Global banks can play a role in fighting deforestation in the Amazon. By putting in place strong social, environmental and governance standards, banks can ensure they avoid lending to companies whose practices are driving deforestation and instead promote sustainable business practices.
Sectors including agriculture, cattle ranching, and extractive industries including oil and gas exploration, mining and logging, are known to be driving deforestation in many cases. This report explains our research, analysing the environmental and social policies of ten leading financial institutions. Although many of these global banks are making strides in improving their policies, they have opportunities to put in place stronger safeguards to avoid lending to companies that drive the loss of forest habitat in fragile regions, such as the Amazon.