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.
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…
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…
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…
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,”…
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:…
The Bank You’ve Never Heard of That’s Bankrolling Deforestation AND the Climate Crisis
Around the world, our greatest protection against the climate crisis is going up in flames. Forests are our greatest line of defense against worsening climate chaos, but they’re being destroyed…
