Banks Keep Plowing Billions Into Clients Threatening Rainforests [Yahoo! Finance]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
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Source: Yahoo! Finance
Most Read from Bloomberg The finance industry has allocated at least $77 billion to such clients over the past two years, Rainforest Action Network and nine other nonprofits in the Forest and Finance Coalition said on Wednesday. The findings are being made public as negotiators from around the world prepare to meet in Colombia to take stock of progress made on protecting biodiversity since their last summit in 2022. Since the Paris climate agreement was struck in late 2015, close to $400 billion has been directed to companies whose production of everything from beef to palm oil, pulp, paper, rubber, soy and timber is tied to the destruction of critical forested lands, RAN said. Brazilian banks Banco do Brasil SA, Banco Bradesco SA and Itau Unibanco SA topped RAN's league table for loans and underwriting to “forest-risk” commodity companies during the 18-month period ended in June. (RAN noted that its access to better data for Brazilian banks may make them look disproportionatel
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