Responsible Investing

ESG investor gets funds with USD 4.6trn to back Brazil plan

Last month, Storebrand AM initiated a dialog with Brazil heading a group of 29 investors to stop the rapid deforestation of Brazil's Amazon rainforest. Now the investor group is counting 34 funds and is already seeing "real impact", says Jan Erik Saugestad, Chief Executive of Storebrand.
Jan Erik Saugestad, chief executive of Storebrand. | Photo: PR/Storebrand
Jan Erik Saugestad, chief executive of Storebrand. | Photo: PR/Storebrand
BY LARS ERIK TARALDSEN/BLOOMBERG

Norway's biggest private investor, Storebrand Asset Management says its pressure campaign on Brazil to protect the Amazon forest is having a "real impact".

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