Over 200 Institutional Investors Managing US$16 Trillion Urge Brazil to Protect Amazon

Many of the concerned investors are large pension funds, that are always looking to invest the millions they have from their employees’ retirement plans. This includes CalPERS, the California public employee pension fund that manages more than US$370 billion in assets.

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 . . .

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