SÃO PAULO, BRAZIL – Ahead of next week’s United Nations Climate Action Summit in New York, 230 institutional investors from thirty different countries issued a statement urging Brazil’s government to take action to stop the burning and deforestation in the Amazon region. Together, these investors manage over US$16.2 trillion in funds.
“We are concerned about the financial impact deforestation may have on investee companies, by potentially increasing reputational, operational and regulatory risks,” said the statement issued by the group.
“Considering increasing deforestation rates and recent fires in the Amazon, we are concerned that companies exposed to . . .