Industry News: ESG

Investor Group Says Global Banks Must Respect Indigenous Rights

Written by ESG | 30-Aug-2019 9:25:47 PM

2019-08-28

Investment Executive: The group, which includes 50 organizations representing over US$2.9 trillion in assets under management, said that the Equator Principles (EPs) — a voluntary, global environmental and social risk management framework — doesn’t provide an adequate mechanism for avoiding reputational, financial and litigation risks involving Indigenous rights when banks finance controversial projects, such as pipelines.

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