PRB banks responsible for over US$1.25 trillion in climate-destructive financing since Paris Agreement
San Francisco, CA – As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banks’ financing shows that PRB banks are far from their…
Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals
‘Paris Principles’ document lays out steps needed to transform finance commitments into action The world’s biggest banks, insurers and money managers are under pressure from the public, politicians and their…
International Brands and Banks Financing Conglomerate with Largest Connection to Indonesia’s Annual Fires and Haze Crisis, Analysis Reveals
The conglomerate Sinar Mas Group also received the most financing of any company in the forest-risk commodity sector, receiving USD 20 billion in credit (2015-Q120) FULL MEDIA BRIEFER AVAILABLE HERE….
Mongabay: $154b in capital has gone to 300 forest-risk companies since the Paris Agreement
“Since the Paris climate agreement was signed in 2016, 300 companies at risk for contributing to deforestation have received at least $153.9 billion in financing, according to a new analysis by…
Activists Organize to End Big Business of Burning as Arson in Brazil and Indonesia Destroy Rainforests
Environmental NGOs and climate activists host Fires Week of Action targeting major brands and financiers as the world’s most vital rainforests are intentionally burned for profit What: Week of direct…
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…
Rainforest Action Network Welcomes Nissin Foods Belated Palm Oil Policy Revision; Calls for a More Ambitious Timeline to Address Conflict Palm Oil Problem
RAN lauds ‘Step in the Right Direction’ but says noodle giant’s decade long delay in eliminating Conflict Palm Oil from instant noodles is unacceptable SAN FRANCISCO and TOKYO – In…
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…