Banks in Latin America are under increasing pressure to develop financial policies that support the transition to a greener economy. Emerging regulations are targeting industries tied to carbon emissions, deforestation and biodiversity loss — but many banks are still falling short in implementing them, critics say. Across Latin America, banks have failed to integrate sustainability […]
  • Across Latin America, banks have failed to integrate sustainability regulations into lending, bond issuance and financial advisory services, according to a WWF sustainable finance assessment.
  • WWF examined the policies of 22 banks across Bolivia, Brazil, Chile, Colombia, Mexico and Peru, and found that the countries’ financial sectors had largely failed to implement protections against nature-related risks, such as deforestation and biodiversity loss.
  • Only six of the 22 banks have policies that acknowledge the “societal and economic risks” associated with environmental degradation, and just two of them have made net-zero carbon emission commitments for their lending portfolios.

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