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.
The latest energy directives from the Trump administration seek to subsidize coal in an effort to bring back an obsolete, centuries-old fossil fuel.
The board of directors at the U.S. Export-Import Bank is scheduled to approve nearly $5 billion in support for Mozambique LNG, owned and operated by Total Energies. Grave concerns exist about this project including unsettling reports on severe human rights violations linked to security of the gas project.
Today the US Export-Import Bank quietly voted on and presumably awarded a $526 million loan agreement to ExxonMobil and partners for a massive gas project in Guyana.
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.
Serious financial, social, environmental, and climate risks aside, the development of LNG in Mozambique has also been tangled up in a corruption scandal of international scale, and a devastating militarized conflict impacting over a million people.
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.
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DownloadUKEF letter on Mozambique
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Learn MoreRed Lines for a Green Future: Exploring Exclusionary Approaches to Protecting Biodiversity and People
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Learn MoreFinancing for Biodiverse Futures? Key Considerations for Financial Institutions to Stop and Reverse Biodiversity Loss