UBS and Santander's 'green' bonds linked to deforesters and rancher accused of slave labour in Brazil - Unearthed
![](https://unearthed.greenpeace.org/wp-content/uploads/2023/10/Parceiro_June_2020_planet-imagery_v2-764x505.jpg)
An Unearthed investigation has found European banks UBS and Santander have raised hundreds of millions of pounds of “green” bonds that were partly intended for farmers and ranchers accused of environmental and human rights abuses in Brazil.
![](https://unearthed.greenpeace.org/wp-content/uploads/2023/10/GettyImages-1246310636-600x400.jpg)
UBS and Santander's 'green' bonds linked to deforesters and rancher accused of slave labour in Brazil - Unearthed
![](https://unearthed.greenpeace.org/wp-content/uploads/2022/11/GettyImages-1415450189-476x286.jpg)
Jing Yan, Author at Unearthed - Unearthed
![](https://www.banktrack.org/thumbimage.php?image=a_rotton_business_full_page_crop.jpg&width=353)
BankTrack – Banks and Nature
![](https://static.euronews.com/articles/stories/07/99/26/82/1440x810_cmsv2_59c062f0-47e2-5545-a277-3c77bd4121be-7992682.jpg)
Green(washing) bonds in Brazil: How European banks are linked to deforestation and slavery
![](https://www.banktrack.org/thumbimage.php?image=kampala.jpg&cropratio=16:9&width=600)
BankTrack – Banks and Nature
![](https://unearthed.greenpeace.org/wp-content/uploads/2023/12/GP0STYBSO-476x286.jpg)
World - Unearthed
![](https://unearthed.greenpeace.org/wp-content/uploads/2023/10/GettyImages-1668662092-1-476x286.jpg)
Forests - Unearthed
![](https://static.euronews.com/articles/stories/07/99/26/82/404x227_cmsv2_0dcfcc3c-d394-546c-90e4-6867616ab9c3-7992682.jpg)
Green(washing) bonds in Brazil: How European banks are linked to deforestation and slavery
![](https://i.guim.co.uk/img/media/3bf5867d414f0865b1a26a9ba72cb85d475f2c4e/0_0_3000_1866/master/3000.jpg?width=465&dpr=1&s=none)
Brazil slave trafficker's links to top bank spark debate over reparations, Brazil
![](https://unearthed.greenpeace.org/wp-content/uploads/2023/03/GettyImages-462795968-476x286.jpg)
Forests - Unearthed
![](https://pbs.twimg.com/profile_images/823568509611507712/DznN0Kx1_400x400.jpg)
Damian Kahya (@damiankahya) / X