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.
Friends of the Earth U.S. and partners marked Ajay Banga’s first year as president of the World Bank Group by exposing the Wall Street ties that are stymieing climate action at the financial institution.
On the 80th anniversary of the Bretton Woods Institutions, hundreds rallied and marched to demand the World Bank Group and the International Monetary Fund make deep changes to their business as usual in the name of climate, human rights, and economic and global justice.
The United States and a handful of other bad actors are blocking a just transition to renewable energy with continued and outsized financial support for fossil fuels.
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.
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.
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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DownloadLetter to EXIM on Trafigura
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Learn MoreStill Misguided: The US continues to support oil & gas projects at the World Bank Group
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DownloadFOIA Response: Recommendations from EXIM Climate Council