The Players Behind a New Wave of Deforestation in Borneo and Papua
A RAN and partner report exposing the shadowy connections between major Western brands and a new mill in Borneo that threatens 600,000 hectares of standing rainforest.
Search Results for: mitsubishi
Adani Group’s troubles are a warning against investment in fossil fuels
(This op-ed first appeared in South China Morning Post) The stock meltdown of Indian conglomerate Adani Group in the wake of the release of a report by short-seller Hindenburg Research…
Forestry giant Sinar Mas attempts to criminalize farm workers amidst COP26
As global leaders, activists, and Indigenous Peoples around the world gather for the UNFCCC Climate Conference in Glasgow, two farm workers were detained by Indonesian police in Jambi, Indonesia, for…
[OCT 2021 Update] Who’s banking the Coastal GasLink pipeline?
The short version In 2020, 27 banks from around the world took part in a CAD $6.8 billion (USD $4.8 billion) project finance loan to fund the construction of the…
Brands and Banks Continue to Fuel Fires Despite the Climate Crisis
As the headlines of Fall 2021 detail one climate disaster after another — increasing hurricanes in the Gulf of Mexico, deadly unprecedented floods in Germany, the hottest temperatures ever recorded…
We need to act as if our forests were on fire, because they are
It’s not an exaggeration to say that the world is on fire right now. We’re experiencing the hottest June on record in North America and in Africa, and massive fires…
Shareholders send MUFG a stark climate warning
June 29, 2021: June 29, 2021: At its AGM today in Tokyo, 23% of shareholders issued a major climate warning to Mitsubishi UFJ Financial Group (“MUFG”) management by voting in…
Forest Footprint Disclosure: A game-changer for Preventing Deforestation
As we approach the UN Climate Change Conference of the Parties (COP26) in Glasgow, it is clear that brands and banks must demonstrate that they understand the impacts of their…
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…
The data is in: Chase, Citi, and MUFG are hurling us all towards climate catastrophe
Our annual flagship report, Banking on Climate Chaos, has revealed that JPMorgan Chase is once again the top funder of fossil fuels since Paris, followed by Citi. MUFG earns a dishonorable mention for its funding of poisonous pipelines. Fortunately for them, we have a plan–and we’ll make sure our voices are heard.