Banks must use their power to halt a biodiversity crisis caused by mass deforestation in the production of commodities such as soy, beef and timber, experts at the University of Cambridge have said.
A new report from the Cambridge Institute for Sustainability Leadership (CISL) sets out five ways in which lenders can boost financial incentives for agriculture that reverses deforestation and restores natural habitats.
The researchers say banks should align anti-deforestation policies to a new standard of best practice, set measurable targets towards reversing the clearing of trees while ensuring that senior executives regularly review progress against these targets.
The group is also calling on financial firms to advocate for policies that make deforestation commercially unattractive or illegal.
Read the full article at: www.independent.co.uk
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