News

Banks pump billions into deforestation-linked firms in Southeast Asia: study

7 September 2016
The Indian Express
(Illegal logging) / Banking and financial services / Banking and financial services policy and regulation / Crop products and commodities / Deforestation drivers / Economy and commerce / Environment and natural resources / Forest cover / Forests and forestry / Industries / Logging and timber / Major banks / Palm oil / Paper and pulp / Rubber
Rahmawati Retno Winarni / Rainforest Action Network / Regional / Southeast Asia / Tom Picken / Tuk Indonesia

Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed on September 6, and called on lenders to stop “fuelling forest crime”. Southeast Asia is home to some of the world’s most diverse rainforests, but ...

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Banks pump billions into deforestation-linked firms in Southeast Asia: study

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