Corporate accountability Companies operating in the EU should be legally accountable for any harm they cause to people and the environment, anywhere in the world

15 October 2019

The European Investment Bank (EIB) has today failed to agree a new energy lending policy that proposed to end its financing of fossil fuel projects from 2020.

Voting on the policy was expected to take place in Luxembourg today at the meeting of the Bank’s board, made up of representatives from every EU member state, but the decision has for the second time been postponed, likely to November.

14 October 2019

This week (14-18 October 2019) marks another round of negotiations on a historic UN treaty on transnational corporations and human rights will take place in Geneva. On the agenda is the first draft of the treaty that was published in July by Ecuador, the country chairing the process.

Multinational companies affect the lives of people and the environment all over the world. In many countries, the victims of the harm they cause do not have access to justice.

 

Friends of the Earth Europe calls on policy-makers in Europe to hold European companies legally accountable for any harm they do around the world, and to participate in the UN process for a binding treaty for businesses in relation to human rights.

For enquiries please contact:

  • Paul de Clerck
  • Ike Teuling