Remove environment deforestation
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UK banks’ support for deforestation firms topped £900m last year

TheGuardian

The environment bill will be debated in parliament on Wednesday and will include requirements for consumer goods companies to carry out due diligence on their suppliers, to ensure they are not selling goods linked to deforestation overseas. Continue reading.

Company 101
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Why Make Paperless A Norm?

BankBazaar

It makes life easy for customers, companies and finally, the environment. It simply reduces deforestation and pollution. To create a further safe and socially distant environment, video eKYCs have been introduced for these products too. Paperless processes for the win. Read on to know how and why. Why paperless?

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Bank group accused of exploiting loopholes and ‘greenwashing’ in climate pledge

TheGuardian

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels Banks that have signed up to a global climate pledge, led by Mark Carney , a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to tighten the rules on their lending. (..)

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European banks urged to stop funding oil trade in Amazon

TheGuardian

Related: Record 212 land and environment activists killed last year Related: UK's biggest pension fund begins fossil fuels divestment Continue reading. The area, covering about 30m hectares (74m acres), hosts a diverse rainforest ecosystem, but it is threatened by the expansion of oil drilling.

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Banks lent £1.9tn linked to ecosystem and wildlife destruction in 2019 – report

TheGuardian

Lack of policies regulating impact on natural world means finance industry effectively bankrolling biodiversity loss, analysis finds The world’s largest investment banks provided more than $2.6tn (£1.9tn) of financing linked to the destruction of ecosystems and wildlife last year, according to a new report.

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Banks and UK supermarkets accused of backing deforestation in Brazil

TheGuardian

By funding and stocking products from Brazilian meat giant JBS, firms have also supported land-grabbing, investigation claims Continue reading.

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