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Article

14 Nov 2005

Author:
Netwerk Vlaanderen

Belgian bank groups invest in companies that abuse human rights

AXA, ING, Fortis, Dexia and KBC have invested more than US$ 8 billion (more than €6.6 billion) in companies that are involved in the violations of human rights... The report from Netwerk Vlaanderen...reveals investments in fourteen controversial companies and a number of large-scale infrastructure projects... The following conclusion can be drawn from the findings of the report: The polices of AXA, Dexia, Fortis, ING and KBC offer no guarantees against investments in the violation of human rights. [refers to Wal-Mart, Total]

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