UK - Two charities are to lobby UK pension funds and fund managers on the risks posed by inadequate analysis of the human rights and environmental impacts of mining projects in developing countries.
CAFOD and FairPensions have produced their own risk analyses and case studies.
CAFOD has urged its supporters to contact their own pension funds about the impact of mining projects on local communities as well as the potential impact on returns arising from systemic failures of risk-management of environmental and human rights issues.
The charities said the wanted to highlight the gaps between companies' policies and their actual implementation on the ground, especially in areas new to the companies, in joint ventures and where work was sub-contracted.
Duncan Exley, director of campaigns at FairPensions, said: "Most pension funds have sizeable investments in mining companies, and we urge them to ask fund managers whether the risks we and CAFOD have highlighted are being properly analysed and acted upon."
Rashmi Mistry, head of campaigns at CAFOD, said: "Mining is a growing industry in developing countries but we believe that it should not endanger the lives and environments of people who are already impoverished. The vast majority of our pension funds have investments in mining companies, so we're encouraging CAFOD supporters to exercise their right to raise concerns over the practices of mining companies."
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