Thursday, May 12, 2022

Noodles, seasoning, and oil — who’s bringing the pain and suffering?

 


The world’s biggest instant noodle company exploits workers and destroys rainforests — why is MUFG Bank financing them?

Allow me to introduce the problematic duo stalking the aisles of your favorite grocery store: Indofood and MUFG Bank.

MUFG is a global financial powerhouse from Japan and one of the world’s biggest financiers of climate change and Conflict Palm Oil.

It’s no wonder they’ve loaned over a quarter-billion dollars in the last five years to one of the biggest predators in Indonesia’s forests: Indofood.

Indofood operates palm oil plantations in Indonesia with a combined land area about the size of Delaware.

This Fiefdom of Misery has it all: A contract labor scheme that inflicts maximum poverty, union busting, exposure of workers to toxic chemicals, and clearing of intact rainforests.

Big brands know about Indofood — and stay away. Citigroup, Standard Chartered, PepsiCo, and eco-label the Roundtable on Sustainable Palm Oil (RSPO) all say Indofood is too hot to handle. MUFG has stuck around, despite a recent pledge to clean up their palm oil investments.

That's why we must tell MUFG: The time has long passed to drop Indofood.

How else can we even begin to take their pledges seriously?

In solidarity,

Toyoyuki Kawakami
Japan Representative
Rainforest Action Network

 

 

 

 

At RAN, we take the “Network” in our name seriously. It is only through your support that we are able to fund major campaigns for the forests, their inhabitants and the natural systems that sustain life. Please consider joining RAN as a Member by making a gift today.

  

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