To JP Morgan Chase, Bank of America and Morgan Stanley:
Your reckless financing is directly linked to climate change and deforestation.
When you finance fossil fuels and the companies that destroy our forests, you cause a crisis on two fronts: A warming planet and the loss of our very best carbon-capture technology, forests.
It is inexcusable that you knowingly make our planet less habitable and increase our suffering by double-funding climate chaos, all in the name of profit. As a matter of urgency, we demand that your financial institutions:
- Immediately implement strong No Deforestation or Conversion, No Peatland and No Exploitation (NDPE) policies that cover all sectors;
- Immediately implement policies that fully respect the rights of Indigenous Peoples and local communities and that establish zero tolerance for violence against right defenders;
- Ensure that the projects and companies you finance are aligned with the Paris Agreement goal of limiting global warming to 1.5°C.
Kind Regards,
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