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.
Chinese Food Giant Cofco Exposed for Destruction in Leuser Ecosystem
Illegal deforestation persists in Orangutan Capital of the World despite commitments to restore Rawa Singkil peatlands A recent investigation by investigative outlet Repórter Brasil, produced in partnership with the Pulitzer…
Days ahead of COP27, Unilever sets the model for forest positive landscape programs in the palm oil sector
RAN welcomes landscape-level action but says Unilever must put out the “carbon bombs” in its supply chain Days ahead of COP27, Unilever recently published its “Reimagining Landscapes” report which showcases…
Unilever Discloses Impact of Palm Oil Supply Chain on Forests and Communities
Rainforest Action Network calls on Ferrero, Procter & Gamble, and Mondeléz to follow suit in urgent response to climate, human rights crises Today international consumer goods giant Unilever — maker…
Cargill, Nestlé resumed palm oil sourcing in Guatemala despite legacy of violence and intimidation, advocates find
Washington DC – Cargill and Nestlé have resumed business with Guatemalan palm oil supplier REPSA (Reforestadora de Palma S.A.), whose links to corruption, bribery, violence, and intimidation forced the multinational…
Major Brands and Banks Failing to Stop Deforestation and Human Rights Abuses, New Scorecard Finds
Procter & Gamble, Ferrero, and JPMorgan Chase among those that receive a ‘F” Score San Francisco, CA – Major multinational brands and banks are failing to stop deforestation and human…
RAN Applauds Unilever’s New Wide-Sweeping Commodity Policy
Today, Unilever –– the largest producer of soap in the world and owner of over 400 brands including Dove, Lipton Tea, and Ben & Jerry’s Ice Cream –– released a…
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….
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…
The Guardian: How Unilever was left off George Monbiot’s list of palm oil ‘laggards’
“George Monbiot is an award-winning columnist who is not afraid to challenge vested interests. His 30 October column, headlined “Indonesia is burning. So why is the world looking away?”, has…
