Bank Danamon is a MUFG subsidiary that is granted an exception in complying with MUFG’s latest palm oil and forestry policies, undermining the quality of its Annual Sustainability Report and Sustainable Finance Action Plan. Today, a coalition of civil society organisations conducted a protest in front of the office of Mitsubishi UFJ Financial Group (MUFG), […]
The Forests & Finance Blog
Just a few days ago, Japanese NGO Kiko Network, with the support of Rainforest Action Network (RAN), 350.org Japan, and Market Forces, filed Japan’s second ever climate resolution on a Japanese financial institution. Kiko Network targeted Mizuho Financial Group in 2020 and received 34% of shareholder support. This time, the target is Japan’s largest bank, […]
BlackRock has yet to produce concrete policy addressing land rights, deforestation, and human rights abuses in its portfolios Today, over 80 renowned Indigenous and frontline activists from around the world issued a public letter criticizing BlackRock’s role in violating the land rights and human rights of Indigenous peoples and other traditional communities. The signatories, including […]
Last week BNP Paribas announced a new policy to fight deforestation in the Amazon and the Cerrado. In the press release, it committed to no longer finance customers producing or buying beef or soybeans from land cleared or converted after 2008 in the Amazon. It will also “encourage” its clients not to produce or buy […]
Close to 50 NGOs called on MUFG and the other Japanese megabanks to urgently align their financing with the Paris Climate Agreement. The letters were sent to the CEOs and Board members of MUFG, SMBC and Mizuho. Below is the letter that was sent to MUFG. Hironori Kamezawa, President/CEO Board of Directors Mitsubishi UFJ […]
By Marília Monteiro – BankTrack and Merel van der Mark – Rainforest Action Network In Brazil, the world’s leading cause of deforestation, the beef industry, is thriving. Financial backing from major global banks – and the government itself – for irresponsible beef companies like JBS is contributing to the sector’s increasing impacts. JBS S.A. is […]
by Fernanda Wenzel, Naira Hofmeister, Pedro Papini Originally published by ((o))oeco in Portuguese and by Mongabay in English Two pension funds in the Netherlands and one from Japan have invested a combined half a billion dollars in Brazil’s top three meatpackers. These investments in cattle ranching, an industry that’s the main driver of Amazon deforestation, […]
By Daniel Camargos, Mariana Della Barba, Diego Junqueira, Daniela Penha, Gisele Lobato, Maria Fernanda Ribeiro, Joana Suarez and Pedro Sibahi (Repórter Brasil) After one year, 61% of murder investigations in Brazil’s rural areas have yet to be concluded and nobody has been convicted Special report “Measured grave”, published by Repórter Brasil, provides an unprecedented x-ray […]
by Change Finance Change Finance, the network of non-profit organisations and activists that campaign for reforms of the financial sector, alongside 52 organisations has sent an open letter to the European Commission and Mairead McGuinness, the EU finance Commissioner, requesting that the upcoming Renewed Sustainable Finance Strategy includes an ambitious agenda for creating an EU […]
These are attacks on the freedom of the media and on freedom of speech; the organization will not respond to any attempt at illegal constraint By Repórter Brasil Repórter Brasil has been the target of a series of attacks in the last few days that managed to remove its website (reporterbrasil.org.br) from the air. Attackers […]