Bank Faces Shareholder Pressure on Deforestation
Update: 2025-12-12
Description
Bank Faces Shareholder Pressure Over Deforestation: Despite two proposals from the Australian Conservation Foundation, a major banks shareholders voted against stronger action on deforestation. The banks board recommended rejection, citing early stages of standardizing reporting. The bank acknowledged concerns, emphasizing sustainable land use and preserving natural resources. The Australian Conservation Foundation recognized the banks early leadership but noted the resolutions failure. The bank is increasing its use of tools to assess vegetation and habitat coverage and engaging with groups to understand deforestation complexities.
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