Tuesday, May 4, 2021

Chinese Forest-risk Financing

 The Rainforest Action Network commissioned a report titled "Chinese Banks' Forest-risk Financing: Financial Flows and Client Risks."

The report provides an overview of the financing of forest-risk companies engaged in six deforestation-risk commodities in Brazil, Central and West Africa, and Southeast Asia by Chinese financial institutions, which are the second largest financiers of forest-risk companies covered by the database.  Between January 2016 and April 2020, Chinese financial institutions provided about $15 billion in forest-risk loans and underwriting services.  Central and West Africa accounted for $2.8 billion of this total, mainly for rubber and timber.