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By Shanna Hanbury Investment managers with a combined $8 trillion in assets under management are urging the banks in their portfolios to eliminate deforestation from their lending and investment practices. The new guidelines call for banks to assess their ties to deforestation, set policies to reduce harm, and track their progress. The Institutional Investors Group on Climate Change (IIGCC), working with the Finance Sector Deforestation Action (FSDA) initiative, says it wants banks to make their “best efforts” to eliminate deforestation caused by high-risk commodities no later than the end of …

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