{"id":136,"date":"2020-12-07T13:22:16","date_gmt":"2020-12-07T13:22:16","guid":{"rendered":"https:\/\/portfolio.earth\/?page_id=136"},"modified":"2021-01-06T01:55:59","modified_gmt":"2021-01-06T01:55:59","slug":"why-this-matters","status":"publish","type":"page","link":"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/why-this-matters\/","title":{"rendered":"Why this matters"},"content":{"rendered":"\n<section class=\"inner-page-header\">\n    <div class=\"inner-pad black-bg\">\n    <div class=\"container\">\n        <div class=\"topbar\" data-aos=\"fade\">\n            <header class=\"col title-col \">\n                                    <div class=\"breadcrumbs\" typeof=\"BreadcrumbList\" vocab=\"https:\/\/schema.org\/\">\n                        <!-- Breadcrumb NavXT 7.0.2 -->\n                    <\/div>\n                                                    <h1>Why this matters<\/h1>\n                            <\/header>\n                            <div class=\"col menu-col\">\n                                        \n                    <ul class=\"menu\">                                <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/key-findings\/\">Key Findings<\/a><\/li>\n                                                            <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/\">Results<\/a><\/li>\n                            <\/ul>                    \n                <\/div>\n                    <\/div>\n\n                    <\/div>\n    <\/div>\n    <div class=\"image\">\n        <a class=\"fom black\" href=\"#next\">Find out more<\/a>\n                    <img class=\"circular\" src=\"https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/bankrollingextinctioncircularblack.svg\" alt=\"\">\n                <div class=\"background parallax-window\" data-parallax=\"scroll\" data-speed=\"0.8\" data-positionY=\"-50px\" data-image-src=\"https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Group-50@2x-1900x762.jpg\"><\/div>\n    <\/div>\n<\/section>\n\n<div id=\"next\"><\/div>\n\n\n<section class=\"bigblockpad  white-bg copy-offset\">\n    <div class=\"container cf\">\n        <article class=\"cf\" data-aos=\"fade-up\">\n                            <div class=\"title \">\n                    <h2>The planet is in the midst of a major mass extinction \u2013 the first of its kind caused by humans.<\/h2>\n                <\/div>\n                                <\/article>\n                \n    <\/div>\n<\/section>\n\n\n<section class=\"si-cc first blockpad-top black-bg white-content\">\n        <div class=\"flex\" data-aos=\"fade-up\">\n                    <div class=\"image\" style=\"order: 2;\">\n                                <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-22@2x-1154x1200.jpg);\"><\/div>\n            <\/div>\n                            <div \n                class=\"copy copy-left\" \n                style=\"order: 1;\">\n                    <div class=\"inner\">\n                        <p><span class=\"intro\">We are now facing biological annihilation. Despite the role banks and the finance sector play in this catastrophe, their impact on biodiversity remains unchecked.<\/span><\/p>\n<ul>\n<li>One million animal and plant species are now threatened with extinction.<\/li>\n<li>Three-quarters of the planet\u2019s land surface and two-thirds of its ocean areas are significantly changed.<\/li>\n<li>International agreements, such as the Aichi Biodiversity Targets set in 2010, have failed to halt and reverse biodiversity loss.<\/li>\n<\/ul>\n                                                    <a class=\"down-arrow\" href=\"#block1\"><\/a>\n                                            <\/div>\n                                                    <\/div>\n            <\/div>\n<\/section>\n\n<div id=\"block1\"><\/div>\n\n\n<section class=\"si-cc  blockpad-top grey-bg white-content\">\n        <div class=\"flex\" data-aos=\"fade-up\">\n                    <div class=\"image\" style=\"order: 1;\">\n                                <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-21@2x-1247x1200.jpg);\"><\/div>\n            <\/div>\n                            <div \n                class=\"copy copy-right\" \n                style=\"order: 2;\">\n                    <div class=\"inner\">\n                        <p><span class=\"intro\">Our survival depends on our environment<\/span><\/p>\n<p>Half of the world\u2019s GDP is indebted to nature and the services it provides such as pollination, water quality, and disease control. When we radically alter nature, we also risk creating the conditions in which pandemics such as COVID-19 emerge.<\/p>\n<p>Environmental destruction is contributing to an USD 8 trillion hole in our global economy, rising unemployment, and social inequality.<\/p>\n                                                    <a class=\"down-arrow\" href=\"#block2\"><\/a>\n                                            <\/div>\n                                                    <\/div>\n            <\/div>\n<\/section>\n\n<div id=\"block2\"><\/div>\n\n\n<section class=\"big-title-over relative half-width\">\n    <div class=\"background \" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Rectangle-42.png);\" ><\/div>\n    <div class=\"container\" data-aos=\"fade\">\n        <h2 class=\"xl white\">Meanwhile, banks and investors continue to finance unsustainable business practices which scientists and governments agree drive biodiversity loss.<\/h2>\n    <\/div>\n<\/section>\n\n\n<section class=\"si-cc  blockpad-top white-bg black-content\">\n        <div class=\"flex\" data-aos=\"fade-up\">\n                    <div class=\"image\" style=\"order: 2;\">\n                                <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-58@2x-e1608263252829-1039x1200.jpg);\"><\/div>\n            <\/div>\n                            <div \n                class=\"copy copy-left\" \n                style=\"order: 1;\">\n                    <div class=\"inner\">\n                        <p><span class=\"intro\">10 per cent of the world\u2019s public companies generate 80 per cent of all profit.<\/span><\/p>\n<p>Increasing corporate consolidation has resulted in an ever-smaller number of banks provide financing to an ever-smaller number of corporates. 10 per cent of the world\u2019s public companies generate 80 per cent of all profit. And yet, despite banks\u2019 increasing and global influence, in nearly all countries banks hold no liability for the biodiversity damage they cause.<\/p>\n<p>Global initiatives such as the Consumer Goods Forum, the United Nations Global Compact (UNGC), the Equator Principles, and the Principles for Responsible Investment have not led to transformative reduction of biodiversity loss.<\/p>\n<p>The banks assessed in this report have no comprehensive policies or due diligence mechanisms in place to address their impact themselves.<\/p>\n                                                    <a class=\"down-arrow\" href=\"#block3\"><\/a>\n                                            <\/div>\n                                                    <\/div>\n            <\/div>\n<\/section>\n\n<div id=\"block3\"><\/div>\n\n\n<section class=\"si-cc  blockpad-top black-bg white-content\">\n        <div class=\"flex\" data-aos=\"fade-up\">\n                    <div class=\"image\" style=\"order: 1;\">\n                                    <img class=\"circular\" src=\"https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/bankrollingextinctioncircular.svg\" alt=\"\">\n                                <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-59@2x-e1607695964130-1234x1200.jpg);\"><\/div>\n            <\/div>\n                            <div \n                class=\"copy copy-right\" \n                style=\"order: 2;\">\n                    <div class=\"inner\">\n                        <p><span class=\"intro\">The scrutiny the finance industry faces about their contribution is mounting<\/span><\/p>\n<p>Governments and scientists agree that to halt and reverse the current biodiversity crisis, nothing short of transformative change is required.<\/p>\n<p>Recent scandals have shown that left to themselves, some of the largest banks in the world will game the system.<\/p>\n<p>Concrete action must come from all parts of our political economy \u2013 banks, regulators, other financial actors, the judiciary, governments, and citizens &#8211; to create the right rules, responsibilities, and culture to halt and reverse the decline of nature.<\/p>\n                                                    <a class=\"down-arrow\" href=\"#block4\"><\/a>\n                                            <\/div>\n                                                    <\/div>\n            <\/div>\n<\/section>\n\n<div id=\"block4\"><\/div>\n\n\n<div class=\"download-bar white-bg copy-offset \">\n    <div class=\"container\">\n                <div class=\"flex two-col\">\n            \n                            <div class=\"col\">\n                    <div class=\"report-trigger trigger\">\n    Download Report <span class=\"arrow\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"42.004\" height=\"25.44\" viewbox=\"0 0 42 25\" preserveAspectRatio=\"none\"><g data-name=\"Group 401\" fill=\"none\" stroke=\"#fcf7f7\" stroke-miterlimit=\"10\" stroke-width=\"4\"><path data-name=\"Line 88\" d=\"M0 12.72h36.125\"\/><path data-name=\"Path 319\" d=\"M27.871 24.025l11.306-11.306L27.871 1.413\"\/><\/g><\/svg><\/span>\n<\/div>                <\/div>\n            \n                     \n            <div class=\"col\">\n                                \n                <ul class=\"menu\">                            <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/key-findings\/\">Key Findings<\/a><\/li>\n                                                    <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/\">Results<\/a><\/li>\n                        <\/ul>\n                            <\/div>\n        <\/div>\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":10,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portfolio Earth | Bankrolling Extinction | Why This Matters<\/title>\n<meta name=\"description\" content=\"We are now facing biological annihilation. 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