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Financial institutions have ‘blind spot on deforestation’, says Global Canopy

Illegal deforestation
The report states that deforestation contributes to 11% of the world’s greenhouse gas emissions and goes hand in hand with biodiversity loss and human rights abuses (Photo: Vedrana2701/Envato)

A new report says financial institutions are failing to incorporate deforestation into their net zero commitments

The majority of financial institutions do not include deforestation as part of their net zero targets, non-profit Global Canopy says. 

The organisation’s Deforestation Action Tracker 2023 assessed whether 700 financial ...

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