Asset management firms pledge to fight deforestation by 2025

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 agricultur...