At a meeting last month organised by the Forest Stewardship Council, HSBC’s Francis Sullivan said that if a company doesn’t pass the bank’s sustainability risk tests, then it won’t get a loan.
WWF loves “sustainability”. With “sustainability”, there’s no need to address over-consumption, or the never-ending growth of capitalist expansion. Consumption can increase, as long as it’s “sustainable”.
This week the 10th Skoll World Forum takes place at the Saïd Business School in Oxford. One of the topics for debate is “How do we feed the world and still address the drivers of deforestation?”
The Norwegian Government Pension Fund Global (GPFG) divested from 23 palm oil companies in 2012. “Several palm oil producers were excluded from the portfolio because their long-term business model was deemed unsustainable,” GPFG writes in its 2012 annual report.