There will be investments of banks or their business partners to be checked if there is no human rights are violated. Thus, for example, child labour can be avoided.
,,Businesses that are involved in poor working conditions, pollution, or the unfairly expropriating land, have a bank account or a loan. Banks to speak now that their influence want to use it for these human rights violations by their customers,” says Ploumen.
Dijsselbloem: ,,In the covenant are also made agreements about transparency. It should be clear to consumers in what sectors banks invest and how they make their customers to address their human rights policy”.
Among others, ING, ABN-AMRO, Rabobank, the Dutch Association of Banks, the trade unions FNV and CNV trade union federations and the ngos Oxfam-Novib, Amnesty International and Pax do.
the agreements between The banks, government, civil society organisations and trade unions are created under the leadership of former minister of Environment, Jacqueline Cramer. Previously closed minister Ploumen already have similar agreements with the coal and textile industry.
Participation in the so-called covenant Banking Sector is voluntary, but not optional. The banks will report their results via the Social Economic Council to a commission. If banks did not comply, they may be here by the other parties to be addressed and, if necessary, of the covenant.
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