P&G investors challenge CEO over forest destruction concerns at company’s annual meeting

Procter & Gamble’s shareholders that defied the company’s own recommendations, two-thirds of Procter & Gamble (P&G) shareholders voted “yes” at the company’s annual meeting on Tuesday, October 13, to pass a proposal on forest sourcing and impacts.

Largest US Investors Undermine Efforts to Halt Rainforest Destruction, new report finds

As rainforests across the tropics face another year of devastating fires, a new report from Friends of the Earth shows that largest U.S. asset managers, BlackRock, State Street and Vanguard – known as the Big Three – have explicitly undermined efforts by consumer brands and agribusiness companies to halt deforestation.

BlackRock falls short on 2020 climate votes

New York, NY - Today, BlackRock released a new investment stewardship report. In the report the world’s largest asset manager detailed how it voted during the 2020 shareholder season which was the first big test of the climate commitments it made in January of this year.  While BlackRock released voting briefings for a handful of shareholder votes during the season (including at Barclays, Chevron, Exxon, and Mizuho), until…

Forest advocates present asset managers with essential principles for forest and human rights protections

Today, long-time advocates for the protection of earth’s remaining tropical forest lands and the people, including Indigenous communities who live in them, presented a set of essential principles asset managers must follow if they are to claim they are taking into account the survival of forests and human rights.

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.