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Banks and investors are under increasing scrutiny for their financing of commodities driving tropical deforestation, and rightly so. The environmental, social, and governance… Read More
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Following a 2-year investigation by the Forest Stewardship Council (FSC) into Korindo, the FSC released on Monday 5th November a summary of its findings. It… Read More
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The Principles for Responsible Banking (PRB), a bank-led initiative supported by the UN Environment Programme Initiative (UNEP-FI), was launched on 22 and 23 September… Read More
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Key findings: There have been 72,843 fires in Brazil this year, 84% more than the same period last year. Deforestation has spiked by 54%… Read More
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Runaway fires in July-August have prompted six Indonesian provinces to declare a State of Emergency.[1]The haze has become an international environmental and public… Read More
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The governments of Malaysia and Indonesia are anxious to decouple palm oil’s association with deforestation and climate change. Palm oil prices have been tumbling for… Read More
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Japanese, Chinese, Malaysian and Indonesian banks remain largest financiers of forest-risk companies in Southeast Asia - some progress made in ESG financing policies, but not nearly enough Read More
Some progress made in ESG financing policies, but not nearly enough
The new principles set out a new framework which will hold the banks accountable for their environmental, social and economic impacts.
Indonesian and Japanese Banks Implicated in Korindo’s Illegal Deforestation and Rights Abuses.
