Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Citi, JPMorgan, Wells Fargo to face AGM challenges over indigenous rights impact

Shareholder proposals will demand greater transparency and adherence to international human rights standards
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Citi, JPMorgan, Wells Fargo to face AGM challenges over indigenous rights impactImage: Pedro Pardo/AFP via Getty Images

“I hope they’re listening,” says Juan Mancias, chair of the Carrizo Comecrudo Tribe of Texas, referring to Citi’s annual shareholders’ meeting on April 30. It is there he will present a proposal calling on the bank to report on its “policies, practices and performance” in respecting internationally recognised human rights standards for indigenous peoples. 

Mancias says the oil and gas companies that banks like Citi finance are destroying what paradise used to be. He is referring to the fossil fuel industry in Texas, which he says has destroyed the land and created a place with almost no suitable water. A new liquefied natural gas pipeline is also planned near his tribe’s ancestral lands which span the delta region where the 1900-mile Rio Grande river meets the Gulf of Mexico. 

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Anita Hawser is the Europe editor at The Banker. For the past 20 years, Anita has worked as a freelance journalist for a range of banking, finance and tech titles covering topics such as cybersecurity, financial crime, cryptocurrencies, payments, trade and supply chain finance. Before joining The Banker, Anita was Europe editor at Global Finance.
Read more articles from this author