Satellite analysis has found that Asia Pulp and Paper-linked companies have cleared 3,500 hectares of peatland over the last two years, including since the outbreak of the Covid-19 virus, according to a report by Greenpeace. APP denies the allegations.
Gulzhan Musaeva –
Forest-risk companies in Southeast Asia tend to rely almost entirely on debt financing. In view of this leverage, banks can be deemed directly accountable for deforestation and related offences committed by their borrowers.