San Francisco, CA – As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banks’ financing shows that PRB banks are far from their…
September 21, 2020
September 16, 2020
Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals
‘Paris Principles’ document lays out steps needed to transform finance commitments into action The world’s biggest banks, insurers and money managers are under pressure from the public, politicians and their…
September 14, 2020
International Brands and Banks Financing Conglomerate with Largest Connection to Indonesia’s Annual Fires and Haze Crisis, Analysis Reveals
The conglomerate Sinar Mas Group also received the most financing of any company in the forest-risk commodity sector, receiving USD 20 billion in credit (2015-Q120) FULL MEDIA BRIEFER AVAILABLE HERE….
September 1, 2020
Activists Organize to End Big Business of Burning as Arson in Brazil and Indonesia Destroy Rainforests
Environmental NGOs and climate activists host Fires Week of Action targeting major brands and financiers as the world’s most vital rainforests are intentionally burned for profit What: Week of direct…
September 1, 2020
Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows
First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires Explore the full Briefer here. San Francisco — Amid a tropical forest fire season that is…
August 24, 2020
Major Global Brands and Banks Complicit in Production of Conflict Palm Oil on Stolen Community Lands in Indonesia
Nestlé, Mars, Mondelēz, Unilever, and Dutch bank ABN AMRO found in violation of their own policies against human rights abuses *Publishable images from field and supply chain investigations available on…
August 21, 2020
Rainforest Action Network Welcomes Nissin Foods Belated Palm Oil Policy Revision; Calls for a More Ambitious Timeline to Address Conflict Palm Oil Problem
RAN lauds ‘Step in the Right Direction’ but says noodle giant’s decade long delay in eliminating Conflict Palm Oil from instant noodles is unacceptable SAN FRANCISCO and TOKYO – In…
July 29, 2020
Citi Becomes Second Wall Street Bank to Join Carbon Accountability Initiative; RAN Responds
In response to the announcement of Citi’s five-year 2025 Sustainable Progress Strategy, including joining the Partnership for Carbon Accounting Financials (PCAF), Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy…
July 20, 2020
RAN Responds to Morgan Stanley joining Partnership for Carbon Accounting Financials
In response to news that Morgan Stanley is joining the Partnership for Carbon Accounting Financials, Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy Senior Campaigner, said: “Today’s move is…
July 9, 2020
Wall Street’s Biggest Banks Back New Climate Initiative; Climate Advocates Raise Questions
San Francisco – Four of America’s largest banks, JPMorgan Chase, Wells Fargo, Bank of America and Goldman Sachs, have announced as Founding Partners of the Center for Climate Aligned Finance,…