Why did only 30 firms sign up to tackle deforestation?

13,200 sq km of rainforest razed in a year

clock • 4 min read
Destruction of the rainforest is at its worst rate since 2006
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Destruction of the rainforest is at its worst rate since 2006

The pace of destruction of the Amazon rainforest is at its worst since 2006 and yet only 30 financial institutions signed up to the deforestation pledge that came out of COP26. What is holding firms back and what is being done to encourage them to tackle the issues?

More than 13,200 sq km of rainforest was razed in the 12 months between August last year and July, according to data from the National Institute for Space research released in November. This is a 22% jump...

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