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…
Mongabay: Asian banks give billions to firms linked to deforestation, study finds
“Industries that cause the loss of rainforest and peatlands in Southeast Asia were bankrolled to the tune of $62 billion between 2013 and 2018, according to new data released by…
MEDIA ADVISORY: Indigenous, Environmental, and Climate Justice Groups Rally Outside Equator Principles Meeting, Demand Stronger Commitments
Indigenous, Environmental, and Climate Justice Groups Rally Outside Equator Principles Meeting, Demand Stronger Commitments Despite global standards, world’s biggest banks continue to fund environmentally damaging projects that disregard Indigenous communities’…
Summary Briefing for Investors, Banks and Regulators in Japan
This is a summary briefing of the 2018 edition of Banking on Climate Change, the ninth annual fossil fuel finance report card, which grades 36 commercial banks from Australia, Canada,…
