Only a single Brazilian company is in the global managers group that presented plans against deforestation in Glasgow

There are almost US$ 9 trillion in assets managed by 30 global financial institutions and only a single Brazilian company, JPG, taking part in this group which presented concrete plans against deforestation at COP26. “The goal is to eliminate commodities production deforestation in all biomes,” affirmed to Reset José Pugas, JGP senior in charge of agribusiness credit and ESG.

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According to the actions timeline announced, by the end of 2022 managers will have evaluated their portfolios’ deforestation exposure risk and taken action to deal with it. A year later they’ll present the entire risk map and the mitigation activities in progress.

According to Pugas, as of 2025, companies that do not track their suppliers, that is, that do not know what is the deforestation risk associated with their business, will start suffering disinvestment. The whole supply chains covered by the commitment are soy, cattle, pulp and paper, and palm oil.

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In here you will find news and information about studies and researches related to deforestation. The content is produced by the ClimaInfo Institute team specially to PlenaMata.

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