Fair Finance Guide International
The Fair Finance Guide leads to improvements in the CSR policies and practices of banks, more informed engagement by the public, and more awareness and debate about banks’ responsibilities towards society.
There is currently no global standard for responsible banking, based on widely accepted international norms and conventions. Supporting Fair Finance Guide International (FFGI) will result in civil society having additional capacity in countries all over the world to evaluate and monitor the policies and practices of banks and other financial institutions, and to press for bankers and investors to behave more responsibly. FFGI will fill that gap, uniting various civil society interests covering the broad social and environmental issues which banks impact.
The project builds on a pioneering model developed in the Netherlands since 2009, the Eerlijke Bankwijzer (Dutch) or 'Fair Bank Guide', and its equivalent for the insurance industry, Eerlijke Verzekeringswijzer. It is developing a methodology for research and analysis of bank policies and practices, and providing evidence-based support for dialogue with financial institutions. It will set the agenda and stimulate campaigns on regulatory policies, social responsibility and development relevance of the main financial institutions. In january 2015 we released the report '5 years of the Dutch Fair Bank Guide (2009-2014)'.
Fair Bank Guides modeled on the Netherlands have recently been launched in Japan, Sweden, Brazil, Indonesia, Belgium and France. We aim to continue this momentum both geographically and by expanding the scope to other financial institutions such as pension funds and investors.
• Project period: 2015 – 2018
• Target group: Financial institutions (banks, insurance companies, pension funds), their clients and investors, regulating governmental authorities
• Location: South East Asia, USA, Nordic countries
• Budget needed: The project in Japan, Sweden, Brazil, Indonesia, Belgium and France is funded until 2016 by the Swedish Agency for International Development (Sida). Extension to other regions and sectors will require: SE Asia - €1.5 million; USA – €500,000; Nordic countries – €700,000
• Proponent: SE Asia – Oxfam Novib; USA – Oxfam America; Nordic countries – Oxfam Novib.
Several organizations have shown interest in starting up a Fair Finance Guide in their country. To find out more about the project and how your organisation can join, please contact: Petra Hamers, International Coordinator of Fair Finance Guide International. Email: email@example.com