The World Bank continues to indirectly finance some of Asia’s largest coal developers despite its pledges to stop doing so and align with the Paris Agreement, according to a new…
Some of the world’s largest banks and financial institutions are helping to finance beef companies linked to the destruction of the Paraguayan Gran Chaco, according to a report published by…
JAKARTA — Indonesia's four largest banks handed out loans totaling $3.5 billion of direct loans to the coal industry from 2015-2021, despite their stated commitments to sustainable financial practices, a…
DHAKA — Wasim Ali, 45, lived in one of the 55,000 houses destroyed by the deadly Super Cyclone Amphan in May of 2020. The tropical storm whipped up a tidal…
JAKARTA — The United Nations has reiterated its concerns over allegations of human rights violations in a mega infrastructure tourism development project on the Indonesian island of Lombok. In light…
JAKARTA — A surge in coal prices is driving a wave of bank loans to miners in Indonesia, the world's fifth-largest coal producer and top exporter. By continuing to finance…
U.S. and European banks are invested in oil extraction that threatens the Amazon biome, and their environmental and social risk (ESR) policies aren’t strong enough to prevent its worst impacts,…
The world’s 50 largest financial institutions increased their investments in deforestation-linked commodity companies by more than $8 billion since the early months of the Covid-19 pandemic, a new report has…
Exchange-traded funds, or ETFs, have swept through the financial world, building to a collective worth of $6.7 trillion by the second half of 2020. An ETF is a sort of…
Note: CIMB has issued a response to this piece. It’s that time of the year: Indonesia is burning once again. Miles and miles of primeval forest are being lost to…
The use of coal as an energy source is steadily declining in the U.S. and Europe, but coal mining and the construction of coal-fired power plants continues across South and…
A pork and chicken producer has expanded its operations in northern Ecuador with the help of funding from the World Bank's commercial lending arm, despite sustained complaints from local communities…
Industries that cause the loss of rainforest and peatlands in Southeast Asia were bankrolled to the tune of $62 billion between 2013 and 2018, according to new data released by…
On June 21 last year in Sarawak, Malaysia, opposition politician and indigenous rights campaigner Bill Kayong was shot dead through the window of his pickup truck as he waited at…
Europe’s largest bank has published a new “no deforestation” policy in what environmental campaigners have dubbed a “first step” towards sustainable palm oil finance, which they urge other major creditors…
A new online database is shining light on the big banks and investors funding forest-risk sector companies operating in Southeast Asia, with financiers in Malaysia, China and Europe among the biggest…
