How banks can safeguard our World Heritage
Despite being awarded the highest levels of protection by the United Nations, almost half of all World Heritage sites listed for their natural values are threatened by harmful industrial practices such as oil and gas exploration and mining. As providers of capital, banks can lend to or invest in companies whose activities have the potential to cause damage to World Heritage sites, unless they have a specific and robust policy in place to protect against it.
This report is a guide for banks on developing robust World Heritage site policies and implementation procedures. This builds on our engagement with 10 global banks to improve their procedures. The report includes advice on how to develop, improve and put in place a clearly worded policy and communicate it.