“Netwerk Vlaanderen” has brought information together in a sizeable file: “Bank secrets. Eight banks and their alarming investments”. It’s denouncing the investments by Axa, ING, Fortis, ABN Amro, Citigroup, Dexia, KBC and Deutsche Bank. With that would “Netwerk Vlaanderen” bring up the failure of transparency and social responsibility of banks.
There goes money from these banks to AviChina, that sells military material to Myanmar and Sudan, although has the European Union raised a weapon release against these countries.
According to the Christian union of employees (LBC) should the financial organizations reckon with important environmental- and human rights standards in their investment decisions and they aim at an ethical lower limit. That’s why the union invites all his militants to start a discussion within the social consultation in the sector. Belgium has given the example to prevent investments in controversial weapons. Nowadays we could become the pioneers in excluding intolerable practices on the field of environment and human rights.
Companies, banks, the government,… has to keep ethical investments always in mind because it became an important item that has been forced by the community. I think that banks can’t exclude unethical investments because they earn a lot of money with them.
Jan
http://www.standaard.be/Artikel/Detail.aspx?artikelId=DMF13112007_040&kanaalid=3
There goes money from these banks to AviChina, that sells military material to Myanmar and Sudan, although has the European Union raised a weapon release against these countries.
According to the Christian union of employees (LBC) should the financial organizations reckon with important environmental- and human rights standards in their investment decisions and they aim at an ethical lower limit. That’s why the union invites all his militants to start a discussion within the social consultation in the sector. Belgium has given the example to prevent investments in controversial weapons. Nowadays we could become the pioneers in excluding intolerable practices on the field of environment and human rights.
Companies, banks, the government,… has to keep ethical investments always in mind because it became an important item that has been forced by the community. I think that banks can’t exclude unethical investments because they earn a lot of money with them.
Jan
http://www.standaard.be/Artikel/Detail.aspx?artikelId=DMF13112007_040&kanaalid=3
1 opmerking:
I can't say that it is good to invest in weapons and that kind of stuff,but if people really want to invest in ethical things, they can go for ethical funds.So if they complain, they have to search for other investments.
Els
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