Report: More than 100 banks arranged 'sustainability-linked' loans to palm oil firms with ties to deforestation

Stuart Stone
clock • 5 min read
Credit: iStock
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Credit: iStock

Banks collectively loaned an estimated $31bn to deforestation-linked companies operating in Indonesia’s palm oil sector, Global Witness claims

More than 100 major banks – including Standard Chartered, Barclays, Crédit Agricole, Rabobank, Bank of China and HSBC – collectively arranged $31bn in ‘sustainability-linked' loans to palm oil companies,...

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