Major banks 'co-responsible' for plastics crisis, first-of-its-kind investigation argues

clock • 4 min read

The world’s biggest banks are indiscriminately funding firms responsible for devastating marine ecosystems and fuelling climate change via their plastics production, a new report from Portfolio Earth concludes

Major banks are "co-responsible" for the plastics crisis that is afflicting the world's oceans and fuelling climate change, according to a first-of-its-kind investigation into the loans and funding provided...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

FCA sustainability labels improve trust in fund claims but usage remains low

FCA sustainability labels improve trust in fund claims but usage remains low

Michael Nelsen, Investment Week
clock 20 October 2026 • 3 min read
FCA has no plans for separate response to Advisers Sustainability Group open letter

FCA has no plans for separate response to Advisers Sustainability Group open letter

Investors express disappointment at response to calls for greater clarity on how to engage with sustainable investment

Michael Nelson, Investment Week
clock 16 October 2026 • 2 min read
Banking on Biodiversity Collapse: Banks accused of pumping $595bn into drivers of nature loss since 2020

Banking on Biodiversity Collapse: Banks accused of pumping $595bn into drivers of nature loss since 2020

Damning report urges banking sector to strengthen nature safeguarding policies and calls on governments to tighten regulations ahead of COP17 Summit

Stuart Stone
clock 14 October 2026 • 5 min read