Tackling deforestation risk in financial portfolios
14 May 2024
Writing in GreenBiz, AFi Director Jeff Milder outlines the practical steps financial institutions can take to manage deforestation and related risks using the Accountability Framework.
Financing companies that drive deforestation or that are linked to human rights issues is no longer an acceptable ‘business as usual’ approach. Whether through legislation or consumer demand, banks and other financial institutions are under pressure to adjust their policies and operations to address forest risk in their portfolios.
Tackling deforestation risk in financial portfolios outlines concrete actions for financial institutions to set credible policies on deforestation, assess exposure and risk, and engage clients and holding – all in line with the consensus-based guidance of the Accountability Framework and finance-focused tools developed by members of the AFi Coalition.