Tom Picken News Today

A new report by the Forests & Finance Coalition shows that asset managers including BlackRock, Vanguard and Fidelity Investments have limited or no policies covering the ESG risks of investing in forest-risk commodity companies.

Most of them have failed to manage and mitigate environmental, social and governance risks

The world's largest financial institutions increased their backing of companies in the agriculture, forestry and land use sectors most responsible for deforestation in 2021, a new study showed on Tuesday (Oct 18). Issued by the Forests & Finance Coalition of non-governmental organisations, which looks to improve transparency, policies, systems and regulations in the financial sector, the report found that finance...

By Juliette Portala (Reuters) - The world's largest financial institutions increased their backing of companies in the agriculture, forestry and land ...

Banks based in China, the United States, Indonesia and Brazil have invested billions of dollars in businesses carrying out, or linked to, deforestation since the Paris Agreement on climate change was adopted in 2015, researchers said on Thursday. - VnExpress International

Banks based in China, the United States, Indonesia and Brazil have invested billions of dollars in businesses carrying out, or linked to, deforestation since the Paris Agreement on climate change was adopted in 2015, researchers said on Thursday.

Chinese banks have been accused of financing deforestation around the world Chinese banks are the second largest financiers of raw materials mixed in tropical forest deforestation, according to a study that questions Beijing’s intentions to become a world leader in the fight against climate change. A global coalition of non-governmental organizations, according to data analyzed by Forests & Finance, reported that between January 2016 and April 2020, Chinese organizations provided $ 15 billion...