Following years of campaigning against world’s largest banker of climate chaos, Rainforest Action Network responds to news of company’s Paris Alignment commitment SAN FRANCISCO, CA — In response to the news of JPMorgan Chase’s announcement that it will align with the Paris Climate Agreement, Rainforest Action Network’s climate and energy program director, Paddy McCully, issued […]
The Forests & Finance Blog
Jakarta, 6 October 2020. The passing of the Job Creation or Omnibus Bill into law on 5 October 2020 is once again put to the test. The Job Creation Bill, rife with the interest of investors and large corporates to control the lives of many, is believed to bring about a catastrophe for people and […]
by Karen Vermeer, Environmental Paper Network Agriculture and cattle ranching are the notorious drivers of deforestation in the Brazilian Amazon. But the cattle and soy industry are only one side of the coin, with pulp & paper companies refusing to carry the blame because they do not directly burn the land – other industries do […]
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 stated goals. Twenty PRB banks alone are responsible for over US$1.2 trillion in loans and underwriting to fossil fuels from 2016-2019 and are among the […]
by André Campos – Repórter Brasil, Piero Locatelli – Repórter Brasil on 16 September 2020 Increasing deforestation in the Amazon in 2020 has prompted banks and funds to promise changes in investments that affect the region. Nordea, the largest asset management company in the Nordic countries, announced the withdrawal of all its investments from JBS, […]
Royal Golden Eagle Group Links Global Brands and Financiers to Deforestation In the Leuser Ecosystem
RGE palm oil arm APICAL caught sourcing from notorious forest destroyer Rainforest Action Network (RAN) field investigators have uncovered connections between major brands and banks, including Colgate-Palmolive, Nestlé, Mondelēz, Unilever, Kao and Japanese megabank MUFG as well as Dutch bank ABN AMRO and Chinese bank ICBC and the destruction of critical habitat of Sumatran elephants […]
The mega bank is the world’s biggest fossil fuel funder — its track record on deforestation is not much better posted by Hana Heineken We all know JPMorgan Chase is the largest funder of fossil fuels, and is the leading banker of climate chaos, by a long shot. But did you know that Chase’s reckless […]
Rainforests face unprecedented fires, yet BlackRock, State Street and Vanguard have consistently voted in favor of deforestation, finds new Friends of the Earth Report. WASHINGTON — As rainforests across the tropics face another year of devastating fires, a new report from Friends of the Earth shows that largest U.S. asset managers, BlackRock, State Street and […]
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. San Francisco –– New analysis reveals that International brands and banks play a critical role in fueling the annual fire and haze crisis in Indonesia […]
by André Campos – Repórter Brasil, Piero Locatelli – Repórter Brasil on 9 September 2020 In July, a major policy to combat global warming was announced by BlackRock, the world’s largest investment fund manager. The company said it would take concrete action against at least 53 companies for their inaction regarding global warming and place […]