The UK banking sector has poured over £1 billion ($1.4bn) into “forest-risk” companies globally since COP26, undermining the country’s commitments made at the 2021 Glasgow climate conference – according to new analysis by Global Witness in collaboration with the Forests & Finance coalition. This Global Witness analysis, published recently, is based on new Forest & Finance coalition data prepared by independent research organisation Profundo. The study found that in 2024, UK financiers ranked as the third-largest investors in shares and bonds issued by “forest-risk” companies, behind only the US and…
Read MoreUK banks poured over £1 billion into ‘forest-risk’ companies since 2022 – defying country’s landmark anti-deforestation pledge
