WWF: Responsible forest finance can help stop climate change
by WWF Bolivia
(Santa Cruz de la Sierra, Bolivia)
PHOTO: NARDIN PIZARRO / WWF BOLIVIA
Failure by the world’s financial leaders to support responsible forest finance will allow rampant deforestation to continue and contribute to the disastrous effects of climate change.
WWF’s Global Forest & Trade Network (GFTN) and the Finance Alliance for Sustainable Trade (FAST) on Thursday asked global financial institutions to take a leading role in stopping climate change during the XIIIth World Forestry Congress, taking place this week in Buenos Aires, Argentina.
WWF’s GFTN also announced that it will launch Investment Screening Guidelines for Financial Investors in coming months to encourage support for responsible forest finance.
This innovative resource will identify key environmental and social principles and criteria that need to be considered in all investment decisions pertaining to the forest sector, such as timber, pulp and paper, and other sectors whose activities impact forests, including palm oil cultivation and mining.
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