Word: ngos
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...modern society so desperately needs," says Ilyse Hogue, director of the global-finance campaign at Rainforest Action Network (RAN), which led the fight against JPMorgan Chase. Yet even as they have publicly confronted big financial institutions, green groups--many of which belong to a loose collection of nongovernmental organizations (NGOs) known as BankTrack--have privately collaborated with banks to jointly tackle environmental and social concerns...
...Equator Principles member, Credit Suisse First Boston, found itself the target of new global protests for its decision to underwrite Shell's controversial Sakhalin II pipeline in the northern Pacific, a project that environmentalists say threatens the endangered western gray whale. Without adequate transparency and monitoring of sensitive projects, NGOs fear, the Equator Principles will become meaningless. "What good is a series of principles like this if you can't verify that they are being applied on a project-by-project basis?" asks Oil Change's Kretzmann. "Equator banks are saying to people, 'Trust us,' but they are not allowing...
...another Equator Principles member, Credit Suisse First Boston, found itself the target of new global protests for its decision to underwrite Shell's controversial Sakhalin II pipeline in the northern Pacific, a project environmentalists say threatens the endangered Western gray whale. Without adequate transparency and monitoring of sensitive projects, ngos fear the Equator Principles will become meaningless. "What good is a series of principles like this is if you can't verify that they are being applied on a project-by-project basis?" asks Oil Change's Kretzmann. "Equator banks are saying to people 'Trust us,' but not allowing...
...Despite these differences, banks and ngos are likely to keep working together. The reason is simple: socially and environmentally responsible investment makes good business sense. HSBC, Citigroup and ABN Amro all say that green issues are increasingly important when they consider funding global projects. In the future, "the Equator Principles will be seen as a catalyst for how banks conduct themselves in other areas of their business," says ABN Amro's Burrett. If that happens, activists in haz-mat suits will have to find another target...
...soccer team [March 28]. Therein lies an inspiring story. Those girls play soccer on a field that was cleared of land mines with the help of Roots of Peace, a nongovernmental organization (NGO) that raises money from U.S. middle and high school students. The State Department works with 50 NGOs to raise money from private sources for land-mine removal, augmenting the nearly $1 billion the U.S. government has contributed since...