Global asset managers taking 'no action' to stop funding deforestation

Big names include BlackRock and Vanguard

clock • 2 min read
Forest500 report shows financial instiutions are providing $5.5trn to 350 companies that have the most exposure to deforestation
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Forest500 report shows financial instiutions are providing $5.5trn to 350 companies that have the most exposure to deforestation

Nearly two-thirds of financial institutions have no commodity-specific policies to address deforestation risks in their portfolios, including the world’s three biggest asset managers, a report from Global Canopy, an environmental organisation has found.

The latest Forest500 report, released today (13 January) showed BlackRock, Vanguard and State Street, the world top three asset managers by AuM, have not made public policies to avoid deforestation...

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