Investing in Myanmar's military cartel

July 6, 2023

Published with Info Birmanie and BankTrack. Endorsed by Altsean Burma, International Federation for Human Rights (FIDH) and Reporters Without Borders (RSF).

More than two years after the attempted military coup in Myanmar, and two years after financial institutions’ investments in Myanmar’s military cartel were first exposed in a Justice For Myanmar and BankTrack briefing, five major French banks and a pension fund continue to invest in twenty-two companies linked to the Myanmar military junta.

The report reveals that these investments by Crédit Agricole, La Banque Postale, the BPCE group, BNP Paribas, Société Générale and the Fonds de Réserve pour les Retraites (FRR) amount to over US$6 billion, 75% of which is in the fossil fuel sector.

The report calls on the five banks and the pension fund to take action in compliance with their obligations under France’s 2017 Duty of Care Law and international standards on business and human rights.

Read the full report

Investing in Myanmar's military cartel

Press Release