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Indigenous women and Divest Invest Protect vs. Credit Suisse

Case overview

Date filed 30 January 2020
Current status Presentado
Issue Credit Suisse contribution to harms at DAPL
Summary of the case On 30 January 2020, indigenous women in the United States, Divest Invest Protect, and WECAN filed an OECD Guidelines complaint against Credit Suisse for contributing to adverse impacts to Indigenous peoples and the environment through continued corporate finance to firms that built the Dakota Access Pipeline (DAPL) and Bayou Bridge Pipeline (BBP). This filing was also supported by the Indigenous Human Rights Defenders and Corporate Accountability Program at the University of Arizona and the International Human Rights Clinic at Western New England University School of Law. The complaint highlights the violation of indigenous people's right to give free, prior and informed consent (FPIC) as well as Credit Suisse's continued financing of fossil fuels driving the climate crisis. The complaint highlights Credit Suisse's breaches of the OECd Guidelines on General Policies (disclosure and stakeholder consultation), Human Rights, and the Environment. This case follows on a recent related case filed against Credit Suisse by the Swiss-based the Society for Threatened Peoples (STP), also regarding the bank's involvement in financing DAPL. That case concluded in 2019 and led to Credit Suisse incorporating the protection of Indigenous communities’ rights into its internal guidelines on project financing. This case, however, specifically addresses the bank's contribution to harm through its corporate lending, not project financing.
Developments/Outcome
Relevant OECD Guidelines
Case keywords El desalojo y reasentamiento forzoso, Los derechos humanos, Medio Ambiente, Sector financiero, Nexo de inversión

NCP Information

NCP name National Contact Point United States of America
NCP address Washington, DC, United States
NCP website http://www.state.gov/e/eeb/ifd/oia/usncp/index.htm
Other NCPs involved

Complainants

Company Information

Company responsible Credit Suisse
Company address
Company website
Company in violation
Country of operations
Other companies involved

Timeline of developments

Date Actor Action Description Document
30 January 2020 Indigenous women in the U.S. presentar Complaint filed at U.S. NCP  
30 January 2020 Women's Earth & Climate Action Network, International (WECAN) WECAN issues press release at filing of complaint download pdf (409Kb)  

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