PRB banks responsible for over US$1.25 trillion in climate-destructive financing since Paris Agreement
San Francisco, CA – As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banks’ financing shows that PRB banks are far from their…
Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows
First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires Explore the full Briefer here. San Francisco — Amid a tropical forest fire season that is…
Who’s banking the Keystone XL pipeline?
May 2020 update JPMorgan Chase remains the primary banker of the controversial Keystone XL tar sands pipeline through its support for TC Energy, the company behind the project. It’s followed…
Citigroup Announces New Coal Policy; Climate Advocates Respond
Rainforest Action Network, Indigenous Environmental Network and Amazon Watch issue statements San Francisco– Ahead of its 2020 Annual General Meeting, taking place tomorrow, Citigroup has published an updated version of…
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:…
Japan’s Third Largest Bank – SMBC Group – In Discussions To Finance New Coal Export Terminal in California Amidst Pledge to Quit Coal Power
Contact: Laurel Sutherlin, Rainforest Action Network, (415) 246-0161 laurel@ran.org Margaret Rossoff, No Coal in Oakland, (510) 459-6054 margaretmft@gmail.com Oakland, CA — Today, Sumitomo Mitsui Financial Group (SMBC Group) announced…
Japan’s 2nd Largest Bank – Mizuho – Announces Strictest ESG Policies To Date In Japan
Strengthens protections for climate & forests, setting new benchmark for Japanese banks San Francisco – Today, Mizuho Financial Group (8411:Tokyo) –– Japan’s 2nd largest bank and a prominent financier of…
Fighting Tar Sands Expansion
This case study was written by Tara Houska (Honor the Earth) and Jason Disterhoft (RAN) for our latest bank report card, Banking on Climate Change: Fossil Fuel Finance Report Card…
RWE Plans Destruction of Ancient German Forest
This case study was written Greig Aitken (BankTrack) and Kuba Gogolewski (Foundation Development YES – Open-Pit Mines NO) for our latest bank report card, Banking on Climate Change: Fossil Fuel…
Arctic National Wildlife Refuge Under Threat
This case study was written by Bernadette Demientieff (Gwich’in Steering Committee), Ben Cushing, Gabby Brown, and Cara Bottorff (Sierra Club) for our latest bank report card, Banking on Climate Change:…
