• 2 May 2019

    Working Together for Corporate Accountability: 2019 ICAR Annual Meeting Recap

    By Accountability Counsel
    Accountability Counsel’s Policy team joined a diverse group of organizations working to ensure that corporations act responsibly and transparently, and provide remedy for harm tied to their activities, for the International Corporate Accountability Roundtable (ICAR) annual meeting last week.
  • 10 April 2019

    IFC Commitment to Accountability Will Be Tested in Short Order

    By Accountability Counsel
    We welcome this morning’s statement from International Finance Corporation (IFC) CEO Philippe Le Houérou on accountability, which comes on the heels of the recent U.S. Supreme Court decision to end IFC absolute immunity from lawsuits in U.S. courts and as its accountability system undergoes a review. In order to matter in practice, this statement must transform into immediate IFC action to implement concrete changes and make the institution truly accountable to the people its investments harm.
  • 20 March 2019

    Press Release: European Union Bank Watchdog Visits Communities in Nepal Concerned About Marsyangdi Transmission Line

    By Accountability Counsel, FPIC & Rights Forum, and LAHURNIP
    The European Investment Bank (EIB)’s independent watchdog – known as the Complaints Mechanism – visited the Lamjung district of Nepal from March 15 to 18, 2019, to hear concerns of communities affected by the EIB-funded 220 kV Marsyangdi Corridor, a high voltage transmission line project which is being implemented by the Nepal Electricity Authority (NEA).
  • 14 March 2019

    IFC Publishes Impact Investing Principles

    By Brian McWalters, Accountability Counsel
    This week, the IFC published the final version of its ‘Impact Investing: Operating Principles for Impact Management’ (the Principles). The Principles are a set of voluntary guidelines for impact investors, touching on impact strategy, assessment, and monitoring.
  • 12 March 2019

    Accountability Counsel Presents on Community Feedback in Impact Investing for Transform Finance Webinar

    By Accountability Counsel
    Accountability Counsel gave a webinar presentation on incorporating community feedback into impact investments. The presentation, ‘How Community Feedback and Accountability Mechanisms Can Advance the Field of Impact Investing’, is part of a series of webinars hosted by Transform Finance.
  • 8 March 2019

    Accountability Counsel Submits Joint Comments on EBRD Accountability Mechanism Policy Review

    By Brian McWalters, Accountability Counsel
    Earlier this week, Accountability Counsel and 24 CSOs submitted joint comments and recommendations on the European Bank for Reconstruction and Development’s (EBRD) accountability mechanism policy review. The joint submission urges the EBRD to build on its draft Project Accountability Policy by retaining the good practices the Project Complaint Mechanism (PCM) already adheres to and addressing the remaining gaps in the policy.
  • 6 March 2019

    Peer Review Calls for Strengthening of U.S. NCP; Fails to Account for Key Stakeholder Input

    By Accountability Counsel, International Corporate Accountability Roundtable (ICAR), and International Labor Rights Forum (ILRF)
    As the global business landscape continues to expand and shift, there is a pressing need for corporate accountability in the world. Effective avenues where people can seek remedy for harm caused by businesses are crucial. In the United States, the U.S. National Contact Point (U.S. NCP) is meant to serve as a forum in which people harmed by American companies’ activities and operations can raise grievances. 
  • 27 February 2019

    World Bank Group Absolute Immunity Ends in Landmark U.S. Supreme Court Decision

    By Accountability Counsel
    Today, the United States Supreme Court issued its decision in Jam et al. v. International Finance Corp., a landmark case challenging the World Bank Group’s claim to absolute immunity in a lawsuit brought by fishing communities in India and their lawyers at EarthRights International. In a 7-1 ruling, the justices have ended the International Finance Corporation’s (IFC) absolute immunity from lawsuits in U.S. courts. The immunity upset at the IFC, the private sector arm of the World Bank Group, will have wide-ranging and global implications.
  • 22 February 2019

    Sharing Accountability Counsel’s Mission at the Cox Servant Leadership Symposium

    By Sydney Speizman, Accountability Counsel
    Accountability Counsel’s Executive Director Natalie Bridgeman Fields gave the keynote address at the Cox Servant Leadership Symposium at the Haverford School today, sharing Accountability Counsel’s mission and work. The students had engaging follow-on discussions about the interconnectedness of the global economy and how they can leverage their influence to demand greater justice in international finance.
  • 13 February 2019

    A Long Road to Remedy

    By Sarah Singh, Accountability Counsel
    A way forward together. This was the promise made by the Rio Tinto-backed Oyu Tolgoi (OT) copper and gold mine to local herders. Now, after years of false starts and false promises, nomadic herders in Khanbogd soum, in Mongolia’s remote South Gobi, may finally have a way forward with OT. That is the vision offered by the historic agreements reached in May 2017 between herders, OT, and the local soum government. But will the agreements really amount to more than words on paper? We’re working with local herders to move the agreements From Paper to Progress.
  • 12 February 2019

    Accountability Counsel Submits Joint Recommendations to AfDB Board of Directors on the Consultation Process of the IRM Review

    By Accountability Counsel
    Yesterday, Accountability Counsel and 33 global partners submitted a joint letter to the African Development Bank’s (AfDB) Board of Directors, providing recommendations on the consultation process for the upcoming review of the AfDB’s Independent Review Mechanism (IRM).
  • 5 February 2019

    Gaining Access to Information: The Case of Nepali Communities & The World Bank

    By Siddharth Akali, Accountability Counsel and Shankar Limbu, LAHURNIP
    In January 2019, after much effort by Nepali communities and civil society organizations, the World Bank released a report in Nepali about preventing and mitigating conflicts related to infrastructure siting in Nepal. This article provides an overview of a two year process over which Nepali communities affected by a World Bank-funded transmission line compelled the Bank to disclose the report, and make it available in the local language of Nepali.
  • 28 January 2019

    Press Release: World Bank and Tata Group Must Take Urgent Action to Address Long-Standing Health and Safety Concerns on Their Tea Plantations in India

    By Accountability Counsel, PAJHRA, PAD, and Nazdeek
    Today, the World Bank’s independent watchdog, the Compliance Advisor Ombudsman (CAO), released a monitoring report finding that the World Bank has failed to deliver on commitments to address serious health and safety concerns facing the 155,000 people that live and work on tea plantations it owns in India’s Northeast.
  • 18 January 2019

    Accountability Counsel Releases 2017-2018 Annual Report

    By Natalie Bridgeman Fields, Accountability Counsel
    Accountability Counsel is pleased to share that our 2017-2018 Annual Report is now available.
  • 17 January 2019

    Reflections on ADB’s Accountability Mechanism Expert Meeting

    By Accountability Counsel
    On January 17, 2019, Accountability Counsel attended the Asian Development Bank (ADB)’s Accountability Mechanism Expert Meeting in London.
  • 15 January 2019

    Celebrating the 10 Year Anniversary of the EIB Complaints Mechanism

    By Accountability Counsel
    Yesterday, Accountability Counsel attended the European Investment Bank (EIB) Complaints Mechanism 10 Year Anniversary event at the EIB Headquarters in Luxembourg.
  • 14 January 2019

    Accountability Counsel Submits Joint Statement to World Bank’s Board of Directors on its Initial Review of the Panel’s Toolkit

    By Accountability Counsel
    Today, Accountability Counsel and 66 global partners submitted a joint statement to the World Bank Group’s Board of Directors, expressing disappointment that three important measures were not approved in the initial review of the Inspection Panel’s toolkit.
  • 8 January 2019

    The World Bank Group President Steps Down, Adding to Washington Ethics Lapses and Cementing a Legacy

    By Natalie Bridgeman Fields, Accountability Counsel
    Yesterday, World Bank Group President Jim Yong Kim’s announcement of his sudden departure signaled that something is deeply amiss. His February 1, 2019 departure date, more than three years before the end of his term, translates into unanticipated costs to the Bank as it is forced to prematurely undergo a major leadership change. The full story about why he resigned is not yet public. But there is much that can be said about Kim’s legacy as a Bank President, his immediate next move that violates the Bank’s Code of Conduct, and implications for the future of Bank leadership and the institution as a whole.
  • 2 January 2019

    Next Steps for the U.S. International Development Finance Corporation

    By Stephanie Amoako, Accountability Counsel
    In October 2018, the Better Utilization of Investments Leading to Development (BUILD) Act became law, creating a new U.S. development finance institution. The new institution, the United States International Development Finance Corporation (USDFC), will subsume the Overseas Private Investment Corporation (OPIC) and some USAID entities. Accountability Counsel successfully advocated for the BUILD Act to require the USDFC to implement strong environmental and social protections and for the new institution to have an accountability office, which would allow individuals harmed by the USDFC’s activities to seek redress.
  • 21 December 2018

    Accountability Counsel Submits Joint Recommendations to the IFC on its Operating Principles for Impact Management

    By Accountability Counsel
    Accountability Counsel, and 24 partner organizations, made a joint submission today to the International Finance Corporation (IFC) on its draft Impact Investing: Operating Principles for Impact Management (the Principles). The Principles will be a set of voluntary guidelines for impact investors, touching on impact strategy, assessment, and monitoring. Our submission illustrates how accountability is crucial to effectuating the Principles, and recommends strengthening the Principles by including explicit references to good accountability practices.