The Papua New Guinean (PNG) government has disregarded a decision by its Supreme Court and allowed loggers found guilty of flouting PNG law to continue operating, new research by Global Witness...
Forests and finance: the banks and investors exposed to deforestation risks in Southeast Asia
Rainforest Action Network (RAN), TuK INDONESIA and Profundo have published a new briefing paper and interactive online web platform as part of a growing Forests and Finance campaign targeting investors and financial institutions financing companies implicated in tropical deforestation in the Asia Pacific region.
The research finds that between 2010 and 2015 at least USD38 billion worth of commercial loans and underwriting facilities were provided to just 50 companies that impact natural tropical forests in Southeast Asia, through their production and primary processing operations of palm oil, pulp & paper, rubber and tropical timber. The forest operations of these 50 companies were supported by an additional USD14 billion worth of bond and shareholdings at the start of 2016.
The tropical forests of Southeast Asia have some of the highest rates of deforestation in the world resulting from the large-scale expansion of these forest-risk commodities.
To find out more visit the forestsandfinance.org website