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☆ World's top finance firms continue to fuel deforestation, report warns
▼ + stars: | 2022-10-18 | by ( Juliette Portala | ) www.reuters.com time to read: +3 min

An aerial view shows deforestation near a forest on the border between Amazonia and Cerrado in Nova Xavantina, Mato Grosso state, Brazil July 28, 2021. Issued by the Forests & Finance Coalition of NGOs, which looks to improve transparency, policies, systems and regulations in the financial sector, the report found that finance to those companies rose over 60% to $47 billion between 2020 and 2021. "The world's financial institutions are actually increasing their lending to the very industries driving humanity to the brink," Tom Picken, director of Rainforest Action Network's Forest and Finance Campaign, said in a statement, citing "dangerously inadequate" policies. "This latest assessment shows how big banks and institutional investors are blind to the urgency of the moment," Picken stated. Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala, editing by Simon Jessop, William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Can sustainable soya farming come fast enough to save the Cerrado?
▼ + stars: | 2022-10-18 | by ( Mark Hillsdon | Mark Hillsdon Is A Manchester-Based Freelance Writer Who Writes On Business | Sustainability For The Ethical Corporation | ) www.reuters.com time to read: +12 min

“Crop finance is a key part of soy farmers' business models and there is a huge appetite and market for green finance,” he explains. It’s a message consistent with the UK Soy Manifesto, which now covers 60% of the soy coming into the UK. Unlocking green investment means this can now happen, he adds, by supporting sustainable agriculture and protecting forests in a financially sustainable way that rewards farmers. And ultimately it is the involvement of these traders in screening out “bad soy” on which any sustainable soy scheme succeeds or fails. The Retail Soy Group’s roadmap commits members to deforestation-free soy with a cut-off-date of August 2020, but soy traders aren’t following these guidelines, says Wijeratna.

☆ Fact Check-Viral video does not show crocodiles ‘invading’ a beach in Brazil, contrary to claims online
▼ + stars: | 2022-09-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

A video showing a riverbank full of caimans in the Pantanal region of Brazil has been misrepresented in viral social media posts, with users falsely claiming the clip shows crocodiles crowding a beach in the South American country, leading to panic among locals. Experts said the scene resembles caiman activity in the Pantanal region. More information about the climate conditions in the Pantanal region can be found (here) (here) (here). This clip does not show crocodiles “invading” a “beach” in Brazil. According to experts, the footage shows Yacare Caiman in the interior Pantanal region of Brazil, clustering near a river due to seasonal drought.

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