Bankrolling Extinction report: Banks are destroying our planet

Findings from the Bankrolling Extinction report show that 50 of the world’s largest banks are financing the destruction of nature.

Banks are financing biodiversity loss through loans and underwriting to companies in the sectors responsible for nature destruction. For example, in 2019, the world’s largest banks invested over USD $2.6 trillion in the sectors that primarily drive biodiversity destruction.

According to the Bankrolling Extinction report, the average finance that each bank gives is USD $52 billion. Yet, not a single bank among the 50 largest sufficiently measures or monitors the impacts of its activity on biodiversity. Therefore, they lack practical policies and governance frameworks to prevent this harm.