Why are banks and investors still funding Indofood?
This month, 10 banks committed another $2.1 billion in loans to Indonesian noodle giant, Indofood CBP Sukses Makmur – whose instant noodles rely on Conflict Palm Oil produced by its…
APRIL’s Links with Supplier in Borneo Undercut “No Deforestation” Pledge
KPMG “assurance” reports called into question by new findings Jakarta, Indonesia: Today a coalition of civil society organizations published a report about deforestation and peatlands degradation on the rainforest-rich island…
Fire Season: An Annual Emergency
Fire season grows longer and deadlier every year, and it’s proving to be an annual emergency. The climate crisis is here. So why are corporations intentionally burning tropical rainforests? We’re calling out the banks, brands and businesses driving this destruction.
Chase’s Big Rainforest Problem
We all know JPMorgan Chase is the largest funder of fossil fuels, and is the leading banker of climate chaos, by a long shot. But did you know that Chase’s…
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.
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…
Rigged Games
The Tokyo 2020 Olympics and its corruption scandals are directly tied to rainforest destruction: The Games’ timber supplier Korindo was “allegedly engaged in questionable deals” as they bought up rainforests in Indonesia to harvest timber and develop palm oil plantations. But to date, the Tokyo 2020 organizers have failed to disclose how much Korindo wood they used, rejected six complaints we brought against them over their use of Korindo wood, and only partially disclosed where the wood was sourced from.
Media Briefer: PepsiCo Adopts Comprehensive Shift in Approach to Palm Oil
MEDIA BRIEFER, February 25, 2020 Link to RAN’s press release: https://www.ran.org/press-releases/pepsico-adopts-comprehensive-shift-in-approach-to-palm-oil/ Link to PepsiCo’s policy: https://www.pepsico.com/docs/album/esg-topics-policies/global-policy-for-sustainable-palm-oil.pdf Link to PepsiCo’s commitments on Independent Verification, the Leuser Ecosystem, and Grievance Process: https://www.pepsico.com/sustainability/palm-oil…
International Business Times: OpEd – For Forest Survival, Corporations Are Accountable To Uphold Indigenous Land Rights
“As climate change deepens, forests –– those lush, abundant, mysterious stands of trees that for millennia have quietly produced the air we breathe and the water we drink –– have…
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…