The Principles for Responsible Investment (PRI), the signatory body whose membership now includes the central banks of Hong Kong and the Netherlands, is co-ordinating an investor statement on the deforestation and fires in the Amazon.
Investors are being invited to sign the statement by September 13 ahead of a public launch on the 16th.
The statement will call on companies to disclose and implement a commodity-specific no deforestation policy with quantifiable, time-bound commitments covering the entire supply chain and sourcing geographies.
They should also assess their operations and supply chains for deforestation risk and reduce this to “the lowest possible level”.
The investors also call for the setting up of a “transparent monitoring and verification system” to ensure suppliers comply with companies’ no deforestation policy.
The draft letter says: “Increasing deforestation and fires in the Amazon are an environmental catastr…