The findings are being made public as negotiators from around the world prepare to meet in Colombia for COP16, to take stock of progress made on protecting biodiversity since their last summit in 2022.
Banks and asset managers are continuing to channel tens of billions of dollars into companies whose operations directly threaten the future of tropical rainforests including the Amazon, according to a new study.
The finance industry has allocated at least US$77 billion ($100.83 billion) to such clients over the past two years, Rainforest Action Network and nine other non-profits in the Forest and Finance Coalition said on Wednesday.
