucial issues - biodiversity, climate change, toxics, labour, human rights, rights of indigenous people, and taxes. The policies were compared with existing international regulations and standards: international agreements and conventions, guidelines framed in multi-stakeholder initiatives, etcetera.
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German financial institutions and oil & gas in Africa and the former Soviet Union
Study on the involvement of German financial institutions in the financing of oil- and gas companies in Africa and the Former Soviet Union.

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The financing of the Kashagan project
Study on the financing of the Kashagan oil production project in the Caspian Sea.
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Financing of Koryakgeoldobycha
Research into the financing of the Russian mining company Koryakgeoldobycha.

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Financiers and buyers of Paladin Resources
Study on the possible buyers and financiers of the African uranium mines of the Australian mining company Paladin Resources (now: Paladin Energy).

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The financing of companies violating human rights
Study on the involvement of financial institutions in the financing of companies which violate human rights or labour rights, or which are doing business with oppressive regimes.
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The financing of three producers of uranium weapons
Study on the involvement of international financial institutions in the financing of three American producers of depleted uranium weapons.
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Buyers and financiers of the Wilmar Group
Study on the buyers and financiers of the Singaporean company Wilmar International, the largest palm oil trader in the world.
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Coal-fired power plants in Asia
Study on the financiers of existing and planned coal-fired power plants in Asia.

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The financing of the three Brantas PSC companies
Study on the banks which could influence the three oil companies that caused the mud stream that has been overflowing Sidoarjo on eastern Java (Indonesia) for more than a year.
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Financing of some controversial companies by Dutch banks
Quick scan on the financing of some controversial companies, weapons producers and companies seriously polluting the environment, by Dutch banks.

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Financing of military companies by Dutch financial institutions

Study on the involvement of Dutch financial institutions in the financing of ten major military companies from Europe and the United States, which are involved in supplying military equipment to countries in which human right violations take place on a large scale and countries which are involved in an armed conflict (internal or external).

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Assessing climate impacts of Dutch banks
Study on the investments by Dutch banks in producers of oil, gas and coal and in renewable energy sources.
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Controversial projects financed by Chinese banks
Study on the financing by Chinese banks of companies which are seriously polluting the environment or which are involved in violations of human rights.
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A short profile of Olam International
Study into the organization, financing and African forestry activities of the Singaporean company Olam International.

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The financing of five cluster munitions producers

Research into the financing of five cluster munitions producers.

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French bank financing of the international oil, gas and coal production sectors
Study into the investments by French banks in the production of fossil fuels.
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The do's and don'ts of Sustainable Banking
Manual on sustainable banking, developed in cooperation with the BankTrack network.
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Challenges for Rabobank's risk assessment - Presentation
Presentation at the Rabobank Global Credit Risk Conference 2006 in Utrecht, the Netherlands.

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Proposal for a Reporting body for Socially Unacceptable Transactions
Note to the Dutch government regarding socially unacceptable financing activities of Dutch banks.

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Financing of G-star
Research on the banks and institutional investors that finance the human rights-violating jeans producer G-star.

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Buyers and financiers of new Indonesian mines
Research on the possibilities to stop the development of new Indonesian gold and nickel mines in vulnerable nature reserves, by putting pressure on (potential) financiers and buyers of the mines.
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To prevent the worst to happen - Options to mobilise Dutch companies to invest in and source responsible soy
Research - in cooperation with AIDEnvironment - that describes possibilities to stimulate Dutch industries to use responsible soy.

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Challenges for BankTrack - Presentation
Presentation for BankTrack regarding the organisation's strategic positioning and potential hurdles in the future.

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Belgian banks as shareholders of 17 producers of cluster bombs
Research on the involvement of Belgian banks as shareholders in the international weapons industry (specifically producers of cluster munitions)
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Sustainable banking in practice
Research on the financing activities of the banks nominated for the Financial Times Sustainable Banking Awards.
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People, Planet, Palm Oil? - A Review of the Oil Palm and Forest Policies adopted by Dutch Banks
Research on credit policies of Dutch banks with regard to financing palm oil and forestry activities. In cooperation with AIDEnvironment.
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Belgian banks as shareholders of six producers of cluster and phosphorus bombs
Research on the involvement of Belgian banks in the financing of producers of controversial weapons.
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Belgian banks as shareholders of two mining companies
Research on the involvement of Belgian banks in financing of Newmont Mining and Monterrico Metals.

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Involvement of Credit Suisse and UBS in the global mining and oil & gas sectors
Research on the financing activities of the two largest Swiss banks in worldwide extractive industries.
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Financial institutions involved in the Heart of Borneo
Research on the involvement of global financial institutions in (illegal) logging in Indonesia.

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The financing of the Riau pulp producers Indah Kiat and RAPP
Study on the financing of several Indonesian pulp and paper producers.

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The financing of Petrobras Energía and Teikoku Oil
Study on the financing of the Brazilian company Petrobras and the Japanese company Teikoku Oil.

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Belgian banks as shareholders of companies that are involved in human rights violations
Research on the shares held by Belgian banks in companies that are involved in human rights violations.

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German bank financing for international pulp & paper companies
Study on the involvement of German banks with the international pulp and paper industry.

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EU financial institutions and illegal activities outside the EU
Proposals with respect to regulation of the European financial services sector, for the benefit of inclusion of environmental and social aspects in policies; in cooperation with AIDEnvironment.

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The role of the Dutch government in fossil fues projects of multilateral banks
Research on the role of the Dutch government with respect tot fossil fuel exploitation financed by multilateral banks.

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Banks and the international weapons industry
Study of the financial ties between banks and weapons producers

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WestLB and the Russian oil industry
Research for the WDR documentary "Die Sibirien-Connection - Eine Staatsbank macht in Öl", on the involvement of the German bank WestLB in the financing of the Russian oil industry.

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Handbook Commodities for Indonesian NGOs

Handbook developed for Indonesian NGOs, with respect to breaking the 'commodity curse'

Indonesian title: Kutukan Komoditas - Panduan bagi ORNOP Indonesia

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Financing of NHPC's Lower Subansiri and Middle Siang projects in India
Study at the financing of NHPC's Lower Subansiri and Middle Siang hydroelectric dams in India.

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The financing of Vedanta Resources
Research into the financing of the Indian mining company Vedanta Resources, that is active in India, Australia and Zambia in the mining of bauxite, copper, zinc and lead.

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Principles, Profits or just PR?
Analysis of the controversial projects in which the banks which undersigned the Equator Principles were involved in the past year, or in which they could get involved in the near future.
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Bank loans and credits to Grupo André Maggi
Study on the financing of the largest Brazilian soy producer: Gropu André Maggi.

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The financing of the Ilo smelter of Southern Peru
Study on the financing of the Ilo copper smelter of the Southern Peru Copper Corporation.

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Controversial projects (to be) financed by banks which signed the Equator Principles
Study on the activities of banks that have signed the Equator Principles, but nevertheless finance non-sustainable projects.
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The financing of the Omkareshwar dam in India
Study on the financing of the Omkareshwar dam in India.

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Cluster Bombs, Landmines, Nuclear Weapons and Depleted Uranium Weapons
A study on the financial links between Belgian banks and the producers of controversial weapon systems.
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The forest portfolio of Deutsche Bank
Investigation on the involvement of Deutsche Bank in financing of the forestry, paper and pulp industries.

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Belgian banks and the global weapons industry - follow-up
Study on the involvement of Belgian banks in the global weapons industry; a.o. financing of Forges de Zeebrugge and Israel Military Industries.

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The loan and investment portfolio of Banca Intesa
Investigation of the investment porfolio of the Italian bank Banca Intesa.

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Financing of the Atucha nuclear plants in Argentina
Investigation of the parties involved in the financing of the Atucha nuclear power plants in Argentina.

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Who is financing global forest destruction?

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The financing of forestry companies in Central Africa
Research on the parties involved in the financing of forestry companies in various countries of Central Africa.

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Belgian banks and the global weapons industry
Research on the financial involvement of Belgian bank groups in the global weapons industry.

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Equator Principles
Advisory on the sustainability criteria for project financing, the Equator Principles, which were adopted by a number of leading international banks.
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WestLB's project financing activities
Study on the project financing activities of the German bank WestLB.

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Policies and Practice in financing large dams

The objective of the study was to assess and evaluate the funding mechanisms, policies and practices of globally operating financial institutions with regard to large-scale dam projects. Twelve commercial and three development banks were selected for further research.

In this project an analysis was made of the financing structures of 23 large-scale dam projects. They are all controversial and face NGO opposition because of their social and environmental consequences.

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The financing of the Baku-Tbilisi-Ceyhan project
Research into the financing of the controversial Baku-Tbilisi-Ceyhan (BTC) oil pipeline from Azerbaijan to Turkey.
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The financing of the Camisea project
Research into the financing of the Camisea natural gas exploration project in the Peruvian Amazone.
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Collevecchio Declaration on Financial Institutions
Advising on the Collevecchio Declaration on Financial Institutions, the vision of BankTrack with regard to the financial sector.
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Finance, Environment and Sustainable Development
Presentation on Finance, Environment and Sustainable Development.
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The financing of the OCP pipeline in Ecuador
Research into the financing of the OCP oil pipeline from the Ecuadorian Amazone to the coast.
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Forest affecting activities in HSBC's portfolio
Analysis of the loan and investment portfolio of the Brittisch bank HSBC and its effects on global forests.

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The financing of IHC Caland
Research into the financing by banks and government subsidies of offshore company IHC Caland.

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Paper Tiger, Hidden Dragons 2: APRIL Fools
Research into the financing of the large Indonesian pulp- and paper producer APRIL.
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Duch support for the World Bank financing the oil, gas and mining sectors?
Discussion note, titled: Fuelling the debate - Should the Netherlands support World Bank financing of the oil, gas and mining sectors?

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Paper Tiger, Hidden Dragons - The financing of Asia Pulp & Paper
Research into the financing of the large Indonesian pulp and paper producer Asia Pulp & Paper (APP).
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Financial involvement of Dutch banks in the Indonesian oil palm sector
Research into the involvement of Dutch banks in the financing of the Indonesian oil palm sector.
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Funding Forest Destruction
Study with AIDEnvironment into the financial ties between Dutch banks and Indonesian palm oil producers.
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Capital flows in forestry companies
Analysis of the financing of forestry companies.
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