September 1, 2023

No Go area 8: Iconic, Transboundary Ecosystems explains why it is critical for banks and financiers to prohibit direct and indirect financing to harmful activities which negatively impact iconic, transboundary ecosystems. As transboundary ecosystems span across different jurisdictions and management, the protection of iconic, transboundary ecosystems demands protecting the entire ecosystem, rather than just pockets or fragments. For instance, iconic ecosystems like the Amazon may soon collapse due to fragmentation caused by deforestation and extractive activities simultaneously occurring across Amazon countries. This paper offers key takeaways for banks and financiers on how to protect iconic, transboundary ecosystems and the Indigenous ad local communities who live there.

No Go area 7: Areas where Free, Prior and Informed Consent has not been obtained by Indigenous Peoples and local communities demonstrates the vital role of Indigenous Peoples and local communities play in protecting biodiversity. It explains the nuances in how Free, Prior, Informed Consent (FPIC) is a unique right to Indigenous Peoples guaranteed under international law, whereas FPIC can be used as a best practice in engaging local communities. The paper provides useful lessons and key takeaways on how the international banking sector can establish robust Indigenous Peoples policies.

No Go area 6: Protected or at-risk marine and coastland ecosystems offers key takeaways on how the international banking sector can strengthen policies to fully protect at-risk and protected marine and coastland ecosystems and respect the rights of Indigenous Peoples and local communities.