Bloomberg: Funds With $3.7 Trillion Warn Brazil of Deforestation Backlash

Deforestation and its fallout “have the potential to negatively impact long-term returns,” Jan Erik Saugestad, chief executive officer of Storebrand Asset Management, said in a statement. “The inherent risk of operating in a politically unstable country, or a country neglecting the climate and environment, are a part of our ESG analysis.”