Bankrolling extinction: the Banking sector’s role in the global biodiversity crisis
Lack of policies regulating impact on natural world means finance industry effectively bankrolling biodiversity loss, analysis finds. The world’s largest investment banks provided more than $2.6tn (£1.9tn) of financing linked to the destruction of ecosystems and wildlife last year, according to a new report. The findings in the Bankrolling Extinction report were produced by portfolio.earth, a new initiative led by finance, economics and environmental experts to better understand the role of the finance industry in the destruction of the natural world.
