Several large Norwegian companies are among the 29 senders of a letter to the Brazilian authorities expressing concern about deforestation and human rights in the country.
In total, 29 investors from nine countries have signed and sent a letter to the Brazilian authorities expressing great concern both for the rising deforestation in the country and the rights of indigenous people.
The senders also include the Norwegian companies Storebrand, Kommunal Landspensjonskasse (KLP), Gjensidige and SpareBank 1.
– The financial sector is a key player in the fight against deforestation. In Brazil, deforestation is increasing dramatically, and indigenous peoples and environmentalists are under intense pressure. For financial institutions, this also poses a financial risk, says Jan Erik Saugestad in Storebrand Asset Management to E24.
International investors include large companies from both the UK, the Netherlands, France, the US and Japan in addition to Sweden and Denmark.
According to NRK, the letter was sent to Brazil’s embassies in nine countries, and investors are asking for meetings with the embassy’s representatives.
Norway has contributed several billion kroner to stop deforestation but has stopped payments.
© NTB Scanpix / #Norway Today