A coalition of non-governmental organizations has criticized the 2020 Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) for not allowing the participation of affected communities and civil society during the meeting that took place in late July.
5 years after its founding, the Chinese-led Asian Infrastructure Investment Bank (AIIB) still risks the wellbeing and livelihoods of people affected by its projects across Asia. In a joint press conference, NGO Forum on the ADB together with civil society organizations from Bangladesh, India, and Germany intend to shed light on the weak Human Rights and Environmental standards of the multilateral bank and give examples of harmful AIIB projects.
On the day of RWE‘s annual general meeting, Amundi, the utility’s 7th biggest investor and one of the world’s biggest asset managers, has criticised the company‘s coal phase-out strategy as "at odds" with the 1.5°C Target of the Paris Climate Agreement. This criticism is part of a letter seen by Urgewald and its partner NGO Reclaim Finance that is addressed to RWE’s CEO Rolf Martin Schmitz and his designated successor and CFO Markus Krebber.