'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

 UK supermarkets to fall short of 2025 deforestation-free soy target

UK supermarkets to fall short of 2025 deforestation-free soy target

WWF's latest Soy Scorecard shows that despite efforts to curb deforestation related to soy supply chains, industry targets are set to be missed this year

clock 16 October 2025 • 4 min read
'Concerning news': Marine Conservation Society confirms drop in sustainability rating for key fisheries

'Concerning news': Marine Conservation Society confirms drop in sustainability rating for key fisheries

Latest Good Fish Guide 2025 offers consumers, retailers, and policymakers latest science-backed advice for embracing and promoting sustainable fishing practices

clock 15 October 2025 • 3 min read
The isolation paradox: How to safeguard Indigenous Peoples who refuse contact

The isolation paradox: How to safeguard Indigenous Peoples who refuse contact

Indigenous Peoples manage over a third of the world's remaining intact forest - it is critical their rights are protected, writes Forest Stewardship Council International's director-general Subhra Battacharjee

Subhra Battacharjee, FSC International
clock 10 October 2025 • 4 min read