New Lending And Investment Tool Sets Agricultural Supply Chain On Sustainable Path
New Lending and Investment Tool Sets Agricultural Supply Chain on Sustainable Path, Reducing Deforestation Threat
A new lending and investment policy tool for financial institutions, unveiled today, aims to reduce the deforestation risk caused by the unsustainable production, trade, processing and retail of soft commodities, especially soy, palm oil and beef.
New research by the UN Environment Programme (UNEP) and the Natural Capital Declaration highlights the critical need to fundamentally strengthen how financial institutions view, address and manage deforestation and degradations risks.
Of the 30 financial institutions assessed, the majority did not have policies that explicitly require clients to comply with applicable local, national and ratified international laws and regulations related to forest conservation.