“Pressure Worked,” Says Norwegian Fund Demanding End to Deforestation

Storebrand Asset Management states that it has a "clear commitment" from the Brazilian government. Another 34 funds have joined the cause.

RIO DE JANEIRO, BRAZIL - Storebrand Asset Management, Norway's largest private investor, sees a "real impact" of its pressure campaign on Brazil to protect the Amazon Forest.

The asset manager has now combined 34 funds, with more than US$4.6 trillion (R$23 trillion) in assets, in an attempt to persuade the Brazilian government to reverse policies that destroy the Amazon. Storebrand, which has dedicated its entire US$90 billion portfolio to environmental, social and governance investments (ESG), says it now has a "clear commitment" from the Brazilian government that it will meet its demands.

"We have now seen . . .

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