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Major banks providing billions in “sustainable” loans to deforestation-linked companies
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Major banks providing billions in “sustainable” loans to deforestation-linked companies
Global Witness found companies linked to deforestation and human rights violations are still able to access “sustainability-linked” loans, raising serious questions for ESG investors and government regulators Key findings Over 100 banks arranged $31 billion in sustainability-linked loans to palm oil companies despite firms’ alleged links to deforestation Standard Chartered and HSBC amongst major banks who together provided half a billion dolla…
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