A coalition of investment institutions and global corporates exposed to the Brazilian soy sector today published an open letter aimed at the Brazilian Government.
The letter calls for the protection of the ‘Amazon Soy Moratorium’, an agreement signed in 2006 to ensure that soy production in the Amazon region only occurs on existing agricultural land. We are concerned that the Moratorium is potentially under threat.
The evidence shows that the Moratorium has succeeded in both reducing soy-related deforestation and enabling soy production in the Amazon to increase 400%.
Investors managing over $2 trillion of assets, co-ordinated by FAIRR, have already signed the letter including Legal & General Investment Management, Robeco and BMO Global Asset Management. Corporate signatories include Tesco and Marks & Spencer.
View the letter and signatories
Notes to editor
For more information please contact:
Conor Quinn, ESG Communications | t: + 44 (0)7413 636323 | e: [email protected]
The FAIRR Initiative is a collaborative investor network, established by the Jeremy Coller Foundation. Its mission is to build a global network of investors who are focused and engaged on the risks linked to intensive animal production within the broader food system. FAIRR helps investors to exercise their influence as responsible stewards of capital to engage and safeguard the long-term value of their investment portfolios. FAIRR’s flagship project, the Coller FAIRR Protein Producer Index, was shortlisted by the UN-supported Principles for Responsible Investment as ESG Research Report of the Year for 2018.