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Swedish consumers demand action from banks

 Borneo’s forests

The Swedish consumer association (Sveriges Konsumenter) has published a report which looked at whether banks stand by commitments they have made to respect the rights of indigenous peoples and protect Borneo’s forests.

The results showed that all the major Scandinavian banks surveyed were, through the channelling of investments into funds and activities, failing to follow international standards and conventions on indigenous rights which they have themselves claimed to respect.

The banks:

  • Danske Bank,
  • Handelsbanken,
  •  Länsförsäkringar,
  • Nordea,
  • SEB,
  • Skandia and
  • Swedbank in four companies associated with risks and impacts on indigenous peoples and their forests in Borneo.

Since the disclosure, more than 2,000 consumers have contacted their banks through the Fair Finance Guide webtool to ask that they take action.



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