Read the briefing: Banks: High Carbon, Hidden Risk
Big banks are pumping billions of dollars every year into extreme fossil fuels and deforestation. The largest investors in these banks, such as Vanguard, Blackrock, State Street and Japan’s Government Investment Pension Fund, continue to ignore their role in financing climate change, habitat destruction and human rights abuses. These and other investment funds that manage the retirement savings of hundreds of millions of people are signatory to the United Nations Principles for Responsible Investment (UNPRI) – a global initiative committing members to responsible investment. The members are not keeping their promises.
Demand UNPRI members adopt truly responsible investment policies. These policies must prioritise climate, forest and human rights protections, and be applied to their direct investments as well as their investments through banks.
Sign the petition to UNPRI’s head, Fiona Reynolds: We demand that UNPRI members put their principles into practice.
The Tokyo 2020 Olympic authorities promised to host one of the greenest Olympic games in history. Shockingly, RAN and our allies found them using significant volumes of rainforest wood to build their new National Olympic Stadium. The timber is from a supplier that has a well documented history of rainforest destruction, illegal logging and human rights abuses.
Earlier this month, RAN and dozens of allied organizations delivered an open letter to the International Olympic Committee (IOC) and the Tokyo Olympic authorities demanding an end to the use of rainforest wood to construct the Tokyo Olympic facilities. So far, they’ve denied the risks in their sourcing practices and failed to adopt stronger safeguards to protect rainforests and respect human rights.
That’s why we need your voice now. We need a public outcry to break through to the Olympic authorities to let them know the reputation and credibility of the iconic Olympic games are at stake. By taking action now, we can help prevent further use of rainforest wood and make sure the Olympics adopts strong safeguards on rainforests and human rights.