14th November 2019

BCEE Asset Management signs the "Investor statement on deforestation and forest fires in the Amazon"

On 12 September, as part of its commitment to the United Nations Principles for Responsible Investment (UN PRI), BCEE Asset Management signed the "Investor statement on deforestation and forest fires in the Amazon". This statement aims to encourage companies to step up their efforts and state their intention to eliminate deforestation from their activities and supply chains.

After signing the "Investor statement on deforestation and forest fires in the Amazon", BCEE Asset Management has responded by reviewing the manner in which it invests. Since the beginning of 2019, BCEE Asset Management has been working on a new approach to financial analysis that takes account of environmental, social and governance (ESG) factors alongside financial factors. In relation to the environment, this primarily means considering the impact a company’s supply chain has on ecosystems and biodiversity.

Aiming to raise awareness among the general public on the consequences of deforestation, BCEE AM is confronting six realities:

1. The objectives set by the Paris Agreement may not be met as a result of the slow progress currently being made.

2. Deforestation is the second cause of climate change, after the burning of fossil fuels.

3. Deforestation is primarily caused by intensive agriculture, followed by logging.

4. Deforestation is having a major impact on the millions of inhabitants of the Amazon forest and savannah areas.

5. Where they support good behaviour, consumers can help to eradicate deforestation.

6. Did you know that deforestation could spell the end for your morning coffee?