New research shows that in 2019 the world's largest banks invested more than $2.6trn in sectors which governments and scientists agree are the primary drivers of biodiversity destruction.
Much of this is taking place in the tropics and is driven by agricultural expansion, with forests being cleared to make way for crops and livestock. The production of palm oil, beef and soy alone accounts for 36% of global deforestation. The massive contribution of tropical deforestation to climate change and biodiversity loss is front-page news and poses serious reputational risk to companies. MSCI: Bolder climate change commitments needed in 2021 Various initiatives track deforestation and those who cause it in near real-time and the press is often ready to shine a spotlight on w...
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