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Home › Campaigns ›
Campaign

Banks and Nature

By: BankTrack
2023-03-31 14:51:24
Contact:

Hannah Greep, Campaign Lead Banks and Nature

Photo: BankTrack
By: BankTrack
2023-03-31 14:51:24
Contact:

Hannah Greep, Campaign Lead Banks and Nature

Why this campaign?

A global emergency…

Our planet is rapidly heading towards ecological breakdown. The United Nations estimates that the extinction rate of plant and animal species is now between 1,000 and 10,000 times higher than the natural extinction rate. Untouched wilderness areas are fast disappearing, with human activity  having already significantly altered three-quarters of all land and impacted two-thirds of the seas and oceans. Industrial farming and fishing, resource extraction and waste disposal, rapid urbanisation, industrial production and power generation, transport infrastructure, and ever expanding tourism all severely impact on the condition of temperate and tropical forests, peatlands, wetlands, coral reefs, rivers, oceans and other ecosystems on which we, and all other species, depend upon. Sadly, their condition is deteriorating more rapidly than ever and is further aggravated by steadily rising global average temperatures due to accelerating climate change.

…linked to other emergencies

The crisis of nature cannot be separated from other global emergencies. Climate-related disasters such as forest fires, droughts and floods destroy and disrupt ecosystems globally. At the same time, effectively tackling the climate crisis requires protecting and restoring ecosystems, not just because forests, peatlands and oceans store vast amounts of carbon, but also because healthy ecosystems act as buffers against extreme weather, protecting houses, crops, water supplies and vital infrastructure. Preserving intact wilderness areas from human interference and encroachment is also crucial to reduce the risk of new pandemics emerging.

Effectively protecting and restoring nature requires strengthening human rights, in particular those of the Indigenous peoples and local communities that are on the front line. Indigenous peoples embody and nurture 80% of the world’s cultural and biological diversity, whilst only occupying 20% of the world’s land surface and comprising less than 5% of the world’s population. As traditional custodians of the land, their role must be central in any attempt to preserve nature, yet their rights are continually violated by the colonial, extractive and industrial activities of the fossil fuel, agro commodities- and other high impact sectors operating on their territories, often without their consent. Every day, land and environmental defenders are facing a host of human rights violations in efforts to silence their calls to protect their way of life - on average four are killed each week. If protection and restoration of nature is our best chance at keeping our planet habitable, then we must learn from the expertise of those who best protect these most valuable ecosystems.

Role of banks

Through their lending decisions and client selection, banks are in a key position to help preserve nature. Despite the acute crises we find ourselves in, many banks continue to finance habitat destruction and biodiversity loss, and turn a blind eye to associated human and Indigenous rights violations. Banks continue to funnel finance into high impact sectors, including agro commodities such as beef, soy, palm oil, and pulp & paper; metal and mineral mining; fossil fuels; and large scale infrastructure. They also provide finance to the forest biomass industry, which is often falsely represented as a form of renewable energy.

Banks can help protect and restore nature if they stop financing harmful activities in high-risk sectors and develop robust policies and practices that guide them towards financing sectors and clients that protect and strengthen nature.

What banks must do

The overall aim of the Banks and Nature campaign is for banks to protect nature and end bank finance for nature destruction. To achieve this, banks must:

  1. Explicitly acknowledge the urgency and severity of the biodiversity crisis and acknowledge their responsibility to ensure that the activities they finance do not lead to further ecosystem destruction and extinction;
  2. Actively support and formally commit to align their business with the goals and targets of the Convention on Biological Diversity and the Global Biodiversity Framework;
  3. Adopt methodologies to measure and report the impact of investments and financing activities on biodiversity, setting concrete and time-bound targets to reduce this impact;
  4. Strengthen sector finance policies for high impact industries to ensure they adequately safeguard biodiversity, including proper due diligence impact assessments for each sector, and respect the rights of Indigenous peoples, local communities, and human and environmental defenders;
  5. Exclude finance for specific very high impact business activities and adopt No-Go policies which prohibit any direct or indirect financing related to unsustainable, extractive, industrial, environmentally, and/or socially harmful activities in or which may potentially impact high level biodiverse areas;
  6. Not provide finance to or rely upon carbon and biodiversity offset projects based on the concept of “no net loss” to achieve net-zero targets or mitigate project impacts.

What BankTrack does

BankTrack’s Banks and Nature campaign challenges commercial banks to act urgently and decisively to protect nature by ending finance for nature destruction. We do this through:

Analysing bank policies in high-impact sectors such as beef, pulp and paper, and biomass, and pushing for banks to improve their policies and exclude finance for certain high-impact activities. The Forest & Finance coalition, of which BankTrack is a member, conducts policy assessments of 200 financial institutions that have significant financial exposure to forest-risk sectors in Southeast Asia, Central and West Africa and parts of South America. We use this analysis to benchmark the commercial banks against each other and to engage with banks on improving their policies. You can see banks’ overall policy scores here, and scores specifically for beef, palm oil and pulp & paper on the corresponding pages.

Campaigning on Dodgy Deals, projects and companies with an adverse environmental, social and other impacts. We target bank financiers of these companies in order to push banks to exclude these companies from their financing portfolios or use their leverage to improve client performance. We work together with our partners in different coalitions to conduct our dodgy deal campaigns. Some examples include the Brazilian meat-packing company JBS and the energy company Drax that is involved in the burning of wood for energy.

Engaging with banks and banking initiatives to raise the standards banks are setting, either in their own policies or as part of nature-related initiatives within the financial sector. For example, together with partners such as Global Witness and Rainforest Action Network we have been engaged with the consultation process of the Taskforce on Nature-related Financial Disclosures (TNFD) in 2022 - 2023. In addition, we will utilise the various banking initiatives that we track as part of our work (e.g. the Equator Principles, the Principles for Responsible Banking) to seek further commitments on nature and biodiversity protection.

Supporting fellow civil society organisations from around the world who aim to challenge banks to stop financing nature destruction. Some of our partners include: the Forest & Finance coalition; the Banks & Biodiversity coalition; the Environmental Paper Network and the Drop JBS coalition. For more information on our different campaign topics, see the further sections below.

Topics

Banks and meat

Banks and biodiversity

Banks and biomass

Banks and palm oil

Banks and pulp & paper

Forests & Finance

Reporting from COP15: Beyond Burning

Dodgy Deals

Current Dodgy Deal targets

Asia Pulp and Paper (APP)

Indonesia | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

JBS

Brazil | company
All
Projects
Companies

Asia Pulp and Paper (APP)

Indonesia
Company
Target
Pulp, Paper and Paperboard Mills

Asia Pulp and Paper (APP)

Indonesia | company

East African Crude Oil Pipeline (EACOP)

Uganda
Project
Target
Pipeline Transportation of Crude Oil

East African Crude Oil Pipeline (EACOP)

Uganda | project

JBS

Brazil
Company
Target
Beef Industry | ...

JBS

Brazil | company

APRIL

Indonesia
Company
Active
Pulp, Paper and Paperboard Mills

APRIL

Indonesia | company

Arauco

Chile
Company
Active
Biomass Electric Power Generation | Pulp, Paper and Paperboard Mills

Arauco

Chile | company

BrasilAgro

Brazil
Company
Active
Beef Industry | ...

BrasilAgro

Brazil | company

Bunge

United States
Company
Active
Agriculture for Palm Oil | ...

Bunge

United States | company

Cargill

United States
Company
Active
Agriculture for Palm Oil | ...

Cargill

United States | company

Compañía Manufacturera de Papeles y Cartones (CPMC)

Chile
Company
Active
Pulp, Paper and Paperboard Mills

Compañía Manufacturera de Papeles y Cartones (CPMC)

Chile | company

Drax Group

United Kingdom
Company
Active
Biomass Electric Power Generation

Drax Group

United Kingdom | company

E40 Inland Waterway

- international -
Project
Active
Construction

E40 Inland Waterway

- international - | project

EPH

Czech Republic
Company
Active
Biomass Electric Power Generation | Coal Electric Power Generation | ...

EPH

Czech Republic | company

Enviva

United States
Company
Active
Biomass Electric Power Generation

Enviva

United States | company

Ferrogrão EF-170 Railway

Brazil
Project
Active
Train and Railroad Manufacturing | ...

Ferrogrão EF-170 Railway

Brazil | project

Graanul Invest

Estonia
Company
Active
Biomass Electric Power Generation

Graanul Invest

Estonia | company

Jadar lithium mine

Serbia
Project
Active
Mining

Jadar lithium mine

Serbia | project

Marfrig

Brazil
Company
Active
Beef Industry | ...

Marfrig

Brazil | company

Minerva Foods

Brazil
Company
Active
Beef Industry | ...

Minerva Foods

Brazil | company

OLAM

Singapore
Company
Active
Commodities Trading

OLAM

Singapore | company

PT Plasma Nutfah Marind Papua (PT PNMP) plantation

Indonesia
Project
Active
Pulp, Paper and Paperboard Mills

PT Plasma Nutfah Marind Papua (PT PNMP) plantation

Indonesia | project

Paracel Mill Project

Paraguay
Project
Active
Pulp, Paper and Paperboard Mills | ...

Paracel Mill Project

Paraguay | project

RWE

Germany
Company
Active
Coal Electric Power Generation | ...

RWE

Germany | company

Sinar Mas

Indonesia
Company
Active
Agriculture for Palm Oil | ...

Sinar Mas

Indonesia | company

Suzano

Brazil
Company
Active
Pulp, Paper and Paperboard Mills

Suzano

Brazil | company

Tapajós Hydroelectric Complex and Tapajós Waterway

Brazil
Project
Active
Hydroelectric Power Generation

Tapajós Hydroelectric Complex and Tapajós Waterway

Brazil | project

UPM-Kymmene

Finland
Company
Active
Pulp, Paper and Paperboard Mills

UPM-Kymmene

Finland | company

APP Andhra Pradesh pulp mill

India
Project
On record
Pulp, Paper and Paperboard Mills

APP Andhra Pradesh pulp mill

India | project | on record

Amazar Pulp and Saw Mill

Russian Federation
Project
On record
Pulp, Paper and Paperboard Mills

Amazar Pulp and Saw Mill

Russian Federation | project | on record

Botnia pulp and paper mill

Uruguay
Project
On record
Pulp, Paper and Paperboard Mills

Botnia pulp and paper mill

Uruguay | project | on record

EDF

France
Company
On record
Nuclear Electric Power Generation | ...

EDF

France | company | on record

Eldorado Brasil

Brazil
Company
On record
Pulp, Paper and Paperboard Mills

Eldorado Brasil

Brazil | company | on record

Eletrobras

Brazil
Company
On record
Biomass Electric Power Generation | Coal Electric Power Generation | Electric Power Distribution | Hydroelectric Power Generation | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation

Eletrobras

Brazil | company | on record

Energa Group

Poland
Company
On record
Coal Electric Power Generation | ...

Energa Group

Poland | company | on record

Euca Energy

Brazil
Project
On record
Pulp, Paper and Paperboard Mills

Euca Energy

Brazil | project | on record

IOI Corporation

Malaysia
Company
On record
Agriculture for Palm Oil

IOI Corporation

Malaysia | company | on record

Klabin

Brazil
Company
On record
Pulp, Paper and Paperboard Mills

Klabin

Brazil | company | on record

Louis Dreyfus Company

Netherlands
Company
On record
Agriculture for Industrial Crops | ...

Louis Dreyfus Company

Netherlands | company | on record

MAPA project

Chile
Project
On record
Pulp, Paper and Paperboard Mills

MAPA project

Chile | project | on record

MGT Teesside biomass power station

United Kingdom
Project
On record
Biomass Electric Power Generation

MGT Teesside biomass power station

United Kingdom | project | on record

Maizuru Palm Oil Power Plant

Japan
Project
On record
Agriculture for Biofuels | Agriculture for Palm Oil | Biomass Electric Power Generation

Maizuru Palm Oil Power Plant

Japan | project | on record

Malicounda oil-fired power plant

Senegal
Project
On record
Oil-fired power plant

Malicounda oil-fired power plant

Senegal | project | on record

Marubeni

Japan
Company
On record
Coal Electric Power Generation | Mining | Pulp, Paper and Paperboard Mills

Marubeni

Japan | company | on record

Navigator Company

Portugal
Company
On record
Pulp, Paper and Paperboard Mills

Navigator Company

Portugal | company | on record

OKI Pulp & Paper Mills

Indonesia
Project
On record
Pulp, Paper and Paperboard Mills

OKI Pulp & Paper Mills

Indonesia | project | on record

PT Toba Pulp Lestari

Indonesia
Company
On record
Pulp, Paper and Paperboard Mills

PT Toba Pulp Lestari

Indonesia | company | on record

Paso de los Toros pulp mill

Uruguay
Project
On record
Pulp, Paper and Paperboard Mills

Paso de los Toros pulp mill

Uruguay | project | on record

Pego Power Station

Portugal
Project
On record
Biomass Electric Power Generation

Pego Power Station

Portugal | project | on record

Polska Grupa Energetyczna (PGE)

Poland
Company
On record
Coal Electric Power Generation | ...

Polska Grupa Energetyczna (PGE)

Poland | company | on record

Portucel pulp mill

Mozambique
Project
On record
Pulp, Paper and Paperboard Mills

Portucel pulp mill

Mozambique | project | on record

RWE biomass conversion project

Netherlands
Project
On record
Biomass Electric Power Generation

RWE biomass conversion project

Netherlands | project | on record

Royal Golden Eagle Group (RGE)

Singapore
Company
On record
Agriculture for Palm Oil | Oil and Gas Extraction | Pulp, Paper and Paperboard Mills

Royal Golden Eagle Group (RGE)

Singapore | company | on record

Sime Darby

Malaysia
Company
On record
Agriculture for Palm Oil

Sime Darby

Malaysia | company | on record

Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill)

Australia
Project
On record
Pulp, Paper and Paperboard Mills

Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill)

Australia | project | on record

Vale

Brazil
Company
On record
Coal Mining | Mining

Vale

Brazil | company | on record

Vattenfall

Sweden
Company
On record
Biomass Electric Power Generation | ...

Vattenfall

Sweden | company | on record

Wilmar International

Singapore
Company
On record
Agriculture for Palm Oil

Wilmar International

Singapore | company | on record
Resources

Latest publications

A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations
2023-05-03 00:00:00 | BankTrack, Feedback Global & Mighty Earth
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-10-21 00:00:00 | BankTrack
Asia Pulp and Paper: Risk briefing for banks and investors
2021-12-13 00:00:00 | BankTrack, Environmental Paper Network (EPN), Forest & Finance Coalition, Rainforest Action Network (RAN)
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-30 00:00:00 | BankTrack
Documents
Images
Links
2023-05-03 00:00:00

A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations

BankTrack publication
2023-05-03 00:00:00 | BankTrack, Feedback Global & Mighty Earth
2022-12-20 00:00:00

‘Cerrado’ project, Ribas do Rio Pardo: not aligned with IFC purpose

NGO document
2022-12-20 00:00:00 | Environmental Paper Network
2022-07-14 00:00:00

Deforestation in Brazil: UBS finances agribusinesses Marfrig and BrasilAgro exposed to environmental damage in Amazon and Cerrado

UBS finances agribusinesses Marfrig and BrasilAgro exposed to environmental damage in Amazon and Cerrado
NGO document
2022-07-14 00:00:00 | Center for Climate Crime Analysis
2022-07-18 00:00:00

The financiers of destruction: how multinational companies sponsor agribusiness lobby and sustain the dismantling of socio-environmental regulation in Brazil

How multinational companies sponsor agribusiness lobby and sustain the dismantling of socio-environmental regulation in Brazil
NGO document
2022-07-18 00:00:00 | Agribusiness Watch (De Olho Nos Ruralistas)
2019-04-25 00:00:00

Complicity in Destruction II: how northern consumers and financiers enable Bolsonaro’s assault on the brazilian amazon

NGO document
2019-04-25 00:00:00 | Amazon Watch
2017-11-27 00:00:00

Cerrado Deforestation Could Reduce Farmland Value, Put Soy Revenue at Risk

NGO document
2017-11-27 00:00:00 | Chain Reaction Research
2023-01-31 00:00:00

Briefing: Rabobank's financial services to the global meat and dairy companies fueling climate change

NGO document
2023-01-31 00:00:00 | Feedback EU
2023-01-31 00:00:00

Letter from Feedback EU, Feedback Global, BankTrack & World Animal Protection to Rabobank on industrial livestock

Correspondence
2023-01-31 00:00:00 | Feedback EU, Feedback Global, BankTrack & World Animal Protection
2023-01-17 00:00:00

Hot Money: 40 financial institutions are funding a climate-changing agri-methane footprint

NGO document
2023-01-17 00:00:00 | Planet Tracker & Changing Markets
2022-09-23 00:00:00

Main findings: Consultations to obtain FPIC in the Paracel Project in Paraguay

NGO document
2022-09-23 00:00:00 | Bank Information Centre and Grupo SUNU de Acción Intercultural
2022-09-23 00:00:00

Paracel pulp mill in Paraguay: A risky project

NGO document
2022-09-23 00:00:00 | Environmental Paper Network, Instituto Maira, Bank Information Center (BIC), AXIAL Naturaleza y Cultura, International Accountability Project (IAP), and Grupo SUNU de Acción Intercultural
2022-12-14 00:00:00

Scorching The Earth

Pulp and paper expansion in Três Lagoas, Brazil
NGO document
2022-12-14 00:00:00 | Environmental Paper Network
2022-12-13 00:00:00

Protecting Biodiversity from Harmful Financing: Habitats with Threatened and Endemic Species, and Key Biodiversity Areas

Friends of the Earth US’ new briefing paper 03 calls on banks and financiers to prohibit direct and indirect financing to activities and projects which may harm these critical biodiversity areas.
NGO document
2022-12-13 00:00:00 | Friends of the Earth US
2022-12-13 00:00:00

Protecting Biodiversity from Harmful Financing: Internationally-Recognized Areas

Friends of the Earth US’ 2022 briefing paper 01 details the critical role of banks and financiers in protecting internationally recognized areas, such as World Heritage sites, IUCN category sites, UNESCO Biosphere Reserves.
NGO document
2022-12-13 00:00:00 | Friends of the Earth US
2022-12-13 00:00:00

Protecting Biodiversity from Harmful Financing: Nationally and Sub-Nationally Recognized Areas

Friends of the Earth US’ 2022 briefing paper 02 calls on banks and financiers to protect nationally and sub-nationally recognized areas, such as parks, reserves, memorials, monuments, preserves, among others, by prohibiting direct and indirect financing to activities and projects which may harm these areas.
NGO document
2022-12-13 00:00:00 | Friends of the Earth US
2022-12-12 00:00:00

Letter from 51 CSOs to Public Banks and Financiers on their Role in Stopping and Reversing the Biodiversity Crisis

Correspondence
2022-12-12 00:00:00 | 51 CSOs
2022-12-12 00:00:00

Letter from 65 CSOs to Commercial Banks and Financiers on their Role in Stopping and Reversing the Biodiversity Crisis

Correspondence
2022-12-12 00:00:00 | 65 CSOs
2022-12-12 00:00:00

Letter from 73 CSOs to Signatory Parties to the Convention on Biological Diversity on State Parties Must Stop and Reverse Biodiversity Loss

Correspondence
2022-12-12 00:00:00 | 73 CSOs
2020-07-06 00:00:00

Paper Tiger

Why the EU’s RED II biomass sustainability criteria fail forests and the climate
NGO document
2020-07-06 00:00:00 | Mary S. Booth, PhD; Ben Mitchell, PhD
2021-07-15 00:00:00

Wood pellet damage

How Dutch government subsidies for Estonian biomass aggravate the biodiversity and climate crisis
NGO document
2021-07-15 00:00:00 | SOMO
2022-10-21 00:00:00

Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

BankTrack publication
2022-10-21 00:00:00 | BankTrack
2022-10-14 00:00:00

Letter from BankTrack, WECAN, other organisations to Equator Principles association on new commitments ahead of 20th anniversary

Correspondence
2022-10-14 00:00:00 | BankTrack, WECAN, other organisations
2022-06-23 00:00:00

Conflict Plantations

Chapter 3: Stolen lands and fading forests in Chile
NGO document
2022-06-23 00:00:00 | Environmental Paper Network (EPN)
2019-09-23 00:00:00

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness
2021-12-10 00:00:00

Wet Natuurbescherming, RWE Generation NL

Other document
2021-12-10 00:00:00 | Mobilisation for the environment (MOB)
2022-02-03 00:00:00

CSO statement on the proposed EU regulation on deforestation-free products

NGO document
2022-02-03 00:00:00 | Global Witness & 110 CSOs
2021-09-01 00:00:00

Voices from Tapajós: Indigenous views on planned infrastructure projects

NGO document
2021-09-01 00:00:00 | Society for Threatened Peoples
2021-12-13 00:00:00

Asia Pulp and Paper: Risk briefing for banks and investors

BankTrack publication
2021-12-13 00:00:00 | BankTrack, Environmental Paper Network (EPN), Forest & Finance Coalition, Rainforest Action Network (RAN)
2021-11-02 00:00:00

Open letter of concerns on the issuance of USD 1 billion in Sustainability-Linked Bond (SLB) by JBS

NGO document
2021-11-02 00:00:00 | BankTrack, Forests & Finance, Greenpeace
2021-10-26 00:00:00

Fool’s Paradise: How Biodiversity Offsets Don’t Stop Biodiversity Loss

NGO document
2021-10-26 00:00:00 | Friends of the Earth
2021-09-27 00:00:00

SIX PROBLEMS WITH BECCS

NGO document
2021-09-27 00:00:00 | Fern
2021-09-09 00:00:00

OPEN LETTER CONCERNING THREATS FROM THE PROPOSED EXPANSION OF PT. OKI PULP AND PAPER MILL – APP SINAR MAS

NGO document
2021-09-09 00:00:00 | Environmental Paper Network
2021-08-24 00:00:00

Investing in troubled waters

The material risks of fish mortality and the use of wild-caught fish in feed for the aquaculture sector
NGO document
2021-08-24 00:00:00 | Feedback, Changing Markets Foundation, CFFA, and WSRW
2021-08-09 00:00:00

Violations in the name of conservation

NGO document
2021-08-09 00:00:00 | Amnesty International
2021-07-08 00:00:00

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth
2021-07-01 00:00:00

Financial Sector Guide for the Convention on Biological Diversity

Other document
2021-07-01 00:00:00 | CBD, UNPFI and others
2021-06-29 00:00:00

Biodiversity and finance: building on common ground with customary rights-holders

NGO document
2021-06-29 00:00:00 | Forest Peoples Programme
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI
2021-06-14 00:00:00

Beyond the gap: placing biodiversity finance in the global economy

NGO document
2021-06-14 00:00:00 | Third World Network
2021-06-11 00:00:00

IPBES-IPCC Co-sponsored workshop Biodiversity and Climate Change - Scientific Outcome

Other document
2021-06-11 00:00:00 | IPCC and IPBES
2021-06-11 00:00:00

IPBES-IPCC CO-SPONSORED WORKSHOP BIODIVERSITY AND CLIMATE CHANGE WORKSHOP REPORT

Other document
2021-06-11 00:00:00 | IPCC and IPBES
2021-06-03 00:00:00

State of Finance for Nature

Other document
2021-06-03 00:00:00 | UNEP, WEF, ELD, and Vivid Economics
2021-05-25 00:00:00

Letter

letter to 50+ banks to protect biodiversity in run up to Kunming conference
Correspondence
2021-05-25 00:00:00 | BankTrack
2021-05-10 00:00:00

Biodiversity Policy

Bank policy
2021-05-10 00:00:00 | De Volksbank
2021-05-03 00:00:00

Key Cerrado Deforesters in 2020 Linked to the Clearing of More Than 110,000 Hectares

NGO document
2021-05-03 00:00:00 | Chain Reaction Research
2021-04-28 00:00:00

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
NGO document
2021-04-28 00:00:00 | Rainforest Action Network
2021-04-26 00:00:00

NGO concerns over the proposed 30% target for protected areas and absence of safeguards for Indigenous Peoples and local communities

NGO document
2021-04-26 00:00:00 | Survival International, Rainforest Foundation, Minority Rights Group International
2020-12-02 00:00:00

Beef, banks and the Brazilian Amazon

How Brazilian beef companies and their international financiers greenwash their links to Amazon deforestation
NGO document
2020-12-02 00:00:00 | Global Witness
2020-10-27 00:00:00

Complicity in Destruction III

NGO document
2020-10-27 00:00:00 | APIB and Amazon Watch
2021-04-20 00:00:00

Re-thinking nature-based solutions: seeking transformative change through culture and rights

NGO document
2021-04-20 00:00:00 | Forest Peoples Programme
2021-04-15 00:00:00

Making Mincemeat of the Pantanal

NGO document
2021-04-15 00:00:00 | Greenpeace
2021-03-19 00:00:00

Countdown to Extinction

What will it take to get companies to act?
NGO document
2021-03-19 00:00:00 | Greenpeace
2021-03-11 00:00:00

Destruction: certified

NGO document
2021-03-11 00:00:00 | Greenpeace
2021-01-26 00:00:00

Time for change: Delivering deforestation-free supply chains

NGO document
2021-01-26 00:00:00 | Global Canopy
2021-01-18 00:00:00

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
Other document
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership
2020-10-06 00:00:00

Press release - Open letter to call on UK government not to leave finance out of a proposed new law on deforestation

NGO document
2020-10-06 00:00:00 | BankTrack and Global Witness
2020-11-30 00:00:00

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

BankTrack publication
2020-11-30 00:00:00 | BankTrack
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-09-16 00:00:00

Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation

BankTrack publication
2020-09-16 00:00:00 | RAN, BankTrack
2013-02-28 00:00:00

APP's Forest conservation policy

Bank policy
2013-02-28 00:00:00 | APP
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

NGO document
2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
2016-10-28 00:00:00

Position on Forest Certification

Bank policy
2016-10-28 00:00:00 | Bank of America
2016-10-28 00:00:00

Forests Practices Policy

Bank policy
2016-10-28 00:00:00 | Bank of America
2015-11-18 00:00:00

Environmental and Social Risk Briefing - Forestry & Logging

Bank policy
2015-11-18 00:00:00 | Barclays
2015-09-16 00:00:00

Land governance Statement

Bank policy
2015-09-16 00:00:00 | Rabobank Group
2014-11-25 00:00:00

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US
2013-12-31 00:00:00

Sustainable Forestry Standard

Bank policy
2013-12-31 00:00:00 | Citi
2011-09-13 00:00:00

Sector Policy - Wood Pulp

Bank policy
2011-09-13 00:00:00 | BNP Paribas
2010-06-02 00:00:00

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
NGO document
2010-06-02 00:00:00 | Netwerk Vlaanderen

Moorim operations in Papua

2022-03-24
Traditional clans in Merauke blocks the access to the forest to PT. Papua Nutfah Marind Papua Member of Gebze Clan Road bordering PNMP Workers family Flooded Plantation Deforestation at the project site

Big Livestock’s Big Greenwash & Emissions Calculator

By Feedback, DeSmog, IATP and Feedback EU

Forest500

Global Canopy’s Forest500 analysis of anti-deforestation policies.

Forests & Finance

Forests & Finance is a searchable database that reveals the finance flowing into commodities driving deforestation and land degradation in Southeast Asia, Central and West Africa, and Brazil. It also includes policy assessments and case studies. BankTrack is part of the Forests & Finance coalition.

Global Markets for Biomass Energy are Devastating U.S. Forests

Netherlands campaign against new biomass plant

Southeast US wood pellet plants exporting to Europe

Trase Finance

Trase Finance is a tool that brings transparency to over $1 trillion in deforestation financing. It is an initiative of Global Canopy, Stockholm Environment Institute and Neural Alpha, Trase Finance links the trade of commodities that drive deforestation to financial markets worldwide. The platform covers more than 12,000 financial institutions who invest in or lend to commodity traders exporting Brazilian beef, Brazilian soy, and Indonesian palm oil.

News
BankTrack
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Blog
External
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Paracel postpones factory but continues with forestry production

2023-05-16 | abc
BankTrack news BankTrack blog Partner news Partner blog

High interest rates delay Paraguay $3 billion wood-pulp mill

2023-05-13 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Grain trader Cargill faces legal challenge in US over Brazilian soya supply chain

2023-05-04 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays revealed to be biggest financier of discredited meat giant JBS yet new forest policy will not stop the finance flowing

2023-05-03 | BankTrack, Feedback Global, Mighty Earth
BankTrack news BankTrack blog Partner news Partner blog

Barclays toughens deforestation rules for beef sector clients

BankTrack quoted
2023-05-03 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Power giant Drax told by own advisers to stop calling biomass 'carbon neutral'

2023-04-26 | Sky News
BankTrack news BankTrack blog Partner news Partner blog

Drax faces probe over sustainable biomass claims

2023-04-26 | Financial Times
Blog
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ING in the spotlight ahead of its AGM for its climate destructive finance

Campaigners will join the bank’s shareholder meeting today to send the message that continuing to finance oil, gas and biomass expansion will stop the bank from meeting its climate commitments
2023-04-24 | Amsterdam | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The human and environmental cost of Europe financing industrial animal farming

2023-04-12 | Friends of the Earth Europe, Justice is Everybody's Business
BankTrack news BankTrack blog Partner news Partner blog

Paper Excellence whistleblowers and investigative journalism project lead to calls for parliamentary hearings in Canada

2023-03-22 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

On International Forests Day, new briefing paper urges banks and financiers to exclude harmful financing that negatively impacts primary and vulnerable secondary forests

2023-03-21 | Friends of the Earth US
BankTrack news BankTrack blog Partner news Partner blog

Real battles take place outside the courtroom

In Dutch
2023-03-14 | Netherlands | BNNVARRA
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global Witness calls on financiers to stop bankrolling rainforest beef, after official audit reflects findings about JBS

2023-03-14 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Wood burning - a threat to climate targets

(In German)
2023-03-03 | tagesschau
BankTrack news BankTrack blog Partner news Partner blog

Entire forests are cut down – and yet that wood is called 'sustainable'

2023-03-03 | nrc
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs file second complaint against BNP Paribas

Following a lawsuit for providing financial services to fossil fuel producers, BNP Paribas is targeted by a new complaint for its role in fueling deforestation, forced labor, and Indigenous rights violations in Brazil
2023-02-27 | Paris | Comissão Pastoral da Terra, Notre Affaire à Tous
BankTrack news BankTrack blog Partner news Partner blog

CO2 capture and storage: 'green' RWE power station in Eemshaven one step closer

2023-02-22 | Dagblad van het Noorden
Blog
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What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries

2023-02-07 | Hannah Greep – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

This Dutch Bank Is Financing the Meat Industry’s Biggest Emitters

BankTrack quoted
2023-02-06 | Sentient Media
BankTrack news BankTrack blog Partner news Partner blog

Milieugroepen roepen Rabobank op te stoppen met financieren vleesindustrie

BankTrack quoted
2023-01-31 | Netherlands | Financieel Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rabobank called on to stop billions of dollars in finance to polluting industrial meat and dairy companies

2023-01-31 | BankTrack, Feedback EU, Feedback Global, World Animal Protection
BankTrack news BankTrack blog Partner news Partner blog

Drax ‘Lobbying Efforts’ Revealed in Internal Treasury Memos

2023-01-24
BankTrack news BankTrack blog Partner news Partner blog

Mighty Earth files complaint with US Securities and Exchange Commission against JBS ‘green bonds’

2023-01-18 | Mighty Earth
BankTrack news BankTrack blog Partner news Partner blog

Brazilian meat giant under fire for allegedly misleading investors

2023-01-18 | The Washington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
BankTrack news BankTrack blog Partner news Partner blog

Enviva Statement Regarding the Dutch Parliament’s Motion on Sustainably Sourced Primary Biomass

2023-01-03 | Enviva
BankTrack news BankTrack blog Partner news Partner blog

World Bank affiliate IFC approves loan for Suzano’s unsustainable project in Cerrado, ignoring warning from 40+ environmental groups

2022-12-20 | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Brazil audit finds 17% of cattle bought by JBS came from 'irregular' ranches

2022-12-15 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Pulp & paper industry expansion in Cerrado risks fires, water shortage and climate damage, says new EPN report

2022-12-14 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Friends of the Earth US releases new briefing paper series on "Protecting Biodiversity from Harmful Financing"

2022-12-13 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

At COP15, investors announce Nature Action 100 to tackle nature loss and biodiversity decline

2022-12-11 | Montreal, Canada | Finance for Biodiversity Pledge
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Royal Bank of Canada's financing of Canadian gold miner Belo Sun denounced during biodiversity summit

2022-12-08 | Montreal, Canada | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of Montreal's links to massive, illegal Amazon deforestation condemned by Indigenous leaders during biodiversity summit

2022-12-08 | Montreal, Canada | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Who is profiting from Paraguay’s biggest and most harmful pulp project?

2022-12-06 | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

JBS, Marfrig, and Minerva unlikely compliant with upcoming EU deforestation law

2022-11-30 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

Time for Barclays to move Beyond Burning

How Barclays finances the burning of fossil fuels, biomass and nature
2022-11-14 | Natasha Ion – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Latest draft shows that TNFD’s reputation ‘as the next frontier in corporate greenwashing on nature’ remains solidly intact

2022-11-07 | BankTrack, Amazon Watch, Center for International Environmental Law (CIEL), Environmental Paper Network, Forests & Finance Coalition, Global Forest Coalition, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

World’s Largest CO2 Removal Deal Ever Depends on Tech That Isn’t Ready Yet

No one to date has demonstrated a commercial-scale biomass power plant that can capture and bury its emissions deep underground.
2022-10-26 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank financiers of harmful wood biomass have no policies addressing impacts, shows new study

A briefing from BankTrack details impacts of the wood biomass industry and calls on banks to exclude sector from finance
2022-10-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

New policy analysis shows that banks do not have robust policies in place for the beef sector and are failing to include methane reduction or halting deforestation in climate solutions
2022-10-19 | Hannah Greep – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

They warn that the pulp mill will turn Concepción into a desert due to the deforestation of the last natural forests (translation)

2022-10-15 | La Mira
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles put on notice by CSOs to commit on climate, nature, human rights, and pandemics, ahead of 20th Anniversary in 2023

BankTrack, the Women’s Earth & Climate Action Network and 25 CSOs sent an open letter to the Equator Principles Association ahead of its AGM outlining strong commitments to be made
2022-10-14 | BankTrack, WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

48 civil society organizations and networks express “profound concern” that TNFD will assist greenwashing

2022-10-13 | BankTrack, Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Chicken in British supermarkets ‘linked to deforested Amazon’

Investigation found that JBS poultry were fed on soya beans and corn from deforested areas
2022-10-06 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Drax: UK power station owner cuts down primary forests in Canada

2022-10-03 | BBC Panorama
BankTrack news BankTrack blog Partner news Partner blog

New investigation accuses central banks of financing deforestation

2022-09-28 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

UK accused of funding environmental racism with subsidies to Drax

The power station has paid out millions over alleged overpollution in US south, investigation finds
2022-09-26 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Drax accused of driving ‘environmental racism’ after further pollution claims against wood pellet mills in US deep south

Company billed as UK’s ‘largest source of renewable energy’ has now been forced to make settlement payments for air pollution claims against three of its US pellet plants - two of them are sited in poor, majority-Black communities
2022-09-26 | Unearthed
BankTrack news BankTrack blog Partner news Partner blog

Britain's Drax signs deal to sell 2 million U.S. carbon removal credits

2022-09-21 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Planning for public disclosures through hidden closed-door processes?

Why the Taskforce on Nature-related Financial Disclosures needs to overhaul its approach to transparency
2022-09-12 | Shona Hawkes, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

JBS and environmentalists at odds over Italy-sized emissions claims

2022-08-25 | The Grocer
BankTrack news BankTrack blog Partner news Partner blog

Enviva’s proposed Ahoskie expansion would cut many emissions but add greenhouse gases

2022-08-23 | Ahoskie | The News & Observer
Blog
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You’ve probably never heard about TNFD: But it threatens to be the new frontier in corporate greenwashing

2022-08-15 | Shona Hawkes
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups say UN-backed TNFD proposal risks opening a new frontier for corporate greenwashing on nature

2022-08-03 | BankTrack, Amazon Watch, Center for International Environmental Law (CIEL), Forests & Finance Coalition, Global Forest Coalition, Global Witness, Jubilee Australia Research Centre, Profundo, Rainforest Action Network, TuK Indonesia, WECAN
BankTrack news BankTrack blog Partner news Partner blog

Supermarkets told to exclude soy traders linked to deforestation

2022-07-19 | Feed Navigator
BankTrack news BankTrack blog Partner news Partner blog

Drax expands its operations into Asia

2022-07-14 | Biomass Magazine
BankTrack news BankTrack blog Partner news Partner blog

Drax submits plans to build world’s largest CCS project

Renewable energy company Drax has submitted plans to build the world’s largest carbon capture facility at its North Yorkshire power station.
2022-07-13 | Biomass Magazine
BankTrack news BankTrack blog Partner news Partner blog

Enviva Launches the Enviva Heirs Property Fund to Combat Involuntary Land Loss in U.S. Southeast

2022-07-13 | Enviva
BankTrack news BankTrack blog Partner news Partner blog

Drax takes action to secure UK power supply this winter

Drax will temporarily extend the life of its coal generation assets in response to increased pressure on European gas markets and associated concerns regarding the electricity supply in the U.K. this winter
2022-07-11 | Biomass Magazine
BankTrack news BankTrack blog Partner news Partner blog

Analysis: Do the meat industry’s promises on deforestation add up?

The world’s biggest meat suppliers, JBS, Marfrig and Minerva have committed to cleaning up their supply chains by 2030. But a guest analysis from Repórter Brasil shows a lack of transparency and systems that are vulnerable to fraud.
2022-07-04 | Unearthed
BankTrack news BankTrack blog Partner news Partner blog

Global banks ignore Amazon's indigenous voices at their peril

2022-06-23 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and financiers back beef giant JBS to the tune of almost $1bn despite links to widespread deforestation, land grabbing and slave labour in the Amazon

2022-06-23 | Brazil | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Sustainability issues of a wood pulp giant: Indonesian Royal Golden Eagle Group

2022-06-20 | Amsterdam | Aid Environment
BankTrack news BankTrack blog Partner news Partner blog

Indonesia pulp giants’ net-zero pledges are misleading, warn civil society

By excluding their forestry operations, the pulp companies do not report the biggest source of their emissions; mill expansions are set to increase these emissions
2022-06-16 | Forest & Finance coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘no deforestation’ rhetoric, major brands and banks failing to stop deforestation and human rights abuses

Annual analysis reveals that as threats facing Indigenous communities in rainforest regions increase, demand-side companies are failing to reform supply chains
2022-06-14 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Joint NGO open letter to TNFD calls for human rights approach, impact reporting and more

2022-05-25 | BankTrack, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses

We report back from the two French bank AGMs of this week, where they were called out on finance for fossil fuels, forest biomass and illegal settlements
2022-05-19 | Giulia Barbos – BankTrack, Hannah Greep – BankTrack, Sumeyra Arslan – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Brasil de Fato: More than 10.000 hectares of cerrado may be devastated to agribusiness project

2022-05-10 | Brasil de Fato
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays is big on beef and burning

At Barclays AGM campaigners will be calling on the bank to stop financing big meat and burning fossil fuels and forests for energy
2022-05-04 | Hannah Greep – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banco Santander takes a step on big oil, but what about big meat?

2022-05-02 | Nijmegen, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investors and supermarkets urged to drop JBS after shock rise in its climate emissions

2022-04-21 | DeSmog, Feedback Global, Institute for Agriculture and Trade Policy (IATP), Mighty Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Biomass Industry Pushes Back Against Europe’s Plans To Protect Woodlands

Leaked documents show UK power plant Drax is at the heart of lobbying efforts to dilute EU biodiversity rules that could limit its supply of wood.
2022-04-12 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

BrasilAgro to convert 10.000 hectares of Cerrado forest

2022-04-11 | Chain Reaction Research, Chain Reaction Research
BankTrack news BankTrack blog Partner news Partner blog

BC’s Chief Forester Jumps to Multinational Wood Pellet Corporation

Diane Nicholls takes a senior role in a controversial industry she helped regulate. And promote.
2022-04-07 | The Tyee
Blog
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Pego power station conversion plans halted

2022-03-13 | BankTrack, Biofuelwatch, Environmental Paper Network, Global Forest Coalition, ZERO
Blog
BankTrack news BankTrack blog Partner news Partner blog

IDB Invest drops controversial loan to Brazilian beef giant Marfrig Global Foods

IDB Invest, the private arm of the Inter-American Development Bank (IDB) Group, is no longer considering a $43 million loan package for Marfrig Global Foods’ Brazilian beef operations
2022-02-23 | Washington | Bank Information Centre, Feedback Global, Friends of the Earth US, Global Forest Coalition, Instituto Maira, International Accountability Project, Sinergia Animal, World Animal Protection
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Proposed conversion of former coal plant to biomass is a high risk for investors, new study shows

Portugal to decide on future of Pego power station by late February
2022-01-27 | Portugal | Biofuelwatch, Environmental Paper Network, Global Forest Coalition, ZERO
BankTrack news BankTrack blog Partner news Partner blog

Soybean giant breaks pledge on Amazon deforestation

2022-01-14 | The Bureau of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

Suzano and COP26: The Glasgow climate debacle, part 3

2022-01-06 | REDD Monitor
Blog
BankTrack news BankTrack blog Partner news Partner blog

First test of ‘Net Zero’ bank commitments as pulp & paper giants seek finance for expansion that could torpedo Indonesia’s climate goals

Civil society groups warn that material risks to financial institutions haven’t been disclosed
2021-12-13 | BankTrack, Environmental Paper Network, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch financial sector European frontrunner in financing deforestation

2021-12-08 | Milieudefensie
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

Company's USD 1 billion “sustainability-linked bond” will allow expansion of Amazon deforestation and massive greenhouse gas emissions, say campaigners
2021-11-03 | BankTrack, Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The money pipeline for deforestation must stop now

2021-11-01 | Friends of the Earth US, Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking centers of Brazil, Indonesia, China, the United States and Japan are bankrolling global deforestation, new analysis finds

More than USD 238 billion in credit has been provided to companies driving tropical deforestation globally since the Paris Climate Agreement
2021-10-29 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fool’s Paradise: How Biodiversity Offsets Don’t Stop Biodiversity Loss

2021-10-28 | Friends of the Earth US
BankTrack news BankTrack blog Partner news Partner blog

Fool’s Paradise: How Biodiversity Offsets Don’t Stop Biodiversity Loss

2021-10-26 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top global banks and investors made an estimated USD 1.74 billion in income since Paris Climate Agreement from deals with agribusinesses linked to destruction of climate-critical forests and human rights abuses

2021-10-21 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

To fight the climate crisis, banks must stop financing factory farming

2021-10-19 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Household brands and global financiers including BlackRock linked to clearance of tropical rainforest, human rights abuses in Papua New Guinea

Undercover investigation reveals tainted palm oil has been sold on to household brands including Kellogg’s, Nestlé, and The Hershey Company.
2021-10-07 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental justice and human rights organizations address global leaders ahead of COP26: Carbon offsets don't stop climate change

Over 170 organizations including Amazon Watch, Food & Water Watch, Indigenous Environmental Network, Sunrise Movement, Gulf Coast Center for Law and Poverty, Friends of the Earth, and more around the world, sign statement opposing carbon offsets
2021-10-06 | Oakland, California | Amazon Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase strengthens palm oil policy, but fails to move on fossil fuels, rights, or deforestation more broadly

Urgent action needed on climate and human rights, but fossil fuel’s biggest banker largely maintains business as usual
2021-10-04 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Asian Development Bank: Don’t finance dirty biomass!

2021-09-17 | Global Forest Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate Assembly calling for urgent and equitable action ahead of COP26

A gender-inclusive convening with representation from 40 countries with over 90 presenters, including panel on divestment from fossil fuels and deforestation
2021-09-07 | BankTrack, WECAN
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon

2021-09-06 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
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Indonesian paper giant APP takes over North American Domtar, putting the company’s credibility at risk

2021-07-30 | Sergio Baffoni – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Less Rainfall Caused by Amazon Deforestation Could Lead to Almost $200B in Losses for Beef and Soy Sectors

2021-06-10 | Chain Reaction Research
BankTrack news BankTrack blog Partner news Partner blog

‘Green’ Bonds Can Worsen Social And Environmental Impacts, New Study Finds

2021-06-10 | EPN International
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks urged to divest from firms linked to deforestation

China funnelling billions into harmful production of beef, soy and palm oil, says campaign group
2021-06-09 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Under the spotlight: Chinese banks' risky agribusiness portfolio

New Global Witness analysis shows Chinese banks are pouring billions into destructive agribusiness linked to global deforestation, highlighting huge gaps in environmental and social risk management
2021-06-07 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

U.S. and Argentine investors tied to illegal land deals and deforestation in Brazil

2021-05-26 | Publica
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas reaffirms its commitments to help preserve biodiversity

2021-05-11 | BNP Paribas
Blog
BankTrack news BankTrack blog Partner news Partner blog

China is world’s second largest financier of deforestation-linked commodities

New study finds significant risk associated with nearly 15 billion USD in loans and underwriting by Chinese financial institutions
2021-05-04 | BankTrack, Forests & Finance, Profundo, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s largest bank targeted by climate resolution

2021-03-29 | Tokyo | 350.org Japan, Kiko Network, Market Forces, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
BankTrack news BankTrack blog Partner news Partner blog

The banking industry’s role in the biodiversity crisis

2021-02-22 | Varsity
BankTrack news BankTrack blog Partner news Partner blog

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
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Why British biomass energy is a burning issue for Estonia

2020-12-09 | Engineering & Technology
Blog
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Major global banks complicit in widespread destruction of the Amazon rainforest linked to Brazilian beef companies, and international audits flawed

2020-12-03 | Global Witness
Blog
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American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
Blog
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A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
Blog
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Global Witness, BankTrack and 19 other civil society organisations call on UK government not to leave finance out of a proposed new law on deforestation

2020-10-06 | United Kingdom | BankTrack, Global Witness
Blog
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Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
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Largest US investors undermine efforts to halt rainforest destruction, new report finds

Rainforests face unprecedented fires, yet BlackRock, State Street and Vanguard have consistently voted in favor of deforestation.
2020-09-15 | Washington | Friends of the Earth US
Blog
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New report reveals European banks financing trade of controversial Amazon oil to U.S.

Banks in Switzerland, France and the Netherlands facilitate trade from Amazon Sacred Headwaters region in Ecuador, where oil extraction contributes to spills, human rights abuses and climate destruction
2020-08-12 | Geneva, Switzerland | Amazon Watch, Stand.earth
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Civil society denounces Indonesia’s government siding with companies threatening Indigenous Peoples, endangered species and the environment

2020-06-04 | Indonesia | Environmental Paper Network
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BrasilAgro’s string of new farmland acquisitions signals ongoing land speculation

2020-05-19 | Chain Reaction Research, Chain Reaction Research
Blog
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MUFG falls behind peers in new ESG finance policy announcement

MUFG’s policy revisions “disappointing”, says Rainforest Action Network
2020-05-14 | Rainforest Action Network
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Rekentruc voor houtstook brengt meer stikstof in de lucht

(article in Dutch) De stikstofuitstoot moet dalen, maar twee energiebedrijven mogen juist meer uitstoten met houtovens. Daarvoor gebruiken ze oude, achterhaalde vergunningen.
2020-04-29 | Trouw
Blog
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Japan’s 2nd largest bank – Mizuho – announces strictest ESG policies to date in Japan

Japan’s 2nd largest bank – Mizuho – adopts NDPE criteria for forest sector clients and announces strictest ESG policies to date in Japan – This puts the bank well ahead of its competitors SMBC & MUFG
2020-04-22 | Forests & Finance
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The problem with biomass: Why investors need to step up on the next climate challenge

2020-04-21 | ShareAction
Blog
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Climate and forest campaigners call on BlackRock to divest from wood-burning energy

2020-03-23 | London, UK | Biofuelwatch
Blog
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Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
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Report: The five biggest financiers of new Amazon oil boom

BlackRock, Goldman Sachs, Citigroup, HSBC, and JP Morgan Chase defy their own commitments by backing dangerous oil and gas extraction in the western Amazon
2020-03-12 | Oakland, California | Amazon Watch
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We are letting banks off the hook for financing environmental destruction - that must change

2019-10-23 | Independent
Blog
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Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

New investigation by Global Witness uncovers for the first time a truly global picture of major financial players driving $44 billion into companies directly or indirectly involved in deforestation in the Brazilian Amazon, the Congo Basin and Papua New Guinea.
2019-09-23 | Global Witness
Blog
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Global NGOs: Dirty Dozen Companies Driving Deforestation Must Act Now to Stop the Burning of the World's Forests

Groups call for the immediate suspension of all business and financing with traders active in the Brazilian Amazon "The Amazon is on fire. Corporations share the blame. They need to become part of the solution."
2019-08-30 | Amazon Watch
Blog
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Warning issued to investors: Forest biomass is risky business

Briefing by environmental groups highlights serious financial, legal and reputational risks
2019-05-02 | Biofuelwatch, Global Forest Coalition, Mandy Haggith – Environmental Paper Network
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Traders, farmers fined over links to deforestation in Cerrado

2018-05-24 | Feed Navigator
Blog
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The Chain: Paradise Papers Links APRIL’s Tax Avoidance to Deforestation and Banks, Could Impact USD 500 Million Loan

2017-11-16 | Chain Reaction Research
Blog
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Grangemouth renewable energy biomass power station: an unsustainable, high-risk potential investment

Investor briefing on 120MW biomass power plant in Scotland
2017-11-01 | Biofuelwatch
Blog
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“Responsible” investors under scrutiny for investing in climate-destroying banks

2017-09-26 | Rainforest Action Network
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New investor guide aims to help navigate social and environmental risks of commodities supply chains

While beef, palm oil, and soy are the subject of much scrutiny these days, Ceres has released a new investor guide, called Engage the Chain, that goes well beyond those staples, covering the environmental and social impacts of eight different agricultural commodities: beef, corn, dairy, fiber-based packaging, palm oil, soybeans, sugarcane, and wheat.
2017-06-28 | Mongabay
Blog
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New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
Blog
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Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
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Friends of the Earth announces historic verdict in Indonesia’s fight against deforestation

Government forced to take stronger action on forest fires
2017-04-05 | Friends of the Earth
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Scientists warn Amazon peatland could face 'environmental disaster' due to palm oil threat

2017-03-23 | Energy Desk Greenpeace
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Comment: Deforestation presents a material risk for investors

NGOs and investors are increasingly pressing companies to take action against deforestation, say Mindy Lubber and Fiona Reynolds
2017-03-17 | Environmental Finance
Blog
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Scandinavian banks linked to violations of indigenous peoples’ rights in Borneo

2017-03-07 | Stockholm, Sweden | Fair Finance Guide Sweden, Swedwatch
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HSBC funding destruction of vast areas of Indonesian rainforest, new report claims

2017-01-17 | London | Independent
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Indonesia's plans to protect its peatland forests are fatally flawed

2017-01-09 | The Ecologist
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Indonesia's forest concessionaires required to restore peatland

2016-12-31 | The Jakarta Post
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Indonesian civil society writes to banks: APRIL failing to implement its own policy

2016-11-29 | Environmental Paper Network
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Haze from Indonesian fires may have killed more than 100,000 people – study

2016-09-19 | The Guardian
Blog
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New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Blog
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American retirement funds are destroying rainforests

Innovative new web tool empowers citizen investor action on deforestation
2016-07-27 | Washington, D.C. | Friends of the Earth US
Blog
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Environmental Paper Network and BankTrack publish minimum requirements for financiers of pulp and paper industry projects

2016-06-03 | EPN and BankTrack
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EU Investors, Land Grabs and Deforestation: Case-Studies

2015-06-11 | Fern
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Over 80% of future deforestation confined to just 11 places

2015-04-28 | WWF
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Forest Sector Transformation newsletter

2015-04-01 | WWF
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