Exclusive: European investors threaten Brazil divestment over deforestation

Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest.

The rising threats from investors with more than $2 trillion in assets under management, including Finland-based Nordea and the UK’s Legal & General Investment Management (LGIM), show how the private sector is taking global action to protect the world’s largest rainforest.

Brazil’s President Jair Bolsonaro has shrugged off diplomatic pressure on the matter.

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