The Money Behind the Big Business of Burning
Tropical forests do not burn by themselves — Big Agribusiness is setting the fires intentionally, as it’s the cheapest way to clear new land for palm oil, pulp and paper, soy, and beef. But they need the cash from the world’s mega banks and investors like fire needs oxygen — to defend our forests we need to defund the fires.
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…
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…
Forests
Rainforests are as essential to our survival as they are to the survival of our planet. They’re home to wildlife found nowhere else on Earth and provide livelihoods for millions of people. But massive corporations are making huge profits off of tropical deforestation and the terrible human rights violations that come with it.
Nippon Paper Group Put On Notice: Bushfires Change Everything
Forty-one environmental groups have today written to Japan’s Nippon Paper Group, which owns the Opal Australian Paper mill in Maryvale, Victoria, Australia, detailing concerns around the company’s Australian supply chain. The…
MUFG fails to commit to Paris alignment at 2020 AGM
ESG financing policy now weakest among Japanese megabanks Tokyo, Japan – Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, indicated at today’s annual shareholder meeting that it has no intention…
International Business Time: Climate Change News: Amid Pandemic, Japan’s Megabanks Must Lead On Sustainability
“The path out of the current COVID-19 pandemic is still shifting, with long-term economic recovery perhaps even harder to predict. Massive amounts of money will be spent in the coming…
MUFG Falls Behind Peers in New ESG Finance Policy Announcement
MUFG’s policy revisions “disappointing,” says Rainforest Action Network Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG), released a revised Environmental, Social and Governance (ESG) financing policy today, but fell short…
Japan’s 2nd Largest Bank – Mizuho – Announces Strictest ESG Policies To Date In Japan
Strengthens protections for climate & forests, setting new benchmark for Japanese banks San Francisco – Today, Mizuho Financial Group (8411:Tokyo) –– Japan’s 2nd largest bank and a prominent financier of…
Time: Want to Stop the Next Pandemic? Start Protecting Wildlife Habitats
“Despite years of creative and resource-intensive work by governments and nonprofits, companies’ actions to mitigate habitat loss aren’t adding up. Many large companies have pledged to halt deforestation, the largest driver of…