{"id":138,"date":"2020-12-07T13:22:29","date_gmt":"2020-12-07T13:22:29","guid":{"rendered":"https:\/\/portfolio.earth\/?page_id=138"},"modified":"2021-01-06T01:58:27","modified_gmt":"2021-01-06T01:58:27","slug":"key-findings","status":"publish","type":"page","link":"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/key-findings\/","title":{"rendered":"Key Findings"},"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>Key Findings<\/h1>\n                            <\/header>\n                            <div class=\"col menu-col\">\n                                        \n                    <ul class=\"menu\">                                <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/why-this-matters\/\">Why this matters<\/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 white\" href=\"#next\">Find out more<\/a>\n                    <img class=\"circular\" src=\"https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/bankrollingextinctioncircular.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\/Mask-Group-50@2x-1-1900x778.jpg\"><\/div>\n    <\/div>\n<\/section>\n\n<div id=\"next\"><\/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\">In 2019, the world\u2019s largest banks invested more than USD 2.6 trillion (equivalent to Canada\u2019s GDP) in sectors governments and scientists agree are the primary drivers of biodiversity destruction.<\/h2>\n    <\/div>\n<\/section>\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=\"inner right\">\n                    <p><span class=\"intro\">The average finance provided by each bank was USD 52 billion, ranging from more than 210 billion for the largest investor to 1.3 billion for the smallest.<\/span><\/p>\n                <\/div>\n                    <\/article>\n                \n    <\/div>\n<\/section>\n\n\n<section class=\"big-title-over relative full-width\">\n    <div class=\"background parallax-window\" data-parallax=\"scroll\" data-image-src=\"https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/jeffrey-swanson-T72-kQyQxtA-unsplash-EDIT@2x-1900x1038.jpg\"><\/div>\n    <div class=\"container\" data-aos=\"fade\">\n        <h2 class=\"xl black\">Banks are unwilling and have not prepared to tackle the biodiversity crisis.<\/h2>\n    <\/div>\n<\/section>\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=\"inner right\">\n                    <p><span class=\"intro\">None of the banks assessed had chosen to put sufficient systems in place to monitor or measure the impact of their loans on biodiversity, nor did they have comprehensive policies to halt it.<\/span><\/p>\n<p>Banks play a key role in a financial system that free rides on biodiversity, and the regulators and rules which govern banks currently protect them from any consequences.<\/p>\n                <\/div>\n                    <\/article>\n                \n    <\/div>\n<\/section>\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                                    <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-33.jpg);\"><\/div>\n            <\/div>\n                            <div \n                class=\"copy copy-right\" \n                style=\"order: 2;\">\n                    <div class=\"inner\">\n                        <h2>Other Findings<\/h2>\n<ul>\n<li>The top three of the 10 banks with the largest exposure to biodiversity risks were headquartered in the USA.<\/li>\n<li>Around 26 per cent of all loans and underwritings by the 50 banks were linked to Bank of America, Citigroup and JP Morgan Chase. Wells Fargo, another American bank, was the fifth largest investor in industry sectors with high biodiversity risks.<\/li>\n<li>Three Japanese banks (Mizuho Financial, Mitsubishi Financial and the Sumitomo Mitsui Banking Corporation) featured in the top ten banks, as well as three European banks: BNP Paribas, HSBC, and Barclays<\/li>\n<li>A raft of Chinese banks, considered the world\u2019s largest banks, were further down the list.<\/li>\n<li>Tourism and the forestry sector accounted for the smallest proportion<\/li>\n<li>Thirty-two per cent of all loans and underwriting were associated with infrastructure, 25 per cent with metal and mineral mining, and a further 20 per cent with fossil fuels.<\/li>\n<li>While food production (agriculture and fisheries) was only connected to 10 per cent of all investments, this sector is considered to have the largest impact on global biodiversity.<\/li>\n<\/ul>\n                                            <\/div>\n                                                    <\/div>\n            <\/div>\n<\/section>\n\n<div id=\"block\"><\/div>\n\n    <div class=\"blockpad white-bg link-grid-wrap \">\n        <div class=\"container\" data-aos=\"fade\">\n            <ul class=\"link-grid cf\">\n\n                  \n                        <li class=\"title\">\n                            <h3>Sector Specific Findings<\/h3> \n                        <\/li>\n                                        <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-37.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/food-system\/\">\n                                Food System                            <\/a>\n                        <\/div>\n                    <\/li>\n                                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-56.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/forestry\/\">\n                                Forestry                            <\/a>\n                        <\/div>\n                    <\/li>\n                                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-39.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/mining\/\">\n                                Mining                            <\/a>\n                        <\/div>\n                    <\/li>\n                                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-40.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/fossil-fuels\/\">\n                                Fossil Fuels                            <\/a>\n                        <\/div>\n                    <\/li>\n                <li class=\"empty\"><\/li>                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-41.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/infrastructure\/\">\n                                Infrastructure                            <\/a>\n                        <\/div>\n                    <\/li>\n                                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-42.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/tourism\/\">\n                                Tourism                            <\/a>\n                        <\/div>\n                    <\/li>\n                                    <li >\n                                                    <div class=\"background\" style=\"background-image: url(https:\/\/portfolio.earth\/wp-content\/uploads\/2020\/12\/Mask-Group-43.jpg);\"><\/div>\n                                                <div class=\"inner\">\n                            <a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/movement-of-goods-and-people\/\">\n                                Movement of goods and people                            <\/a>\n                        <\/div>\n                    <\/li>\n                            <\/ul>\n        <\/div>\n    <\/div>\n\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\/why-this-matters\/\">Why this matters<\/a><\/li>\n                                                    <li><a href=\"https:\/\/portfolio.earth\/campaigns\/bankrolling-extinction\/results\/\">Results<\/a><\/li>\n                        <\/ul>\n                            <\/div>\n        <\/div>\n    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