Peatland Deforestation Financing Breach: MUFG Funds Indonesian Palm Oil Expansion
Summary: MUFG breaches peatland protection by financing Indonesian palm oil expansion, violating its NDPE policy and risking environmental harm. Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) has breached its sustainability pledge by funding palm oil expansion on Indonesia’s carbon-rich peatlands. An investigation by Rainforest Action Network (RAN) revealed MUFG’s Indonesian subsidiary provided US$281 million […]
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