Citigroup announced 2030 targets to reach its commitment to net-zero financed emissions by 2050. The plan includes commitments to reduce absolute financed emissions from the energy and power sectors by specific percentages.
Press Releases
Goldman Sachs Becomes the Latest US Bank to Set 2030 Emissions Targets Without Ruling Out Fossil Fuel Expansion or Committing to Absolute Emissions Reductions
Contacts: Christopher Herrera, christopher@ran.org Gabby Brown, gabby.brown@sierraclub.org New York, NY – Today, Goldman Sachs became the third major U.S. bank to set 2030 emissions reduction targets under its commitment to…
Statement on Investor Resolutions to Stop Wall Street Funding for Fossil Fuel Expansion
Investors Call on Wall Street Banks to Stop Financing Expanded Fossil Extraction A group of investors coordinated by the Interfaith Center on Corporate Responsibility (ICCR) today announced a slate of…
Statement From Rainforest Action Network In Solidarity With Wet’suwet’en Leadership
Outrageous continued human rights abuses on Wet’suwet’en traditional territory, in the name of corporate profits have to stop. Rainforest Action Network stands in solidarity with the Wet’suwet’en hereditary chiefs in…
Morgan Stanley Sets 2030 Emissions Targets, But Fails to Rule Out Financing for Fossil Fuel Expansion
Morgan Stanley’s targets sidestep the IEA’s key finding that net zero means no fossil fuel expansion. It’s past time for intensity-only targets. We need absolute emissions cuts and clear client criteria: no support for companies expanding fossil fuels and a clear date for requiring clients to exit the sector.
Guerilla Advertising Campaign Takes Aim at Liberty Mutual’s Fossil Fuel Business
Boston-Based Insurance Giant Liberty Mutual is a Top Global Insurer of Oil and Gas Boston, MA (October 28) – As world leaders prepare to address the climate crisis in Glasgow…
BREAKING: “CODE RED!” Activists Unfurl Massive Banner at NYC UN HQ to Demand Real Climate Action Ahead of Glasgow Climate Summit
70 foot wide call-to-action banner deployed across four lanes of Manhattan traffic highlights critical stakes for humanity as nations gather for most important climate talks since Paris *High resolution photos…
Multinational Consumer Brands Procter & Gamble, Ferrero, Mondelez and Others Failing To Disclose Full Impact on Forests, Human Rights
New report evaluates ten of some of the largest consumer goods companies on their full impact on forests and communities in Indonesian Borneo San Francisco, CA – Amidst announcements from…
Axis Capital Becomes First North American Insurer to Commit to Phase Out Coal Business
New climate policy from AXIS Capital increases pressure on U.S. insurers to follow suit October 20, 2021 – Today, insurer AXIS Capital (NYSE: AXS) announced new policy measures restricting insurance…
JPMorgan Chase, World’s Biggest Funder of Fossil Fuels, Announces Net-Zero Emissions Pledge
Today, JPMorgan Chase announced a pledge to reach net-zero emissions from its lending and investment portfolios by 2050, and that it will join the Net Zero Banking Alliance (NZBA). In…
Recent Media
Market Watch: Surprising investor rebellion at Procter & Gamble over toilet paper’s forest impact
“Two-thirds of Procter & Gamble’s shareholders this week defied the company’s own recommendations, upping the pressure on the consumer-goods giant to reduce sourcing virgin timber for its Charmin toilet paper,…
Reuters: ANALYSIS-Can global brands avoid ‘greenwash’ with new forest-saving plan?
“”We’ve seen ten years of inaction, half-measures and greenwashing from the CGF, while human rights defenders and frontline communities have been putting their lives on the line to defend forests,”…
Mongabay: $154b in capital has gone to 300 forest-risk companies since the Paris Agreement
“Since the Paris climate agreement was signed in 2016, 300 companies at risk for contributing to deforestation have received at least $153.9 billion in financing, according to a new analysis by…
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 Japan’s 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
““MUFG’s 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,”…
South China Morning Post: Tokyo 2020 ‘fake sustainability’: 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 today’s 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, companies’ actions to mitigate habitat loss aren’t 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…