Report: Top banks accused of arranging '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

A report by Global Witness alleges hundreds of banks collectively loaned an estimated $31bn to deforestation-linked companies operating in Indonesia's palm oil sector

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

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