Who’s Funding Forest Destruction?

Posted August 26, 2020 in Issues

Half the people in the world have bank accounts — but what are the banks doing with all that cash? Banks have been financing fossil fuels for decades, but most people don’t realize that they’re also bankrolling forest destruction. Their dollars are literally fueling the clear cutting of the world’s rainforests for palm oil, pulp and paper, soy and beef. That’s why we must stop the funding of forest destruction.

Keep Forests Standing
Campaign Launch!

Posted March 31, 2020 in The Understory

Today, we’re putting 17 brands and banks on notice: end deforestation and the expansion of logging and industrial agriculture into the last tropical rainforests of Indonesia, the Amazon, and the Congo Basin, in particular areas traditionally owned and managed by Indigenous Peoples and local communities…NOW.

We must keep forests standing, uphold rights and protect the climate

Posted February 12, 2020 in The Understory

Here we are in a new year and 2020 requires bold action from all of us. We must keep forests intact and standing. We must uphold the rights of frontline and Indigenous communities as they face the most immediate harm. We must draw a line in the sand: not another forest cleared.

130 Banks Just Launched the Principles for Responsible Banking: Will Banks Finally Change for the Better?

Posted October 9, 2019 in The Understory

130 banks including Citi and MUFG (parent of Union Bank) just committed to align their financing with the Paris Climate Agreement and the Sustainable Development Goals. Wow. Does that mean they are going to totally transform their financing for the better and stop financing deforestation, fossil fuels, and human rights violations? If not, this is going to be just one more greenwashing exercise…

Action in front of the BNP Paribas New York branch where the Principles for Responsible Banking sessions were held (September 23, 2019)