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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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Hydropower

Although the smallscale waterpower projects can be considered as a sustainable alternative for fossil fuels, the vast waterpower projects often cause harm to humans and their environment. As a consequence of accumulation of water on the side of the dam, large areas are under water, whereas the other side of the dam, which was previously fertile, now is completely dehydrated and unlivable. Both sides of the dam can have immense influences on the local community: their supply of food sources dissapear and whole villages are forced to relocate.

 

Profundo researches the financing of largescale waterpower projects and the question whether financial institutions demand efficient social and environmental conditions concerning the financing of certain projects. 

projects

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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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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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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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Shareholders and strategic partners of the parties financing the Ilisu dam in Turkey
The Ilisu dam is a 1,200 MW hydroelectric project located on the Tigris river in southeast Turkey. If proceeded, the dam will flood the historic town of Hasankeyf, one of the oldest continually inhabited places in the world. In July 2009 a consortium of European banks already backed out of the project because the dam would not meet World Bank environmental and cultural preservation standards. Still, Turkish banks Akbank, Garantibank and Halkbank continue to finance the project. Profundo analysed the shareholders and strategic partners of these Turkish banks. A major role is played by American bank Citigroup, which owns 20 per cent of Akbank's shares, and Spanish bank BBVA, which owns 24.9 per cent of Garantibank's shares. Both banks, through these strategic partnerships, have a major influence on the actions of the Turkish banks, and thus on the Ilisu dam project.

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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 HidroAysén project
The HidroAysén project is a large-scale hydropower project in Chile, owned by electricity companies Endesa Chile (part of Enel, Italy) and Colbún (Chile). If this project will be approved, the current financiers of these companies will play a very important role by deciding whether or not they want to provide finance for this project.

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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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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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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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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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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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Andritz - recent developments
An overview of the deals that technology concern Andritz did from july 2009 untill january 2010 either in the hydroelectric or paper/pulp industry. The financial situation of the company is also being discussed.

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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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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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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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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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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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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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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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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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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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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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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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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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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 impacts and financing of large dams
Research into the environmental and social effects of the construction of dams and hydro electric energy plants, and into the financing of these projects.
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