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Articles by Hana Heineken
Rejecting Climate Change and ESG Risks Breach of Fiduciary Duties
At the behest of their fossil fuel backers, Republicans are waging a multifront war to strongarm bankers and pension fund managers into downplaying the financial risks posed by climate change. These tactics are chilling urgent climate action and may actually be fueling unlawful behavior. Last year was another blockbuster of expensive climate-driven disasters, costing at least $165 billion in the US alone.
Rejecting Climate Change and ESG Risks Breach of Fiduciary Duties
At the behest of their fossil fuel backers, Republicans are waging a multifront war to strongarm bankers and pension fund managers into downplaying the financial risks posed by climate change. These tactics are chilling urgent climate action and may actually be fueling unlawful behavior. Last year was another blockbuster of expensive climate-driven disasters, costing at least $165 billion in the US alone.
The Money Behind the Big Business of Burning
This Understory was penned in collaboration with Gaurav Madan from Friends of the Earth USA This week, RAN and international civil society groups are calling for a Week of Action on the forest fires in Indonesia and the Amazon. Fires that are wrecking Indigenous lands and turbocharging climate change and the extinction crisis.
Climate Change News: Amid Pandemic, Japan's Megabanks Must Lead On Sustainability
The path out of the current COVID-19 pandemic is still shifting, with long-term economic recovery perhaps even harder to predict. Massive amounts of money will be spent in the coming months in an attempt to recover from the economic lockdown and heavy human toll. But propping up business as usual will not work. For true recovery, we must take into account the ongoing climate and deforestation crises which, as the UN Environmental Programme (UNEP) has said, are exacerbating these deadly pandemics.
Citigroup cancels $140 million loan to palm oil company Indofood over labor abuses. Will others take a stand?
posted by Hana Heineken Banks and investors are under increasing scrutiny for their financing of the palm oil sector, and rightly so. The environmental, social, and governance (ESG) risks associated with this controversial sector — illegality, land grabbing, peatland and rainforest destruction, and labor abuses, to name a few — can carry significant reputational and financial risks for financiers.
Tokyo 2020 Olympics Implicated in Rainforest Destruction for Japan's New National Stadium
Tokyo 2020 Olympics Implicated in Rainforest Destruction for Japan's New National Stadium As Japan prepares for the games, indigenous Malaysians suffer the destruction of their homeland. On the anniversary of the first Tokyo Olympics, Matu Tugang, headman of the Indigenous Penan community of Long Jaik from Sarawak, Malaysia, delivered an urgent plea to Japanese Prime Minister Shinzo Abe to stop Japan’s use of wood from a company that is destroying their forests and their livelihoods.
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