Advancing and Protecting Sustainability Standards in Development Finance

About this grant

Against the backdrop of threats and challenges posed by the global COVID-19 pandemic, Friends of the Earth will build on its longstanding successful efforts to reform critical international finance institutions, particularly in the energy, extractive and natural resources sectors. With renewed support, the grantee primarily seeks to expand its new Banks and Biodiversity initiative, which encourages Chinese and other trend-setting banks to adopt “No Go” (off-limits) policies for financing in or near vulnerable geographic areas. A second workstream will target development finance institutions to boost support for improved renewable energy access and climate-related policies. Both workstreams will entail a blend of advocacy, research and deepened engagement at the institutional and project levels.