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RBS urged to monitor Chinese link | RBS urged to monitor Chinese link |
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Amnesty International has called on the Royal Bank of Scotland (RBS) to monitor its investment in the Bank of China more closely. | Amnesty International has called on the Royal Bank of Scotland (RBS) to monitor its investment in the Bank of China more closely. |
The human rights group said RBS should be making sure working conditions and pollution in firms funded by the Bank of China have improved. | |
The RBS said it was working with its partners in China to improve environmental and working conditions. | The RBS said it was working with its partners in China to improve environmental and working conditions. |
RBS bought a 5% stake in the Bank of China two years ago for $1.6bn. | RBS bought a 5% stake in the Bank of China two years ago for $1.6bn. |
The Edinburgh-based bank said "engagement" with China was the right way forward. | The Edinburgh-based bank said "engagement" with China was the right way forward. |
However, Amnesty International said it should also be watching how the money has been used in China. | |
John Watson, director of Amnesty in Scotland, said RBS should be monitoring its investments to check it has not been encouraging slave labour or environmental pollution. | |
Amnesty International has brought out two reports in the run-up to next year's Olympic Games in China which highlight the poor working conditions of migrant workers and abuses of human rights. |