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…
Rainforest Action Network Welcomes Nissin Foods Belated Palm Oil Policy Revision; Calls for a More Ambitious Timeline to Address Conflict Palm Oil Problem
RAN lauds ‘Step in the Right Direction’ but says noodle giant’s decade long delay in eliminating Conflict Palm Oil from instant noodles is unacceptable SAN FRANCISCO and TOKYO – In…
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…
Media Briefer: PepsiCo Adopts Comprehensive Shift in Approach to Palm Oil
MEDIA BRIEFER, February 25, 2020 Link to RAN’s press release: https://www.ran.org/press-releases/pepsico-adopts-comprehensive-shift-in-approach-to-palm-oil/ Link to PepsiCo’s policy: https://www.pepsico.com/docs/album/esg-topics-policies/global-policy-for-sustainable-palm-oil.pdf Link to PepsiCo’s commitments on Independent Verification, the Leuser Ecosystem, and Grievance Process: https://www.pepsico.com/sustainability/palm-oil…
Things You Need to Know About Citi’s Underwhelming Coal Policy
You may have missed it- but Citi has finally released their policy on funding coal power…and we’re pretty sure you won’t be shocked to know, it is underwhelming.
GUESS?, Inc. commits to rainforest-free fabrics
Big news! GUESS?, Inc. recently announced it will take action to end the risk of forest destruction and human rights abuses in its clothing. GUESS?, Inc. is the latest brand…
WestLB Takes A Brave Step In The Right Direction
This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Last month we got some promising news from WestLB, the German bank. They produced a new policy on…
New UBS Policy Fizzles
‘Tis the season for new bank environmental and social policies! Last Friday, UBS was the latest to announce an updated “Responsible Banking” policy. Let’s see how it stacks up. First…
RBC Takes Step Away From Tar Sands
It took nearly two years, but today Royal Bank of Canada (RBC) finally adopted environmental and social standards on its financing in the tar sands. Great! So what does that…
Greenwash And Cargill: Growing Together
Cargill just released their 2010 Corporate Responsibility Report, which provides an overview of Cargill’s amazing lackluster efforts to address supply chain issues including sourcing palm oil associated with rainforest destruction…