Read the briefing: Banks: High Carbon, Hidden Risk
Big banks are pumping billions of dollars every year into extreme fossil fuels and deforestation. The largest investors in these banks, such as Vanguard, Blackrock, State Street and Japan’s Government Investment Pension Fund, continue to ignore their role in financing climate change, habitat destruction and human rights abuses. These and other investment funds that manage the retirement savings of hundreds of millions of people are signatory to the United Nations Principles for Responsible Investment (UNPRI) – a global initiative committing members to responsible investment. The members are not keeping their promises.
Demand UNPRI members adopt truly responsible investment policies. These policies must prioritise climate, forest and human rights protections, and be applied to their direct investments as well as their investments through banks.
Sign the petition to UNPRI’s head, Fiona Reynolds: We demand that UNPRI members put their principles into practice.
PRI members: Put your Principles into practice to protect the climate, forests and human rights
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