ICCR Members Challenge Banks on Ethics and Emissions

Primary tabs

And Bank of America has provided $6.4 billion in funding for the coal industry during the past two years alone. “While Bank of America claims to support environmental responsibility, it continues to lead investments in coal, one of the biggest threats to public health and climate stability,” the Rainforest Action Network (RAN) has stated. 

Given such glaring inconsistencies, it's no wonder that ICCR's recently published ranking of banks concluded, “Key sustainability issues which impact materiality and long-term risk, such as water and climate change impacts are not systematically taken into account in these companies’ investment decisions.” 

Social Funds
Robert Kropp
Saturday, January 25, 2014

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go here. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.