"Investors managing $3 trillion in assets urge countries to stop deforestation", Sharon Kits Kimathi

Global investors managing over $3 trillion in assets called on governments on Monday to stop and reverse deforestation and ecosystem degradation by 2030, in a statement signed ahead of a U.N. climate conference in Brazil next month. Around 30 institutional investors including Swiss private bank Pictet Group and Nordic investor DNB Asset Management have so far signed up to the Belém Investor Statement on Rainforests, which is open until November 1...

The investors emphasised the need for policies that deliver legal, regulatory, and financial certainty to help protect the forests and safeguard economic stability, said Jan Erik Saugestad, CEO at Nordic firm Storebrand Asset Management."Deforestation undermines the natural systems that global markets rely on - from climate regulation to food and water security."

Earlier this year, the European Union delayed launching its anti-deforestation law by a year after facing opposition from industry and trade partners such as Brazil, Indonesia and the United States, who say complying with the rules would be costly and hurt their exports to Europe...

Find the investor statement here.