Showing posts with label MUFG BANK. Show all posts
Showing posts with label MUFG BANK. Show all posts

Friday, June 17, 2022

These brands got big fat Fs just in time for summer school

 


Ever wonder what happened to those kids in the back of the class who never pulled their weight? Bad news — they found work at some of the world’s biggest brands.

That’s right: Some of the world’s biggest brands are getting straight Fs on the environment and human rights — let’s tell them summer school’s in session.

The slackers at Procter & Gamble, Mondelēz, Nissin, JP Morgan & MUFG Bank are this year’s worst of the worst: Responsible for rainforest destruction, theft of Indigenous lands and violence against local and Indigenous communities. Even though they said they’d do better on paper last year — they clearly crumpled up their promises and threw them in the trash.

Like any good teacher, we won’t just give up on our worst students, we’re calling them back to class for the summer — and we won’t let them off the hook until they pass with flying colors.

So it’s time to ramp up the peer pressure: Despite their failures, these flunkies are listening to you, and they know they need to do better. We just need to keep these corporate misfits under pressure and in the spotlight — will you help us?

The truth is, we ALL depend on the world’s remaining rainforests to survive. That’s why we CAN’T allow for failure. Together, we’ll turn these corporations into A-students on rainforest protection.

In solidarty,

Daniel Carrillo
Forest Campaign Director
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.

  

425 Bush St, Suite 300, San Francisco, CA 94108, United States





Saturday, May 14, 2022

Deforestation = a world on fire

 

ANTONIO,

Where do your bank deposits go? Into your Chase Total Checking® account, until maybe you’re craving that vegan burrito or your favorite dessert.

So where else is your money going, when you’re not the one spending it? Unfortunately, you’re not going to like the answer: Destroying things.

That’s because big banks like Chase and MUFG use your dollars to profit from climate change by funding fossil fuels. But it’s worse than that: They use your dollars to attack our best line of climate defense, too: forests.

When Chase and MUFG fund companies connected to deforestation — to the tune of $7 billion over the last several years — they take away our best carbon-capture technology. Tropical forests mop up about one-third of all carbon emissions and keep the earth over 1° celsius cooler.

It’s simple really: Carbon pollution is a problem, and forests are a solution. And that means banks like Chase and MUFG are deepening our collective crisis on two fronts: Financing projects that spew carbon into the atmosphere, and tearing down the vibrant forests that protect us from the very carbon they’re releasing.

The good news, is that you recently helped us secure No Deforestation, No Peat, and No Exploitation (NDPE) commitments from Chase and MUFG. A huge victory, but those commitments contain loopholes that continue to promote deforestation.

That’s why we need to tell Chase and MUFG to do more to protect tropical forests NOW: Our climate depends on it.

The time has long passed to end the war on our planet. It’s time to call our dollars — and our power — back home.

In solidarity,

Tom Picken
Forests and Finance Campaign Director
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.

  

425 Bush St, Suite 300, San Francisco, CA 94108, United States




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.

  

425 Bush St, Suite 300, San Francisco, CA 94108, United States

 





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