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.

MUFG: No. 1 Asian banker of the climate crisis

Mitsubishi UFJ Financial Group (MUFG) –- the parent company of Union Bank in the U.S. — is Japan’s largest bank. It’s not only financing the construction of more coal plants…

Follow the Money Behind Deforestation

Banks are directly financing the fossil fuel industry and their dollars are also literally clear cutting the world’s rainforests for the production of palm oil, paper and pulp and soy. It’s a double whammy on the climate and a triple danger for Indigenous and frontline communities. That’s why RAN is ramping up the pressure on some of the world’s largest banks and financiers.

RAN protests MUFG Union Bank

The Money Behind the Big Business of Burning

Tropical forests do not burn by themselves — Big Agribusiness is setting the fires intentionally, as it’s the cheapest way to clear new land for palm oil, pulp and paper, soy, and beef. But they need the cash from the world’s mega banks and investors like fire needs oxygen — to defend our forests we need to defund the fires.

MUFG fails to commit to Paris alignment at 2020 AGM

ESG financing policy now weakest among Japanese megabanks Tokyo, Japan – Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, indicated at today’s annual shareholder meeting that it has no intention…

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…