News / #haze

Aerial photo taken on 11 December 2024 showing young oil palms growing in a previously burned area in the concession of PT Samora Usaha Jaya, a company owned by Tunas Baru Lampung (TBLA). TBLA was financed by Danamon, a subsidiary of Japanese banking giant MUFG. Image: Rainforest Action Network
Funding for palm oil plantation expansion provided by MUFG's Indonesian subsidiary led to haze pollution from converted peatlands in South Sumatra, in breach of the bank's sustainability policy, analysis by Rainforest Action Network finds. In response, MUFG only said it conducts "rigorous" assessments of its palm oil clients.

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