26 Feb '15, 4pm

Result: Santander stops financing forest destroyer APRIL | Greenpeace UK

Result: Santander stops financing forest destroyer APRIL | Greenpeace UK

Great news: Santander just pledged to stop financing the paper company APRIL. Santander has agreed that APRIL will get no more money until it stops destroying the Indonesian rainforest. After receiving thousands of queries and complaints, the bank today announced 'Banco Santander has decided to not renew the current funding to APRIL and will not be extending further funding at this stage. Any future loans will be conditional on APRIL implementing new sustainability measures which address its involvement with deforestation.' This is a fantastic outcome. In less than three weeks, we forced one of the biggest banks in Europe to end its relationship with one of the biggest forest destroyers in Indonesia. Over 165,000 of us demanded action from Santander - and it cost APRIL tens of millions. The response from Santander’s customers to this campaign has been phenomenal. To its cr...

Full article: http://www.greenpeace.org.uk/blog/forests/result-santande...

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Santander Bank cuts off APRIL due to deforestation

Santander Bank cuts off APRIL due to deforestation

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