According to a complaint filed with the UK government by human rights and environmental advocates this week, Standard Chartered violated international guidelines for responsible business conduct by co-financing four coal-fired power plants that have devastated local communities in the Philippines.
The complaint was filed with the UK National Contact Point for Responsible Business Conduct, a government office tasked with investigating breaches of the OECD Guidelines for Multinational Enterprises.
Local communities have reported increased respiratory and skin disease, land dispossession, eviction and impoverishment directly resulting from the construction of the power plants.
The affected communities and NGOs are calling on Standard Chartered to contribute to the remediation process and strengthen its policy on remediation.
Despicable! The people who are burning the Earth have names and addresses.