Six months since its adoption, banks and financiers have yet to develop concrete plans to implement the Kunming-Montreal Global Biodiversity Framework (GBF).
Today 62 civil society organizations and networks – whose members include over 370 groups across 85+ countries on six continents – have sent an open letter to the Taskforce on Nature-related Financial Disclosures (TNFD) highlighting that its final draft fails to address some of its worst flaws that will facilitate greenwashing.
Mounting pressure from climate and human rights activists has led numerous lenders to back out of the controversial East African Crude Oil Pipeline (EACOP) project. This month, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (SMBC) ruled out of financing the project, adding to the list of 25 banks and 23 insurance companies that have publicly committed to not support EACOP.
The Forests & Finance coalition published a blog with a summary of key issues regarding the Taskforce on Nature-related Financial Disclosures (TNFD).
Justiça Ambiental (JA!), ReCommon, BankTrack and Friends of the Earth France have published a blog on the potential financiers of the Rovuma LNG project. The groups contacted potential financiers and asked them to rule out financing for Rovuma LNG. BNP Paribas and UniCredit are the first two banks to rule out finance.
禁入区域五：该简报解释了为什么银行和金融机构应禁止对对自由流动的河流产生负面影响或改变的商业活动进行融资。简报提供了有用的经验教训和关键要点，解释了国际银行业应如何制定强有力的政策，以保护自由流动的河流和依赖河流的社区。
禁入区域四：该简报详细介绍了银行和金融机构如何通过与森林高风险相关的部门融资，推动了森林退化和森林砍伐。该简报呼吁银行和金融家停止为毁林和森林退化相关的商业活动提供资金，制定强有力的森林政策，同时保护森林居住的当地和原住民社区。
No Go area 5: Free flowing rivers explains why it is important for banks and financiers to prohibit direct and indirect financing to harmful activities which negatively impact or alter free flowing rivers. The paper offers useful lessons and key takeaways on how the international banking sector can establish strong water and exclusionary policies to protect free flowing rivers and the communities reliant on them.
No Go area 4: Primary and vulnerable secondary forests details how banks and financiers are driving forest degradation and deforestation by financing sectors tied to high forest risks. The paper urges banks and financiers to stop financing deforestation and forest degradation by developing robust forest policies which also protect forest dwelling local and Indigenous communities.
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