New Evidence Questions the Credibility of Multi-billion Dollar “Sustainable Finance” Deals Arranged by Japanese Megabank MUFG
As Billions in finance have flowed to the Royal Golden Eagle Group, deforestation connected to the giant conglomerate continued August 27, 2024 – San Francisco, CA – Today, Rainforest Action…
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.
Investors Increase Pressure on Japanese Companies to Take Urgent Climate Action
Market Forces Kiko Network FoE Japan Rainforest Action Network Japan’s largest banks and power companies have faced a record number of shareholders backing proposals calling for greater action and transparency…
Follow the Money Behind Deforestation
Banks are directly financing the fossil fuel industry and their dollars are also literally clear cutting the world’s rainforests for the production of palm oil, paper and pulp and soy. It’s a double whammy on the climate and a triple danger for Indigenous and frontline communities. That’s why RAN is ramping up the pressure on some of the world’s largest banks and financiers.
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…