World’s worst funder of climate change faces multiple shareholder resolutions, grassroots pressure.
May 18, 2020
May 13, 2020
MUFG Falls Behind Peers in New ESG Finance Policy Announcement
MUFG’s policy revisions “disappointing,” says Rainforest Action Network Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG), released a revised Environmental, Social and Governance (ESG) financing policy today, but fell short…
April 23, 2020
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone. The next steps are ending funding for expansion of fossil fuels and committing to phasing out all fossil finance.
April 20, 2020
Citigroup Announces New Coal Policy; Climate Advocates Respond
Rainforest Action Network, Indigenous Environmental Network and Amazon Watch issue statements San Francisco– Ahead of its 2020 Annual General Meeting, taking place tomorrow, Citigroup has published an updated version of…
April 20, 2020
SMBC Misses Critical Opportunity to be a Climate Leader
SMBC’s New Climate Policy Falls Well Short of Mizuho’s All Eyes Now on Largest Bank MUFG Tokyo – Today, Japan’s third-largest bank – Sumitomo Mitsui Financial Group (SMBC Group, TYO:…
April 16, 2020
29 Nobel Laureates Condemn Chevron Pollution in Ecuador and Demand Freedom for Human Rights Lawyer Steven Donziger
Alec Baldwin, Roger Waters, and other activists join Nobel laureates in their demand that Chevron clean up its pollution, pay court-ordered compensation, and cease the persecution of Donziger, who has…
April 16, 2020
Japan’s Third Largest Bank – SMBC Group – In Discussions To Finance New Coal Export Terminal in California Amidst Pledge to Quit Coal Power
Contact: Laurel Sutherlin, Rainforest Action Network, (415) 246-0161 laurel@ran.org Margaret Rossoff, No Coal in Oakland, (510) 459-6054 margaretmft@gmail.com Oakland, CA — Today, Sumitomo Mitsui Financial Group (SMBC Group) announced…
April 15, 2020
Japan’s 2nd Largest Bank – Mizuho – Announces Strictest ESG Policies To Date In Japan
Strengthens protections for climate & forests, setting new benchmark for Japanese banks San Francisco – Today, Mizuho Financial Group (8411:Tokyo) –– Japan’s 2nd largest bank and a prominent financier of…
April 8, 2020
Liberty Mutual Faces Pressure to Exit Tar Sands from Policyholders, Climate and Indigenous Rights Groups
Broad coalition pledges to ramp up the campaign on Liberty Mutual following inaction at the company’s annual policyholder meeting April 8, 2020 – Today, at its annual policyholder meeting, Liberty…
April 7, 2020
Liberty Mutual Policyholders Demand Action on Tar Sands and Indigenous Rights
Customers expect answers from Liberty Mutual at policyholder meeting on April 8 April 7, 2020 – Liberty Mutual’s role in the fossil fuel industry is coming under increasing scrutiny. In…