
Global Witness
980493088
1993
Palo Alto, CA CA 94301 USA
globalwitness.org
Global_Witness
GlobalWitness
35641
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News

BREAKING: Since 2011, Santander has helped provide over $1.3 billion of financing to Cresud, an Argentinean agribusiness responsible for deforestation three times the size of Madrid. Satellite imagery analysis shows Cresud has been responsible for deforesting over 170,000 hectares of forests in South America since 2001. The estimated emissions from this deforestation are equivalent to over 30 million transatlantic flights. ✈️ This comes despite Santander’s own policies on limiting its deforestation-linked investments, and its net zero pledge.But rather than limiting its financing to Cresud, since this policy was enacted in 2018, Santander has actually given Cresud more money, working to arrange $850 million in financing to the company. Clearly, voluntary commitments aren’t enough. We need international action to restrict the financing of deforestation ahead of COP30 in Brazil. For Santander’s response to our findings, see full report. https://gwitness.org/4knTMqs (fb)

📣 Across the world, environmental protest is being systemically and violently repressed. But everywhere still, brave people continue to resist to protect land, water and life. Join us on Thursday, 15 May, for an exclusive pre-release screening of ‘The Line We Crossed’, Peace Brigades International - PBI's new documentary spotlighting the repression of climate activism and environmental protest with a live Q&A from defenders across the world. 🎟️ Reserve your free ticket now before they’re gone: https://bit.ly/PBIcinema?utm_source=facebook&utm_medium=social&utm_campaign= Watch the trailer: https://gwitness.org/3GVBONi #EnvironmentalDefenders #TheLineWeCrossed #PBIUK #GreenpeaceUK (fb)

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