News
Activists protest BlackRock’s ‘hot air’ on climate change

In a series of demonstrations after BlackRock’s annual shareholder meeting today, activists in New York City, San Francisco, and London staged socially distanced protests to criticize the financial giant’s failure to live up to its rhetoric on climate change.

Golden Veroleum Liberia Lays Off Workers, Endangers Communities, Highlighting Failure of Industrial Plantation Model

Golden Veroleum Liberia (GVL), a palm oil company operating in Liberia since 2012, announced recently that it is laying off 440 workers – about a tenth of its workforce – due to unsustainable losses and the falling price of palm oil.

Groups call on Harvard University to stop land grabs as new report exposes harm done to communities in Brazil

Rural communities in Brazil are suffering from food shortages, chemical pollution and violent human rights abuses because of large land deals made by Harvard University in the years following the 2008 financial crisis.

Pressure from environmental groups drives POSCO International to adopt “No Deforestation” policy in Indonesia

Following years of pressure from environmental and human rights groups, POSCO International, South Korea’s largest trading company, has adopted a zero-deforestation policy for its global palm oil operations.

Expansion of Deforestation Free Funds enables investors to see rainforest destruction hidden in mutual funds

Everyone with an IRA or a 401(k) has the power to pressure investment firms to change their practices and stop funding the destruction of our planet and our communities. Deforestation Free Funds unleashes that power, for good.

BlackRock’s Agribusiness Engagement Guidelines Draw Scrutiny from Environmental Groups

Environmental groups Amazon Watch and Friends of the Earth released an analysis today of BlackRock’s newly released statement on its engagement with agribusiness – the second leading driver of the climate crisis after fossil fuels. The analysis highlights weaknesses in BlackRock’s approach to agribusiness, including the company’s failure to explain how it will adhere to international human rights norms and hold companies accountable.

New California bill would address products linked to deforestation and climate change

California State Assembly Member Ash Kalra today introduced the California Deforestation Free Procurement Act (AB2002). If the bill were to become law, it would tap the enormous purchasing power of California to halt the destruction of tropical forests, a leading cause of climate change.

BlackRock’s bold new approach to climate must include deforestation

BlackRock Larry Fink today released his annual letter where he announced a series of policies aimed at putting climate change and sustainability at the center of the company’s business model.

BlackRock takes small step towards climate action

In joining the Climate Action 100+, BlackRock is acknowledging that the company has a big problem and needs help to address it.

Korean and Indonesian NGOs launch OECD complaint against palm oil company Posco for environmental and social abuses

Between 2012 and 2017, Posco International destroyed nearly 270 square kilometers of intact rainforest home to endangered species and the Mandobo and Marind indigenous clans, who have denounced the destruction of their lands.