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BNP Paribas, Crédit Agricole, BPCE and AXA face criminal allegations in France for their purchase of bonds from companies involved in Amazon deforestation in Brazil
Sherpa, along with Harvest, the Center for Climate Crime Analysis, Repórter Brasil, and Transparency International, lodged a criminal complaint with the French National Prosecutor’s Office. They request the Office to open a criminal investigation against French banks BNP Paribas, Crédit Agricole, BPCE, and Axa over allegations that they are involved in money laundering and concealment, citing the banks' financial support to beef enterprises linked to illegal Amazon deforestation in Brazil.