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.
Two years after the U.S. Treasury issued guidance to shift financial support from multilateral banks away from fossil fuel buildout overseas, a new report the U.S. has voted to support nearly 400 million USD in direct fossil fuel financing at the World Bank Group alone through March 2023.
President Biden cannot claim climate wins while his US Export-Import Bank is propping up a pollutive industry.
The U.S. is failing to pursue an end for overseas oil and gas financing through the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, according to a new analysis led by Friends of the Earth and Oil Change International with over 175 civil society signers.
The agribusiness giant Bunge is engaging in an egregious corporate climate con – and shareholders should take note.
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.