Sign now: Banking on Amazon Destruction

The Amazon rainforest is at a tipping point. Banks must adopt an Amazon-wide exclusion policy for oil.

In May 2021, Amazon deforestation hit a record high – all while oil & gas extraction continues to accelerate deforestation and forest degradation in the region. But the oil & gas sector isn’t the only culprit driving the Amazon to irreversible destruction.

JP Morgan Chase, HSBC, Deutsche Bank, Goldman Sachs, and Citigroup all scored “F’s” and are at “very high-risk” of funding the destruction of the Amazon in a scorecard report by Stand.earth and Amazon Watch.

Despite some of these banks having deforestation policies and screening processes set-up to manage the risk of negative environmental and social impacts, they’re still providing investment and financing to oil & gas companies in the Amazon. These loopholes in their environmental and social risk (ESR) policies are keeping them in business with companies involved in corruption, human right’s violations and biodiversity loss.

It’s time to cut the money pipeline fueling Amazon destruction. Urge banks to stop financing oil expansion in the Amazon by adopting an exclusion policy for the whole region. Add your name now.

Read full report here.

Petition to JP Morgan Chase, HSBC, Deutsche Bank, Goldman Sachs, and Citigroup Click to see full petition text

In order to stave off the dieback of the Amazon rainforest, financial institutions must:

Follow the example of the Arctic oil exclusion policies, and take the same action with urgency for the Amazon.
Immediately adopt an Amazon-wide exclusion policy that uplifts interconnecting commitments around biodiversity, Indigenous people’s rights, and deforestation is needed to stave off the dieback of the rainforest.
Implement adequate and accessible engagement and grievance processes to address violations of their ESR policies.

Banks must adopt an Amazon-wide exclusion policy

First Name

Last Name

Email Address

Country

Zip or Postal Code

Phone Number

I want to receive action alerts and campaign updates from Stand.earth (untick to unsubscribe from all communications)

Yes, I would like to receive SMS alerts

By submitting your mobile number you are agreeing to receive periodic text messages from Stand.earth. Message and data rates may apply. Text HELP for info. Text STOP at any time to cancel.

CLICK HERE TO SIGN

Stand.earth delivers large-scale change by interrupting the systems that create environmental and climate crises, and challenging corporations and governments to treat people and the planet with respect.