open secrets' and the CALS complaint

The Organisation for Economic Development (OECD) Guidelines for Multinational Enterprises (MNEs) sets out standards to prevent MNEs from contributing to human rights violations, and is one of the few international mechanisms available to regulate and hold businesses accountable. Open Secrets and CALS laid a complaint against KBC and KBL at the Belgium and Luxembourg OECD National Contact Points (NCPS) in April 2018, asking them to make findings on the conduct of both banks.

the banks respond

read the statements made by KBC Group (formerly Kredietbank) and KBL European Private Bankers (formerly Kredietbank Luxembourg) in response to our complaint.

Mr Juan Pablo Bohoslavsky, United Nations independent expert on the effects of foreign debt, made a powerful submission to the Belgium and Luxembourg OECD NCPs in support of our complaint.

delays and conflicts of interest our letter to the OECD

After protracted and fruitless communication with the OECD national contact points, Open Secrets and CALS wrote to the Belgian and Luxembourg contact points about their excessive delay in dealing with our complaint, as well as the conflict of interest of two of the federations involved as decision-makers of our complaint.