'Serious compliance breach': Japanese bank MUFG accused of financing palm oil operations linked to 'vast greenhouse gas emissions'

clock • 6 min read
Credit: iStock
Image:

Credit: iStock

EXCLUSIVE: Analysis by Rainforest Action Network alleges connection between MUFG and oil palm group that has been 'repeatedly linked' to fires and breaches of environmental regulations

Japanese bank Mitsubishi UFJ Financial Group (MUFG) has been called out by the Rainforest Action Network (RAN) for providing $281m in finance to an oil palm group operating in Indonesia that has been accused...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Supply chain

How mining giant WE Soda bucked the 'greenhushing' trend

How mining giant WE Soda bucked the 'greenhushing' trend

Sustainability officer Alan Knight explains how the mining giant views its environmental credentials as mission critical to maintaining its advantage in an increasingly competitive global market

Michael Holder
clock 10 March 2026 • 11 min read
How an 'old-style mixed farm' is setting its sights on net zero

How an 'old-style mixed farm' is setting its sights on net zero

A Leicestershire farm lifts the lid on how traditional approaches can help curb emissions and deliver more sustainable beef

Farmers Guardian
clock 05 March 2026 • 5 min read
Cornish Lithium secures planning permission for Copper House Project

Cornish Lithium secures planning permission for Copper House Project

Critical minerals firm to further expand plans to extract lithium from geothermal waters

Stuart Stone
clock 04 March 2026 • 3 min read