Banking on Biodiversity Collapse report – Indonesian Edition

TuK INDONESIA together with the Forests & Finance Coalition today released the Banking on Biodiversity Collapse (BOBC) report (Indonesian Edition) a comprehensive data on the role of big financing in driving deforestation, biodiversity loss, climate change, and human rights abuses in tropical forest regions. The report reveals that since the Paris Agreement, Indonesian banks such as Bank Mandiri, BRI, BCA and BNI have become the largest banks in Southeast Asia that risk forests in Indonesia. Based on market capitalization (June 2023), these banks provide financing of around USD30.5 billion (40%) of total credit to palm oil, pulp & paper, rubber and wood companies operating in Indonesia.