Citigroup Announces New Coal Policy; Climate Advocates Respond
Rainforest Action Network, Indigenous Environmental Network and Amazon Watch issue statements San Francisco– Ahead of its 2020 Annual General Meeting, taking place tomorrow, Citigroup has published an updated version of…
SMBC Misses Critical Opportunity to be a Climate Leader
SMBC’s New Climate Policy Falls Well Short of Mizuho’s All Eyes Now on Largest Bank MUFG Tokyo – Today, Japan’s third-largest bank – Sumitomo Mitsui Financial Group (SMBC Group, TYO:…
New Report Profiles Major Brands and Banks Driving Deforestation and Human Rights Abuses; Failing to Meet 2020 Commitments
Marks the launch of a new campaign by Rainforest Action Network ***Rainforest Action Network wants to acknowledge the extraordinary circumstances of this moment, given the terrible impacts of COVID-19 on…
The Bank You’ve Never Heard of That’s Bankrolling Deforestation AND the Climate Crisis
Around the world, our greatest protection against the climate crisis is going up in flames. Forests are our greatest line of defense against worsening climate chaos, but they’re being destroyed…
The Telegraph: HSBC has not cut its ties to deforestation despite pledge, say activists
“HSBC has been accused of continuing to fund firms linked to deforestation despite its pledge to sever ties with unethical palm oil producers years ago. The bank is “falling short” on…
Japan’s Megabanks Complicit in Destroying Critical Carbon Sinks & Fueling Illegality
New report examines Japanese bank financing of Indonesia’s devastating fires; tropical forest and peatland destruction; human rights abuses Tokyo – A new report published today by Rainforest Action Network (RAN)…
Environmental Groups Warn Banks Against Climate and Human Rights Implications of Underwriting Saudi Aramco Offering
For Immediate Release CONTACT: Ayşe Gürsöz, +1 (650) 391-6443, ayse@ran.org Saudi Aramco is quickly moving forward with plans to float up to three percent of the national oil company in…
Japan’s Largest Bank MUFG/Union Bank Protested Over Harmful Financing
Environmentalists call on MUFG to stop lending to Conflict Palm Oil, fossil fuel expansion ahead of annual shareholder meeting San Francisco, CA – Today, a group of activists protested outside…
Japan’s largest bank MUFG adopts new policies to protect forests and the climate, but controversies abound
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and the world’s fifth largest bank by assets, has just released an updated Environmental and Social Policy Framework that will govern…
Beyond China: A Look at Japanese Banks’ Addiction to Coal
This case study was written by Hana Heineken (RAN), Kimiko Hirata (KikoNet), Bernadette Maheandiran (Market Forces) and Shin Furuno (350.org Japan) for our latest bank report card, Banking on Climate…
