CoAct Database

Finance Sector Deforestation Action / Deforestation commitment

Tackling forest deforestation related to forest-risk agricultural commodities represents a key opportunity and imperative for the financial sector toward meeting net zero commitments through engaging with key investees and clients to halt deforestation across soft commodity supply chains, while financing and investing in nature-based solutions. Finance Sector Deforestation Action (FSDA) is a results-driven collaborative of financial institutions that unites signatory organisations around a shared engagement approach to tackling deforestation, creating essential convergence across other climate and nature-related initiatives. Over 35 financial institutions with more than (US) $8.9 trillion in assets under management are committed to work on eliminating agricultural commodity-driven deforestation risks in their investment and lending portfolios by 2025. To read the commitment letter, please click here.

This investor-led initiative, Financial Sector Deforestation Action, is supported by a collaborative effort from leading organizations and individuals at the intersection of finance and conservation (Nature4Climate Secretariat, Conservation International, Global Canopy, Global Optimism, High-Level Climate Champions team, WEF Tropical Forest Alliance).

Summit/ Mobilisation process: UNFCCC COP26, Glasgow, Scotland (2021).