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Article

21 Feb 2011

Author:
Ecumenical Council for Corporate Responsibility (ECCR)

[PDF] full report: "The Banks and Society: Rebuilding Trust – social, ethical and environmental concerns"

This report discusses…issues arising as an indirect consequence of the way banks do business – such as concerns about negative environmental and human rights outcomes, corruption and developing country debt…[B]anks have a responsibility to ensure as far as possible that their products and services enhance rather than undermine human rights…[B]anks’ equal opportunities statements and flexible and ‘family friendly’ working policies – informal barriers still discriminate against women with respect to recruitment, terms and conditions, and career progression… [Banks should] [a]pply social and environmental criteria to lending benefiting from export credit agency support to ensure that loans do not contribute to corruption, environmental degradation or human rights problems…