Seven largest Swedish banks contribute to Amazon deforestation

Tuesday, September 21, 2021

A new report from Fair Finance Guide Sweden - Forests on Fire - shows that the seven largest banks in Sweden continue to invest billions in soy and meat companies that contribute to deforestation in the Amazon and Cerrado.

The report reveals that none of the banks have engaged sufficiently with the companies involved. This means that the banks contribute to climate change, violations of human rights, collapsing ecosystems and long-distance animal transports.

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