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Home › HSBC orders review of its lending to rainforest logging companies

 

HSBC orders review of its lending to rainforest logging companies

2013-05-25 00:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Following allegations that it has been financing land-grabbing of indigenous territories and destruction of rainforests in Malaysian Borneo, HSBC said it will conduct an audit of its relationships with logging companies to see whether its lending has violated the bank's environmental policy. In a statement issued Thursday, HSBC said it will engage environmental auditor Proforest to evaluate its forest policy and commission PricewaterhouseCoopers to conduct a compliance review of the bank's implementation...

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