Report released on the five year anniversary of Indonesia’s Sustainable Finance roadmap examines the successes and failures of this initiative
Indonesia has yet again witnessed another year scarred by catastrophic fires that have caused immense damage and blanketed the country and its neighbours in a toxic haze.
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 2019 as part of NY Climate Week and the United Nations General Assembly. 130 signatory banks – representing more than USD 47 trillion in assets and one third of global capital […]
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%under Bolsonaro’s presidency due to the aggressive policies that override decades of environmental conservation and human rights. Attacks on indigenous land rights have led to an increase of 150% of land-grabbing […]
Runaway fires in July-August have prompted six Indonesian provinces to declare a State of Emergency.The haze has become an international environmental and public health crisis, and has been described by President Joko Widodo as a national embarrassment.The infernos are have become a recurring pattern in Indonesia’s biggest oil palm and wood fibre producing provinces, where […]
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 two years, and many analysts believe this isn’t just caused by a cyclical oversupply, but by the enduring concerns about its environmental and social impact, and inherent substitutability for other […]
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