Royal Golden Eagle Group Receives Billions in Sustainability Loans Amid Ongoing Links to Deforestation Across its Business
Royal Golden Eagle has received $4.25 billion in “sustainability linked loans” since 2021, with Japanese megabank Mitsubishi UFJ Financial Group (MUFG) playing a key role. This green finance purports to incentivize “zero tolerance for deforestation” and “radical traceability and transparency,” among other headline goals, but regulators have expressed concerns around greenwashing.
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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…