Pulp and paper sector is one of the major drivers of deforestation in Indonesia. Photo: Sofi Mardiah/CIFOR Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0)

Banks’ support for deforestation grew since Paris Agreement

Since the Paris Agreement of 2015, three hundred corporations contributing to commodity-related deforestation have received $267 billion in funding, according to the NGOs coalition Forests & Finance. Amazon and Southeast Asia are the epicenters of this phenomenon

Re Soil Foundation