A group of leading global investors have issued a joint statement calling for a renewed effort to bring an end to deforestation in Brazil’s Cerrado region, where almost half of the forest cover has been cleared to enable agricultural expansion designed to meet booming global demand for commodities such as soy and beef. The statement is backed by institutional investors that together manage over $2.8 trillion of assets, including APG, Robeco, Legal and General Investment Management, and Green Century Capital Management. It signals their support for the Cerrado Manifesto, which was launched in 2017 and which has secured backing from 70 global companies, including household names such as McDonalds, Tesco, Walmart and Unilever. The investor statement was orchestrated by the FAIRR investor network, which argued ongoing deforestation posed a clear material risk to institutional investors.

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