International Sustainable Finance
At Friends of the Earth, we work to strengthen and raise environmental and social standards at international financial institutions. Our goal is to promote the highest environmental, social, climate, and sustainability standards and practices in the international banking sector in an effort to protect the environment, communities, and climate on a local and global level.
We advocate for the U.S. to provide its fair share of funding, based on its historical role in funding the climate crisis, on an international scale. We push public finance institutions to stop putting our tax dollars into fossil fuel projects around the world and to invest in renewables. And we push banks to enact environmental and social safeguards for their investments.
International public finance for fossil fuels from 40 signatories of the Clean Energy Transition Partnership (CETP) has fallen by up to 78%.
The U.S. Export-Import Bank ignored its own charter and applicable laws to push through this risky nearly $5 billion project financing approval before Congress or the public could weigh in.
There are legal procedures and processes in place to ensure the U.S. Export-Import Bank does not waste taxpayer dollars on risky projects plagued by violent insurgencies.
Mining, oil and gas and industrial agribusiness driving 90 percent of forest and biodiversity destruction, and while there are tireless campaigns everywhere to reign in the destruction, if the incentives don’t change, the outcomes won’t change either.
The World Bank Group (WBG) plays a massive role in directing global economic development, and has the potential to support climate mitigation and adaptation by strategically using public funds. Unfortunately, it continues to invest in profitable, polluting companies under the guise of green development. Over the past year, the…
The World Bank Group's mission is to end extreme poverty and promote shared prosperity on a livable planet.
This progress shows how banks and financial institutions can — and must — be held accountable to protect biodiversity.
Fossil fuel financing from those signers is falling drastically, and most signatories have either eliminated or considerably reduced fossil fuel financing.
Americans have made it clear: We want a cleaner future. This means investing in sustainable and efficient renewable energy at home and abroad.