July 28, 2020

Investment fund drops Brazil’s JBS over environment

Rio de Janeiro (AFP) – The asset management division of the Nordic region’s largest bank said Tuesday it has divested from the world’s biggest meat processing company, Brazil’s JBS, over destruction of the Amazon rainforest and other scandals.Nordea Asset Management, a 230-billion-euro fund, said the decision was taken by its “responsible investments committee,” and applies to around 40 million euros in all.The Helsinki-based fund said the divestment was decided earlier this month.But it was only made public after an investigative journalism consortium published a report Monday accusing JBS of…

source https://this.kiji.is/en/660957379256878177?c=648607265489716321

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