They can’t cut down the forests, if we cut off their money.
Cutting down vast areas of forest for industrial development costs a lot of money.
The world’s worst forest destroyers rely on big banks to finance incredibly expensive operations such as palm oil plantations or paper and pulp mills.
By connecting the dots between companies that operate the bulldozers and chainsaws and the financial institutions that fund this dirty work, we can hold banks and government agencies accountable — and apply pressure on them to change their policies and change their practices.
RAN has a successful track record working in the financial sector to create real change on the ground. And with strategic campaigns and the support of our network, we can force banks to stop investing in companies engaged in deforestation, habitat destruction, species extinction, climate pollution and human rights violations.
It’s time for banks to start investing in the planet’s future — not its failure.
Where is your money actually spent?
Three and a half billion people around the world have bank accounts — but many of us have no idea what banks do with our money. The sad truth is that many big banks use our money to support some of the world’s most egregious tropical forest destroyers.
The worst offending banks are based in Malaysia, China, Japan, Indonesia, Singapore, Europe and the U.S., bankrolling massive deforestation operations in the Southeast Asia palm oil and pulp and paper industries. For too long, big banks located far from any rainforests have funded this growing disaster with impunity. They are earning billions of dollars without being held accountable for the consequences of their investments.
That changes now.
Drawing from years of experience running finance campaigns to stop the funding of extreme energy projects like mountaintop removal coal mining, RAN and our allies are opening up a new front in our decades long fight against deforestation. We are using field investigations, supply chain research, case studies and innovative online platforms to shine a light into the dark corners of global deforestation.
We will be working to strengthen the regulatory bodies that oversee big banks and we will be naming names and exposing bad actors to pressure them to adopt robust new corporate policies that break the link between the projects banks finance and the worst impacts of forest destruction, human rights abuses and climate pollution.
New Online Tool Reveals the Banks and Investors Exposed to Deforestation Risks in Southeast Asia
Visit our new interactive online platform that brings to light the scale and trends in financial services provided to companies involved in tropical deforestation, providing for the first time an insight into how ‘forest-risk’ companies are financed and by whom.
The online platform allows users to see the deals between banks and investors and major palm oil, pulp & paper, rubber and timber companies operating in Southeast Asia. The platform also scores the environmental and social policies of the banks involved and features case studies to show the impacts of this money on forests and people.