ESG Investor Gets Funds With $4.6 Trillion to Back Brazil Plan
- 34 investors working together to better protect Amazon forest
- Brazilian government has given ‘clear commitment’ to help
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Norway’s biggest private investor, Storebrand Asset Management ASA, says its pressure campaign on Brazil to protect the Amazon forest is having a “real impact.”
The money manager has now brought together 34 funds with over $4.6 trillion in assets to try to get Brazil to end policies that destroy the Amazon forest. Storebrand, which has devoted its entire $90 billion portfolio to environmental, social and governance investing, says it now has a “clear commitment” from the Brazilian government that it will respond to its demands.