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.
Special Presidential Envoy for Climate John Kerry announced a plan to end U.S. public international fossil fuel financing at the World Economic Forum today.
52 non-governmental organizations sent a letter establishing criteria for the Biden Administration to select candidates at export and development finance agencies.
44 environmental groups sent a letter today decrying Fred Hochberg’s potential leadership as a top aide in the Biden Administration.
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.
The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels.
The international statement captures growing international concern regarding how Chinese development finance can do its part in successfully addressing the COVID-19 crisis without exacerbating environmental, social, climate, biodiversity, or other risks.