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Join us to find out more about the new Forests & Finance website and its features, the new extended policy assessments of 50+ financial… Read More
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World’s 50 Largest Banks and Investors Driving Deforestation Through Weak Policies and Major Investments, New Study Finds
Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring The world’s 50 largest banks and investors are driving deforestation… Read More
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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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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
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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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Major Brands and Banks Failing to Stop Deforestation and Human Rights Abuses, New Scorecard Finds
JPMorgan Chase, BNI and MUFG among those that receive a ‘F” Score San Francisco, CA – Major multinational brands and banks are failing to stop… Read More
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Japan’s largest bank MUFG tightens coal power and forest sector policies – but far from aligned with Paris Agreement
Today, Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG) (TYO: 8306) announced a revision of its Environmental and Social Policy Framework (1) policy for the coal-fired… Read More
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Civil Society Coalition Demands Bank MUFG and Danamon to Take Responsibility for Forest Destruction, Climate Crisis, and Human Rights Abuses in Indonesia.
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. Read More