Bank buildings
European banks and asset managers play a major role in deforestation, a new report by Global Witness shows.
Lenders based in the EU have earned a reported €401m from deforestation, out of more than €30bn worth of deals with companies linked to logging.
Researchers analysed over 70,000 financial deals struck between financial institutions and agribusiness companies between 2016 and 2020.
Deal-making was dominated by big banks from the Netherlands, France, Spain, Germany, and Italy.
The report shows that Rabobank, HSBC, BNP Paribas and Deutsche Bank have invested billions in companies with proven links to deforestation.
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Thank you, Enrico!
Brilliant.
Thank you, Pete!
That's fantastic Gatis, very inspiring. My vote