In-depth investigation reveals RGE palm oil arm APICAL sourcing from notorious forest destroyer Rainforest Action Network (RAN) investigators have uncovered connections between major brands and banks, including Colgate-Palmolive, NestlĂ©, MondelÄz,…
Press Releases
PRB banks responsible for over US$1.25 trillion in climate-destructive financing since Paris Agreement
San Francisco, CA – As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banksâ financing shows that PRB banks are far from their…
Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals
‘Paris Principlesâ document lays out steps needed to transform finance commitments into action The worldâs biggest banks, insurers and money managers are under pressure from the public, politicians and their…
International Brands and Banks Financing Conglomerate with Largest Connection to Indonesiaâs Annual Fires and Haze Crisis, Analysis Reveals
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….
Activists Organize to End Big Business of Burning as Arson in Brazil and Indonesia Destroy Rainforests
Environmental NGOs and climate activists host Fires Week of Action targeting major brands and financiers as the world’s most vital rainforests are intentionally burned for profit What: Week of direct…
Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows
First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires Explore the full Briefer here. San Francisco â Amid a tropical forest fire season that is…
Major Global Brands and Banks Complicit in Production of Conflict Palm Oil on Stolen Community Lands in Indonesia
NestlĂ©, Mars, MondelÄz, Unilever, and Dutch bank ABN AMRO found in violation of their own policies against human rights abuses *Publishable images from field and supply chain investigations available on…
Rainforest Action Network Welcomes Nissin Foods Belated Palm Oil Policy Revision; Calls for a More Ambitious Timeline to Address Conflict Palm Oil Problem
RAN lauds âStep in the Right Directionâ but says noodle giantâs decade long delay in eliminating Conflict Palm Oil from instant noodles is unacceptable SAN FRANCISCO and TOKYO – In…
Citi Becomes Second Wall Street Bank to Join Carbon Accountability Initiative; RAN Responds
In response to the announcement of Citiâs five-year 2025 Sustainable Progress Strategy, including joining the Partnership for Carbon Accounting Financials (PCAF), Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy…
RAN Responds to Morgan Stanley joining Partnership for Carbon Accounting Financials
In response to news that Morgan Stanley is joining the Partnership for Carbon Accounting Financials, Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy Senior Campaigner, said: “Todayâs move is…
Recent Media
Impact Alpha: Fires worldwide renew attention on the brands and banks driving deforestation
“âOur store shelves are lined with products made at the expense of rainforests and human rights, and banks are using our money to invest in this destruction,â Rainforest Action Network…
Guardian: Environment groups urge Nippon Paper to scrap Victorian timber from supply chain
In a letter to the Japanese company, activists call for rapid transition to products sourced from plantations and recycled fibre More than 40 environment groups have called on Japanâs Nippon…
International Business Time: Climate Change News: Amid Pandemic, Japan’s Megabanks Must Lead On Sustainability
“The path out of the current COVID-19 pandemic is still shifting, with long-term economic recovery perhaps even harder to predict. Massive amounts of money will be spent in the coming…
Reuters: MUFG puts oil sands, Arctic drilling on ‘restricted transactions’ list
“âMUFGâs recognition of tar sands and Arctic oil & gas as high risk sectors deserve some credit, but the newly adopted policies fail to establish clear no-go zones for financing,â…
South China Morning Post: Tokyo 2020 âfake sustainabilityâ: new Olympics report attracts heat from orangutan and rainforest activists
“US-based Rainforest Action Nethawork (RAN) was one of more than 40 NGOs calling on the IOC in 2016 to demand organisers refrain from sourcing wood from endangered tropical forests in…
Mongabay: Celebrating the 50th Earth Day amidst a global pandemic
“On todayâs episode of the Mongabay Newscast we discuss what it means to be celebrating the 50th Earth Day amidst the coronavirus pandemic. How have Earth Day celebrations changed in…
Time: Want to Stop the Next Pandemic? Start Protecting Wildlife Habitats
“Despite years of creative and resource-intensive work by governments and nonprofits, companiesâ actions to mitigate habitat loss arenât adding up. Many large companies have pledged to halt deforestation, the largest driver of…
Reuters: PepsiCo adopts stricter, greener rules for palm oil in products
“Under PepsiCo’s new policy, the major international buyer of palm oil has strengthened its commitments to protect, restore and monitor forests and peatlands. It has pledged not to purchase palm…
International Business Times: OpEd – For Forest Survival, Corporations Are Accountable To Uphold Indigenous Land Rights
“As climate change deepens, forests ââ those lush, abundant, mysterious stands of trees that for millennia have quietly produced the air we breathe and the water we drink ââ have…
The Telegraph: HSBC has not cut its ties to deforestation despite pledge, say activists
“HSBC has been accused of continuing to fund firms linked to deforestation despite its pledge to sever ties with unethical palm oil producers years ago. The bank is âfalling shortâ on…