Biodiversity collapse

This month, our friends launched the first “Banking on Biodiversity Collapse” report. This report provides a comprehensive analysis into the role Big Finance plays in driving deforestation, biodiversity loss, climate change and human rights abuses in tropical forest regions.

This report is written by the Forests & Finance coalition, including the organizations Rainforest Action Network, TuK Indonesia, Profundo, Amazon Watch, Repórter Brasil, BankTrack, Sahabat Alam Malaysia and Friends of the Earth US.

From beef, to palm oil, to pulp & paper, rubber, soy, and timber — we know that Big Agribusiness is driving deforestation around the world. But they’re not the only ones to blame. This report calculated that banks have pumped over USD $307 BILLION into companies driving tropical deforestation since 2016.

Our planet can’t take it. Read the new report here. Then go one step further and amplify the report, you can use this toolkit to share the report with your friends.

The report scored major U.S. banks on their forest protection policies — and the results are bleak:

Citi scored 3.7 out of 10
Bank of America scored 2.2 out of 10
Chase scored a DISMAL 1.5 out of 10

In the face of the climate crisis, financial policies are woefully inadequate, riddled with loopholes and include little recognition of human rights. Most banks have NO policies at all to prevent financing deforestation, biodiversity loss or rights abuses.

Support this research by amplifying the report – use their toolkit here to share and post the report on your social media – and don’t forget to tag our #1 target, Citibank!

In solidarity,
– the Stop the Money Pipeline team

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