The initiative for sustainable forests is run in collaboration with Ceres. It helps investors to understand how deforestation within cattle and soybean supply chains represents a material risk to investee companies.

Group objectives

The initiative is coordinating collaborative investor engagement with companies that have either a direct or indirect exposure to commodity-driven deforestation in Latin America, whilst also addressing other ESG issues related to soft commodity production, such as poor working conditions, land rights and impact on indigenous peoples.

It is made up of over 40 investors with approximately US$ 8 trillion in assets under management. These investors are engaging with over 40 companies across the supply chain of these commodities.

Why investors should care

While cattle and soybean production have made significant contributions to economic development and the livelihoods of farmers in many countries across Latin America, there is now a growing awareness of the environmental and social issues associated with producing these commodities.

Commercial agriculture accounts for approximately 70% of tropical deforestation in Latin America, with cattle and soybean production being the largest drivers of this land use change, and demand for each is growing. Deforestation represents a significant climate risk to investors, accounting for approximately 10-15% of anthropogenic GHG emissions. Despite this, there are far fewer corporate commitments around deforestation in cattle and soybean supply chains than for other soft commodities.

More about our work

Investor expectation statements

Many members of this group have signed two statements highlighting what they expect of investee companies in terms of their disclosure and management of deforestation risks within cattle and soybean supply chains.

Join the group

Status: ongoing
Timeline: 2017-2021
PRI contact: Tom.Barron@unpri.org
View group on the Collaboration Platform

Members

Lead investors
ACTIAM
Aberdeen Standard Investments
APG Asset Management
BNP Paribas Asset Management
Boston Common Asset Management
Church Commissioners of England
EOS at Federated Hermes (formerly Hermes EOS)
Green Century Capital Management)
HSBC Global Asset Managemen
tImpax Asset Management
KLP
Legal & General Investment Management
NN Investment Partners
Pictet Asset Management
Rathbone Brothers Plc
Robeco
Storebrand Asset Management
Sumitomo Mitsui Trust Asset Management
Support investors
Achmea Investment Management
Aegon Asset Management
Affirmative Investment Management
AMF
Australian Ethical Investment Ltd.
Aviva Investors
Bankhaus Schelhammer & Schattera AG
BTG Pactual
Caja Ingenieros Gestión SGIIC, SAU
California Public Employees’ Retirement System (CalPERS)
Cordiant Capital
Core Capital Management, LLC
DNB
Domini Impact Investment
Grupo Ecoagro
Handelsbanken Asset Management
Indep’AM
Länsförsäkringar AB
LGPS Central
M&G
Macquarie Investment Management Europe
Mirova
Nordea
Ostrum Asset Management
Resona Asset Management
Sparinvest Group
SulAmérica Investimentos DTVM S.A
Zürcher Kantonalbank/Swisscan

Engagement focus companies

Not disclosed.