Sustainability BNP Paribas takes action against deforestation
This also applies to companies that buy related products, it said. BNP Paribas also wants to call on customers not to use beef or soy from the Brazilian savannah region Cerrado. Here, the bank only wants to finance customers who adopt a strategy of stopping deforestation by 2025. Environmental groups welcomed the initiative, but criticized it for not being implemented quickly enough.
The production of beef and soy, which is often used as feed for livestock, are seen as drivers of forest destruction around the globe. In Brazil, according to the organization Amazon Conservation, an area of rainforest the size of Israel alone was cleared last year. Half of the Cerrado has also been developed for agriculture, and the area is one of the most endangered eco-systems on the planet, according to environmental groups.
(Bild: Imago Images / blickwinkel)