The Environmental Paper Network* (EPN) has published In the Red, an assessment of bank policies for financing pulp and paper companies. This assessment reveals that the banks most deeply involved in the pulp and paper sector do not have policies that are fit for purpose to avoid financing projects and companies that cause environmental and social harm. The assessment studied how ready the financial sector is to manage the environmental and social risks of financial involvement with the pulp and paper industry. It is a benchmark assessment carried…

The High-Level Expert Group on Sustainable Finance (HLEG) established in late 2016 by the European Commission presents its interim recommendations to make finance sustainable in a public hearing on July 18th. We urge the European Commission (EC) to build upon those recommendations, but also call upon the Expert Group to be bolder and more courageous in the final recommendations to be issued at the end of this year. Related documents: High-Level Expert Group on Sustainable Finance interim report [PDF] Statement by Share Action, Friends of the…