THE letter “Regulate finance to save the country’s biodiversity” by Sahabat Alam Malaysia (SAM) (The Star, March 3) highlights a crucial truth: the destruction of our forests is often funded by the very banks where we keep our savings and take out loans.
A report released last month titled “Regulating Finance for Forests and Community Rights in Malaysia”, commissioned by SAM on behalf of the Forests and Finance Coalition, has successfully identified that Malaysia’s financial regulations are misaligned with the Global Biodiversity Framework.
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