Brazil: BlackRock labelled 'world’s largest investor in deforestation'; company responds
According to report by Friends of the Earth US (FOE), Amazon Watch and Dutch research firm Profundo, BlackRock is the world’s largest investor in deforestation with holdings in six sectors - soy, beef, palm oil, rubber, timber and pulp/paper, all of which have been accused for encouraging the devastation of the Amazon in Brazil. The Business and Human Rights Resource Centre contacted BlackRock for a response to these allegations; the response is below. Amazon Watch and FOE submitted a rejoinder to BlackRock's response; also available below. BlackRock declined to respond to the rejoinder.