Banking crises have not only been experienced by Ecuadorians; in dozens of countries their effects have been devastating. Many organizations are actively working to ensure that these crises lead to more ethical banking. One of these projects, widely disseminated on the Internet, is the “Close the Gap” project of the Bank Track International Network.
This report, produced in collaboration with the research firm Profundo, analysed, scoring from 0 to 5, the lending and investment policies of 49 banks in 17 countries, for seven main business sectors (agriculture, fisheries, forestry, military industry and arms trade, mining, oil and gas, power generation) and on nine sustainability-related themes: biodiversity, climate change, corruption, human rights, indigenous peoples, labour, operations in conflict zones, taxation and toxic products.
Some of the listed banks have a presence in our Latin American countries and, in addition to having relations with our governments, they have relationships in the manufacturing of weapons (cluster bombs), nuclear weapons and projects that threaten the environment. Very interesting work.
TIP: If you want to know even more if the listed banks have business in your country, put the name of the bank in the search bar, adding the country. For example: Banco Santander (with several "secrets") + Ecuador in Google.
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