Groups issue analysis of Chase’s newly released 2030 ‘carbon intensity’ targets as nationwide protests target top Chase decisionmakers NYC — At today’s JPMorgan Chase annual general meeting, CEO Jamie Dimon…
Press Releases
JPMorgan Chase 2030 Climate Targets a “Fig Leaf for Fossil Fuel Expansion,” says Rainforest Action Network
Today, JPMorgan Chase has released its 2030 climate targets, following on the bank’s October 2020 pledge to “align with the Paris Agreement.” JPMorgan Chase is the world’s largest banker of…
Major Brands and Banks Failing to Stop Deforestation and Human Rights Abuses, New Scorecard Finds
Procter & Gamble, Ferrero, and JPMorgan Chase among those that receive a ‘F” Score San Francisco, CA – Major multinational brands and banks are failing to stop deforestation and human…
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 power, forestry and palm…
RAN Statement on Guilty Verdict in Derek Chauvin Trial
Today’s jury ruling in the police murder of George Floyd is historic. It provides rare and desperately needed accountability for a grieving nation traumatized from relentless acts of police violence…
Liberty Mutual Ends Policyholder Meeting After Seven Minutes; New “Sustainability” Reports Fail to Address its Role in Climate Crisis and Human Rights Violations
Growing Movement Calls on Liberty to Stop Insuring Fossil Fuel Expansion and Respect Indigenous Rights Boston, MA (April 14, 2021) – Today, climate advocates and Indigenous leaders are incensed that insurance…
With Jamie Dimon’s annual letter, JPMorgan Chase continues to fail on climate
New York, NY — Today, JPMorgan Chase (JPMC) CEO Jamie Dimon released his influential annual letter to shareholders. In Dimon’s longest letter so far, a major focus is on how…
Six months after US import block against FGV, still no remediation for forced labor and workers report continued labor exploitation
Palm oil supplier to major brands including Procter & Gamble, Nestle, Mondelez, and Colgate-Palmolive slow to implement meaningful reforms Washington, D.C.— On March 31, 2021 the Fair Labor Association (FLA)…
Japan’s Largest Bank Targeted by Climate Resolution: Mitsubishi UFJ Financial Group told to align with Paris
TOKYO, Japan, March 29 2021: Japanese NGO Kiko Network, along with three individual investors, have just filed Japan’s second ever climate resolution on a Japanese financial institution, this time on…
New Report: World’s 60 Largest Banks Have Poured $3.8 Trillion Into Fossil Fuels Since Paris Agreement; Climate Groups Sound Alarm as Financing for Fossil Fuel Expansion Continues to Rise
Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016 *** Read report here: http://www.bankingonclimatechaos.org/ *** Released today, the 12th edition of the most…
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…