{"id":21819,"date":"2022-11-21T11:00:32","date_gmt":"2022-11-21T10:00:32","guid":{"rendered":"https:\/\/resoilfoundation.org\/articles\/banche-ong-deforestazione\/"},"modified":"2022-11-25T00:31:15","modified_gmt":"2022-11-24T23:31:15","slug":"banks-ngo-deforestation","status":"publish","type":"post","link":"https:\/\/resoilfoundation.org\/en\/economics-and-finance\/banks-ngo-deforestation\/","title":{"rendered":"Banks’ support for deforestation grew since Paris Agreement"},"content":{"rendered":"

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<\/h2>\n

by Matteo Cavallito<\/p>\n

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Despite international agreements and rising alarms on climate crisis and biodiversity loss financial support<\/strong> to deforestation keeps growing according to a report<\/a> released in recent weeks by Forests & Finance<\/strong>, a coalition of various nongovernmental organizations. The survey, which tracked financial flows to major commodity companies operating in tropical regions, includes credits, bonds and equity holdings as of September 2022.<\/p>\n

The research follows a similar study<\/a> reeased two years ago by the organization Portfolio.earth showing<\/a> how the world largest banks lent more than $2.6 trillion<\/strong> to projects linked directly or indirectly to the destruction of ecosystems and wildlife in 2019.<\/p>\n

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Our assessment shows that the policies of banks and investors are dangerously inadequate.https:\/\/t.co\/RxKTkPDmzR<\/a><\/p>\n

— Forests & Finance (@Forests_Finance) October 27, 2022<\/a><\/p><\/blockquote>\n