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This week, Bunge’s shareholders overwhelmingly voted in support of a resolution filed by Storebrand Asset Management and Green Century Capital, calling the company to eliminate deforestation in its supply chain.
The Investor Policy Dialogue on Deforestation (IPDD) notes that President Bolsonaro of Brazil has written to President Biden of the United States of America ahead of the latter’s virtual Leaders’ Summit on Climate this week. The IPDD welcomes President Bolsonaro’s restatement of Brazil’s existing commitment to eliminate illegal deforestation in the Amazon by 2030.
We, the investors involved in the Investor Policy Dialogue on Deforestation (IPDD), would like to express our gratitude to the Vice President. We are encouraged by his willingness to continue constructive and informative dialogue with us and look forward to its continuation.As financial institutions, we have a fiduciary duty to act in the best long-term interests of our beneficiaries. We recog
As financial institutions, we have a fiduciary duty to act in the best long-term interests of our beneficiaries. We recognize the crucial role that tropical forests play in tackling climate change, protecting biodiversity and ensuring ecosystem services. We will continue to monitor developments in Brazil to assess our exposure to financial risks arising from deforestation.
Today, 230 institutional investors representing USD $16.2 trillion in assets under management are calling on companies to take urgent action in light of the devastating fires in the Amazon, fueled in part because of the alarming rate of deforestation in Brazil and Bolivia.
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