Forests & Finance assesses the finance received by over 300 companies directly involved in the beef, soy, palm oil, pulp and paper, rubber and timber supply chains, whose operations may impact natural tropical forests and the communities that rely on them in Southeast Asia, Central and West Africa, and parts of South America. A beta dataset also assesses the finance received by 22 mining companies operating in the same regions.

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Helping You Research & Analyze by

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Identifying trends

Explore how much money flows into different forest-risk commodity sectors across tropical forest areas during specific timeframes.

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Revealing transaction Data

Dig deeper into our database of banks, investors, and deforestation-risk companies, with up to 10 search criteria options.

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Assessing policies and exposure

See how banks and investors measure up on environmental, social and governance (ESG) policies and their exposure to forest-risks


New blog!
@TNFD_ final draft is out tomorrow. So here again are key questions CSOs will continue to ask of its latest draft & a real-world example of how bad disclosures = greenwashing.

We joined @WhatsNYourPapr, @biofuelwatch, @DogwoodAlliance, @TuK_Indonesia to outline how banks and financiers should work to establish policies that prohibit projects that harm vulnerable forests.

Read more here ⤵️

New methodology shines a light on how financial institutions can assess who owns shadow companies and off balance-sheet operations.
Lack of transparency within the food and natural resource sectors poses a barrier to nature protection and social justice.

On #IntlForestDay we call on all banks and investors to adopt strong no Deforestation, No Conversion, No Peat and No Exploitation (#NDPE policies), and to align all their financial flows with the goals and targets of the Global Biodiversity Framework.

The final draft of @TNFD_ is due out on 28 March.

To read our updated list of rights holder & CSO concerns, comments & statements about TNFD’s greenwashing potential go here:

We call on JBS financiers to stop funding the meatpacking giant until it resolves issues in its supply chain. Prosecutors in the 🇧🇷 Amazon state of Pará corroborated large-scale illegal #deforestation, which we also identified in our reports

Read more 👇

The Net Zero claims of meatpacker JBS were found to be unsupported by the US National Advertising Division.

Not really a surprise, but investors may want to reconsider their investments…

“Shocking expose by ICIJ on TNFD taskforce member KPMG’s work on auditing companies accused of deforestation. The latest in a line of taskforce members with a deeply concerning environmental record.”

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Beta Data Set

Explore The Role that Mining Finance Plays In Deforestation

Forests & Finance has launched a new dataset (in beta version), which assesses the finance received by mining companies whose operations may impact natural tropical forests and the communities that rely on them in Southeast Asia, Central and West Africa, and parts of South America.

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How The Data Was
Obtained and Processed

  • Scope of the data

    This project assesses the financial services received by over 300 companies directly involved in the beef, soy, palm oil, pulp and paper, rubber, and tropical timber (“forest-risk sector”) supply chains, whose operations impact natural tropical forests in Southeast Asia, Central, and West Africa, and parts of South America.

  • Source of the data

    The financial data was retrieved from: financial databases (Bloomberg, Refinitiv, Thomson EMAXX, TradeFinanceAnalytics, and IJGlobal); company reports (annual, interim, quarterly) and other company publications; company register filings; as well as media and analyst reports. These were used to identify corporate loans and underwriting facilities provided to the selected companies for the period 2013-2022 (September), and bondholding and shareholding data for September 2022.

  • Adjustment of the data

    Companies with business activities outside of the forest-risk sector had recorded amounts reduced to more accurately present the proportion of financing that can be reasonably attributed to the forest-risk sector operations of the selected company, in the selected regions and countries (see Adjusters).

For more information, please see the methodology section.

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Featured Story Using Our Data

Briefer on the TNFD

All you always wanted to know about the
Taskforce on Nature-related Financial Disclosures (TNFD), including:

– What is the TNFD?

– What does it try to do?

– What are the major shortcomings of the TNFD?

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A Coalition Seeking Change

We seek to improve financial sector transparency, policies, systems, and regulations to prevent financial institutions from facilitating systemic adverse Environmental, Social and Governance (ESG)  impacts that are all too common in the operations of many forest-risk commodity sector companies.

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