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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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Bancos injetam mais de US$ 6 milhões nos frigoríficos que mais infringiram compromissos ambientais no Pará
Itaú, BNDES, Banco do Brasil e Safra realizaram operações de financiamento junto aos frigoríficos Ribeiro, Frigol, Fortefrigo e Masterboi, que compraram cerca de 78 mil… 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