Can banks reverse course to become a solution to global deforestation?
Banks have faced increasing criticism in recent years over their ongoing financial support for environmentally destructive industries, but by tweaking their practices they could become part a critical part of the solution to escalating deforestation and habitat destruction worldwide. That is the core message this month from research by the University of Cambridge Institute for Sustainability Leadership (CISL), which outlines a set of five key actions banks and other financial firms can take to help respond to the biodiversity and climate crises, de-risking their investments in the process. Re...