Come to Basel from the 22-25 June to plot actions on how to change the financial system so it stops bankrolling the climate crisis
We are a network of non-profit organisations and activists from more than 67 countries and 6 continents.
We are not an NGO ourselves but bring together charities, campaigning groups, think tanks, environmental groups, religious organisations and trade unions. We are academics, financiers, and engaged citizens.
We recognise that finance impacts our lives in many different ways. And to get the society we want, we must come together to change finance.
We are united in our belief that not only is this desirable, but achievable and necessary.
Then say you’ll stand with us.
Wealth continues to be transferred from the public purse to private pockets.
The financial sector still grows to unsustainable levels for our society (16.9% of the total global economy in 2014 – McKinsey Global Institute; IMF)
Blackrock and Vanguard are new threats to the system. In 2008, they managed $4 trillion of assets, and in 2017, a whopping $11.5 trillion.
Central banks have injected thousands of billions – huge amounts of public money- into financial markets, with very little democratic oversight and no regard to its impact on inequality and climate change.
While global financial assets represent almost $300,000 billion, finance dedicated to reduce climate change only represents $383 billion (CPI, 2016).
In 2017, financing for overseas coal projects reached a five-year high from G20 governments, totalling at least $13 billion in loans, credits, and guarantees.
Wall Street bonuses have jumped 17% to pre-crisis levels. While there is a limitation on bonuses in the EU since 2014, Brexit could lead to its suppression in the UK.
Learn more: Citizens Dashboard of Finance
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