Funding deforestation in Brazil

Amazon Watch's 2020 report, Complicity in Destruction III, reveals how a network of leading international financial institutions is linked to conflicts on Indigenous lands, illegal deforestation, land grabbing, the weakening of environmental protections, and the production and export of conflict commodities. The report identified six major US-based financial institutions, including this one, that contributed more than US$18 billion to nine companies between 2017 and 2020.

Source: Amazon Watch (2020)

World's largest investor in fossil fuels

As the world's biggest investor, BlackRock is also the world's biggest owner of fossil fuel companies. BlackRock owns more coal, oil and gas, and rainforest destruction than any other US company.

Source: BlackRock's Big Problem (2019)

5.5% in Forest 500 Rankings

Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This financial institution received a score of 5.5%.

Source: Forest 500 (2023)

Investing in single-use plastic waste

This company is the world's 7th largest equity owner of companies producing single-use plastic waste, according to Minderoo Foundation's 2021 Plastic Waste Makers Index. Institutional asset managers and global banks are providing billions of dollars to companies that produce polymers from fossil fuels, as much as 100 times more than they provide to companies trying to shift to a circular economy. Plastic pollution is one of the biggest, most urgent threats facing our planet and our health.

Source: Minderoo Foundation (2021)

Financing cluster munitions producers

The 2018 update to the report entitled "Worldwide Investments in Cluster Munitions" identifies 88 banks and other financial institutions with significant financial links to cluster munitions producers. This bank is listed in the report's Hall of Shame for having investments in one or more of the 7 cluster munitions producers named in the report.

Source: Cluster Munition Coalition (2018)

13% in Human Rights Benchmark

This company was among the worst-performers in the Renewable Energy & Human Rights Benchmark 2021, which evaluates the human rights policies and practices of 15 of the largest global renewable energy companies. The highest score was 60% and the average score was just 28%. This company scored 13%.

Source: BHRRC (2021)

Financing nuclear weapons producers

The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$38 billion into 18 of the 20 nuclear weapons producers named in the report.

Source: ICAN (2018)

World's largest investor in deforestation

BlackRock's Big Deforestation Problem, a 2019 report released by Friends of the Earth US; Amazon Watch; and Profundo, a Dutch financial research firm, tracked financial data between 2014 and 2018 to show that BlackRock is among the top three shareholders in 25 of the world's largest publicly listed "deforestation-risk" companies - companies active in producing and trading soy, beef, palm oil, pulp and paper, rubber and timber - and among the top ten shareholders in 50 more of the world's largest deforestation-risk companies.

Source: Amazon Watch (2019)

"Net zero" greenwash

'The Big Con' is a 2021 report by Corporate Accountability, Friends of the Earth and others that makes clear that Big Polluters' idea of "net zero" is part of their continued plan to protect deeply unjust global systems, distract from taking the real action needed, and to evade responsibility for the climate crisis and to continue to pollute. This company was named in the report as one whose "net zero" climate commitments are anything but real action.

Source: Corporate Accountability (2021)

7.5/20 in Social Benchmark

The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2022 and received a score of 7.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.

Source: World Benchmarking Alliance (2024)