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Updates and highlights of the fair finance network.                    January - May 2022
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Fair Finance Southern Africa Launches
In February Fair Finance International welcomed Fair Finance Southern Africa as its newest member to the network. Fair Finance Southern Africa is the first African Fair Finance coalition to be created and will focus primarily on the issues of climate change and transparency. Read more
New Release! Fair Finance Germany publishes its Dirty Profits 9 report
“Eyes closed, costs down, profits up”. A multitude of companies still act according to this motto. Their poor labor, safety and environmental standards repeatedly lead to fatal accidents, environmental disasters and serious human rights violations, as shown in Fair Finance Germany’s newly released Dirty Profits 9: How much Pain for Corporate Gain?” . Learn more
Gender and Finance: FFI celebrates International Women's Day
FFI coalitions from Brazil, Germany, the Netherlands and Asia marked International Women’s Day with research, articles and this video highlighting the role of the financial sector in advancing gender equality. Read more about their work and FFI’s call for a financial sector that values the inclusion and empowerment of women here.
Conflict and Finance: Myanmar
In February Fair Finance Japan published case study on Japanese investments that benefit the Myanmar military. The report added pressure to Japanese investors and companies to divest and since then once such company highlighted in the report; Japanese drinks giant Kirin Holdings, have declared a full withdrawal from Myanmar. Access the case study (in English) here.
Policy assessment updates: Since the start of 2022 three Fair Finance coalitions; Thailand, Belgium and Germany, have released policy assessments looking at the sustainability policies of the banking sector in their country (and Japan did so at the end of 2021). While the Thai assessment showed an improvement in the ESG criteria of Thai banks, the German and Belgian scores showed that many conventional banks often continuing to invest in controversial business models. Read more about the Fair Finance methodology  here.
Opinion: Why today's arms industry is not a sustainable investment
In an Opinion piece for the publication Realtid, Fair Finance Guide Sweden Project Manager Jakob König looked at the issue of the role of the arms industry in sustainable development – can a weapon ever fit into sustainability criteria? Read more

 
New Release! Most Dutch insurers not doing enough for biodiversity
Six of the nine largest insurers in the Netherlands have too limited a biodiversity policy, despite being aware that biodiversity loss is a financial risk, thus preventing effective action and impact. This is according to new research recently released by the Dutch Fair Insurance Guide in collaboration with IUCN NL. Read more 

 
Gender and Finance: Fair Finance Asia publishes new study on gender and Asian agribusiness
On the occasion of International Women’s Day, Fair Finance Asia published a regional study in collaboration with Oxfam’s GRAISEA Program and Profundo entitled, Harvesting Inequality – The Social Impact of Financial Institutions’ Investments, which looks particularly at investments in Asia's agribusinesses.
 Read more
Conflict and Finance: Ukraine
While much of the western oil and gas sector have dropped their Russian assets, as a response to Putin’s invasion of Ukraine, some have remained. Fair Finance Germany carried out research examining the financial relationships of German financial institutions with those companies which are still active in Russia, such as Total and Chevron.
Read more
Policy assessments – Spotlight on Fair Finance Vietnam: In January, Hoang Thu Trang - Programme Officer for Oxfam in Vietnam wrote a blog for FFI discussing the findings from Fair Finance Vietnam's first bank policies assessment report, which took place in 2021. The positive responses to the assessment from the banks and ensuing offers to contribute to policy development in this area inspired FFV to work on the second bank assessment in 2022 . You can read Trang’s blog here.
 
FFI signs up to CSO Statement on the proposed EU regulation on deforestation-free products: In February FFI joined  over 100 civil society organizations from Europe and beyond calling on the European Parliament and EU Member States to close the loopholes in the proposed European Commission’s regulation to tackle EU-driven global deforestation. Read more 
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