On October 13th 2022, FMO published the final version of its Position Statement on Impact and ESG for Financial Intermediaries (FI statement). As civil society groups which have engaged with FMO on this topic for…
The European Commission’s proposal for a directive on corporate sustainability due diligence includes a dangerous overreliance on industry schemes, multi-stakeholder initiatives, and third-party auditing, a briefing paper by SOMO concludes. Publication / November 25, 2022…
The ‘Bill on Responsible and Sustainable International Business Conduct’, submitted to the Dutch Parliament on Tuesday by six Dutch political parties is set to be a game changer in the field of corporate accountability. SOMO…
Telenor and 474 civil society organizations from Myanmar, represented by SOMO, have reached a preliminary agreement in an ongoing mediation process related to the Norwegian telecoms operator’s rushed exit from Myanmar in 2021. The memorandum…
The UN Treaty aimed at regulating the activities of transnational corporations and other businesses (also commonly referred to as the Legally Binding Instrument, or LBI), and the proposed EU Directive on corporate sustainability due diligence…
Dutch development bank FMO bears responsibility for the destruction of livelihoods, economic losses and environmental damage caused by the construction of the Barro Blanco dam in Panama, according to a report by the bank’s Independent…
The Mind the Gap project has launched a new toolkit for civil society to deal with strategies commonly used by corporations to avoid responsibility for human rights abuses and environmental damage across their supply chains….
On Tuesday 28 June, the Honduran organisation COPINH and the Global Justice Association filed a complaint with the public prosecutor in the Netherlands against Dutch development bank FMO. For COPINH, this is part of their…
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes of investments that are channeled through commercial banks, investment funds, and other financial intermediaries,…