Wall Street continues to worsen the climate crisis by financing the destruction of forests and fossil fuel expansion. But the injustice doesn’t end there: human rights abuses and theft of Indigenous lands are fueled by the money flowing from financial institutions.
The Consumer Goods Forum is an association of some of the world’s biggest, well known consumer companies including Proctor & Gamble, Mondelez, Hershey’s, Colgate-Palmolive, Nestlé, and Unilever, who all do business with suppliers responsible for deforestation and land grabs. Indigenous and forest-dwelling communities are facing violence and criminalization from commodity suppliers, while CGF companies promote themselves as environmental champions.
That’s why activists disrupted an annual Consumer Goods Forum meeting to expose the hypocrisy about deforestation.
Led by Indigenous speakers from the Amazon, people then rallied at BlackRock’s headquarters to demand BlackRock stop financing climate chaos and adopt an Indigenous Rights policy. As the world’s largest asset manager with investments in deforestation and fossil fuels, BlackRock plays a massive role in harming frontline communities and is failing on its climate commitments.
From there, activists marched to TIAA’s global headquarters and performed a cantastoria. TIAA, which manages the retirement funds of many teachers, professors, and nonprofit employees, was graded for its contribution to climate destruction. TIAA talks about being socially conscious, but its investments in fossil fuels, forests and farmland are destroying communities and driving land grabs.
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