The Amazon is at a tipping point. Further oil and gas extraction, a major driver of deforestation, will push the biome - essential for climate change mitigation and home to 400+ Indigenous nationalities that defend and depend on it - to the brink of irreversible collapse.
This report focuses on how European and US banks fund the oil and gas industry despite environmental and social risks driving the Amazon over the brink. It finds that banks investing in Amazon oil are failing their own environmental and social risk (ESR) commitments.
The report also includes a scorecard designed to assess and rank banks’ efforts to implement their climate and ESR management frameworks in the Amazon. The output of the scorecard is a ranking of each bank’s performance and their associated risk of complicity in Amazon destruction, based on how well their risk management holds up against an assessment of their current risk exposure from their finance and investments in the top 90 oil and gas companies active in the Amazon.