Dutch banks lax on human rights when investing: Fair Bank Guide

Dutch banks do not do enough to emphasise the importance of human rights at oil and mining companies they invest in, according to the Fair Bank Guide, a database developed to benchmark the largest Dutch banks on various social, economic and environmental sectors and issues.

The guide looked at the banks’ investments in Shell and mining firms Vedanta Resources and Barrick Gold, all of which have a poor record on human rights, the organisation said.
Only ASN, Friesland and Triodos bank do not invest in these three companies, said the guide, set up by Oxfam Novib, Amnesty International and the FNV trade union federation.
ABN Amro is the worst-ranked of nine banks studied because it did not give the researchers any information about its human rights policies. It scored one out of a potential five points.
ING and Aegon scored two for saying they are involved in dialogue with the firms but could not give any extra information. Rabobank, Van Lanschot and SNS were described as ‘average’ and scored three out of five.

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