RAN Responds to the RSPO’s Revised Certification Standard
The RSPO has published a revised certification standard (RSPO Principles & Criteria 2024) that will be voted on during its upcoming General Assembly—an annual meeting of its members held during…
Banking on Biodiversity Collapse 2024: Banks and investors continue to finance deforestation while governments are “asleep at the wheel”
Despite international commitments such as the Global Biodiversity Framework (GBF), financing to sectors linked to deforestation continues to rise.
New Global Conservation Standards Applied to World-Renowned Leuser Ecosystem
Large-scale HCV-HCS mapping advances in Aceh; But More investment needed to map rainforests needing protection After decades of hard-fought international pressure campaigns by local organizations, international NGOs and consumers, an…
New Evidence Questions the Credibility of Multi-billion Dollar “Sustainable Finance” Deals Arranged by Japanese Megabank MUFG
As Billions in finance have flowed to the Royal Golden Eagle Group, deforestation connected to the giant conglomerate continued August 27, 2024 – San Francisco, CA – Today, Rainforest Action…
Royal Golden Eagle Group Receives Billions in Sustainability Loans Amid Ongoing Links to Deforestation Across its Business
Royal Golden Eagle has received $4.25 billion in “sustainability linked loans” since 2021, with Japanese megabank Mitsubishi UFJ Financial Group (MUFG) playing a key role. This green finance purports to incentivize “zero tolerance for deforestation” and “radical traceability and transparency,” among other headline goals, but regulators have expressed concerns around greenwashing.
