🌱 Addressing Deforestation Risks in China’s Financial Sector 🌱
We recently hosted the third webinar of our capacity-building series, bringing together more than 30 participants from commercial banks, asset managers, companies, think tanks, and NGOs to discuss an important topic: how commercial banks and institutional investors can address deforestation risks.
Commodities like soy and palm oil often carry deforestation risks, which pass through global value chains and impact the banks and investors financing the major players involved. Given China’s pivotal role in global value chains, tackling deforestation risks should be a priority for companies, banks, and investors in the region.
To build consensus and find practical solutions, expert speakers from the World Economic Forum (WEF) Beijing Representative Office, Roundtable on Sustainable Palm Oil (RSPO), and BNP Paribas Asset Management joined us to share their valuable insights and best practices
📊 Key takeaways from the webinar include:
🔹 Biodiversity loss poses a significant threat to economic and financial stability. Financial institutions, including banks, investors, and regulators, must act to mitigate the risks driven by deforestation, a major driver of biodiversity loss.
🔹 Financial institutions can enhance ESG practices by assessing deforestation risks in their financing activities and encouraging borrowers/investees to pursue sustainable certifications for commodity production.
🔹 Quantifying and analysing deforestation risks are crucial for investors to shape engagement strategies and help portfolio managers and clients understand the associated risks.
We will continue to convene experts from around the world to facilitate impactful discussions and advance sustainable finance in Asia. Stay tuned for the insights from our upcoming fourth webinar in December as we continue building capacity for a sustainable future.
#Sustainability #DeforestationRisks #Finance #LowCarbonTransition #ESG #CapacityBuilding #ChinaBankingSector #ClimateAction
