Forest 500 report shows limited progress from FIs on deforestation
"The clear progress made by a few shows that this is a choice, as action is possible.”
More than half of the 150 financial institutions assessed in the Forest 500 report have no deforestation policies for the seven most high-risk commodities, though there are signs of limited improvements.
Global Canopy’s latest assessment shows that much of the financial sector is “stagnating” on deforestation action. For the year 2025, 23 financial institutions are categorised as persistent laggards for consistently failing to publish a public deforestation policy since 2014. Four financial institutions (Fidelity International, HSBC, UBS and US Bancorp) also dropped a deforestation policy for one commodity.
