International NGO Global Witness published a briefing to stress the importance of legislation. The latest analysis by Global Witness shows that six agribusiness companies linked to forest destruction received funds from EU-based financial institutions. Global Witness“Europe’s imports have a huge impact on our global environment,” EU forests campaigner at Global Witness Giulia Bondi told Forbes.com. However, it only applies to those financial products sold as sustainable investments,” Bondi said. And she concludes: “We hope therefore that finance is not let off the hook from any forthcoming legislation addressing the EU’s global deforestation footprint.”

Source: Forbes February 05, 2020 16:07 UTC