Like many, we were saddened and concerned at the fires ravaging the Amazon rainforest. The accelerated destruction of what is one of the planet’s most important ecological areas is gutting. The formation and release of CO2 on such a massive scale, combined with a reduced ability to reabsorb it, should be enough to make anyone fearful of what we are leaving behind.
We, alongside other investors, signed the UNPRI’s Global Investor Statement concerning deforestation and forest fires in the Amazon. The statement calls on companies to redouble their efforts to demonstrate clear commitment to eliminating deforestation within their operations and supply chains. We believe this is an important issue that the whole investment community needs to get behind.
There is no excuse not to act.
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of Trinetra Investment Management LLP and are subject to revision over time. Trinetra is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
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