Insights
News
Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming
Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas Today, 24 organisations and civil society alliances based in 16… Read More
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MUFG Commits to Carbon Neutrality by 2050 but Punts Detailed Plan on Paris Alignment Shareholders Will Not Withdraw Climate Resolution
May 18, 2021 Kiko NetworkMarket ForcesRainforest Action Network350.org Japan On May 17, Mitsubishi UFJ Financial Group (“MUFG”) published the “MUFG Carbon Neutrality Declaration,” and… Read More
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Largest Swiss bank returns to Brazil and puts environmental commitment at risk
(blog in Portuguese) Read More
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Mizuho’s Revised Policy Tightens Approach to Climate Risk But Still Far from Meeting Paris Agreement Goals
Joint Press Release 350.org JapanKiko NetworkJACSESFoE JapanMekong WatchRainforest Action Network On May 13th, Japanese megabank Mizuho Financial Group (hereinafter Mizuho) announced revisions to its lending… Read More
News
Loopholes Remain in SMBC Group’s New Coal Policy Japan’s Megabank Still Not Aligned with the Paris Agreement
Today, Sumitomo Mitsui Financial Group (hereinafter SMBC Group) published a statement entitled “Reinforcing Efforts against Climate Change,”(1) announcing revisions to its coal-fired… Read More
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China Is World’s Second Largest Financier of Deforestation-Linked Commodities
New study finds significant risk associated with nearly 15 billion USD in loans and underwriting by Chinese financial institutions Chinese financial institutions are the world’s… Read More
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