Asset management firms pledge to fight deforestation by 2025

Combined AuM of $8.7trn

Kathleen Gallagher
clock • 2 min read

Firms with $8.7trn in assets under management have committed to “make best efforts” to eliminate agricultural commodity-driven deforestation from their portfolios by 2025.

The firms who have signed up will strive towards eliminating agricultural commodity-driven deforestation from cattle products, palm oil, soy, and pulp and paper production from portfolios by 2025. They will also use active ownership and ongoing stewardship to "catalyse actions to eliminate deforestation across supply chains". This will include publicly disclosing risks, establishing policies to address agricultural commodity-driven deforestation, deepening engagements, publicly reporting progress on efforts to tackle forest-risk agricultural commodity-driven deforestation, and increas...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Event voice: Interview with Women in Investment Awards sponsor Amundi ETF
ESG

Event voice: Interview with Women in Investment Awards sponsor Amundi ETF

Sponsor of awards on 22 November

Investment Week
clock 30 November 2023 • 1 min read
'Despite biodiversity emerging as one of the key areas for investment, the data available for investors remains inadequate,' said Patricia Torres, Bloomberg's global head of sustainable finance solutions.
ESG

Bloomberg teams up with Natural History Museum to provide access to biodiversity index

To tackle 'inadequate' data

Cristian Angeloni
clock 29 November 2023 • 1 min read
Fraser Lundie CFA, Head of Fixed Income, Public Markets, Federated Hermes
ESG

Partner Insight: Is fixed income a fast track or a hinderance to net zero?

Investment grade issuers offer a substantial engagement opportunity

Gareth Jones
clock 29 November 2023 • 1 min read
Trustpilot