Investors Demand To Address Human Rights Impacts Of Amazon Fires

Investors Demand To Address Human Rights Impacts Of Amazon Fires
pixundfertig / Pixabay

Investors call for urgent action to address the human rights impacts of Amazon fires

Play Quizzes 4

All financial actors urged to review supply chains and business relationships to ensure they are not indirectly contributing to the conflagrations through deforestation as they have direct human rights impacts for local communities.

NEW YORK, NY, THURSDAY, SEPTEMBER 5TH, 2019 – Members of the Interfaith Center on Corporate Responsibility issued a statement today calling on companies with operations and supply chains connected to the Amazon rainforest to take immediate action to safeguard the human rights and ecosystems that are being devastated by fires exacerbated by unchecked deforestation.

This Too Value Fund Explains Why Turkey Is Ripe For Investment Right Now

TurkeyThe Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More

Know more about Russia than your friends:

Get our free ebook on how the Soviet Union became Putin's Russia.

Q2 hedge fund letters, conference, scoops etc

Given the scope and vast implications of the Amazon fires, ICCR members believe all relevant stakeholders must conduct due diligence within their own operations and businesses to ensure they are not indirectly contributing to the damage.

The catastrophe currently unfolding in the Amazon is years in the making and largely attributed to a weakening or non-enforcement of environmental protections, resulting in a rapid increase in land-clearing for the purposes of agricultural development.

The climate impacts of these fires have been widely reported. The double tragedy of the current crisis is that, at the same time the fires are destroying millions of carbon-capturing trees, they are generating large amounts of carbon dioxide, exponentially accelerating the greenhouse effect and climate change.

Statement regarding Amazon fires

"After several years of model forestry management in Brazil where the needs of economic development and environmental preservation were balanced, we now have a crisis in the Amazon created by short-sighted commercial interests and weak governmental enforcement,” said Frank Sherman, Executive Director of Seventh Generation Interfaith Coalition for Responsible Investment. “Responsible investors and ethical corporations must voice their outrage to protect this global natural resource before we exceed the ‘tipping point’ and the climate impacts become irreversible."

What has been under-reported in the media is the egregious human rights toll the Amazon fires are taking on local and indigenous communities. Weak rule of law in Brazil and rampant deforestation have been directly connected to serious human rights abuses including incidents of forced labor, land grabs and egregious attacks on Indigenous communities and human rights defenders.

David Kane, who has worked with the Catholic missionary organization Maryknoll in Brazil for more than two decades said, “Attacks on Indigenous and natural reserves here have increased terribly since the election of Jair Bolsonaro in 2016. As his administration abdicates its responsibility for protecting the Amazon and its people, the international business and finance communities must step up and ensure that their revenues do not come from the irresponsible destruction of traditional communities who have long preserved this important part of our planet.”

Jeff Conant, International Forests Program Manager at Friends of the Earth US said, “The Bolsonaro government is making war on the Amazon and the Indigenous Peoples who’ve called it home since before time. Global commodity traders and consumer companies and their financial backers contributed to the conditions for the violence we’re witnessing, and stand to profit from it. Investors need to step up and take responsibility, as ICCR members are doing, or remain complicit.”

Calls for action on Amazon fires

The investors outlined recommended steps stakeholders can take to ensure they are not indirectly contributing to these human rights and environmental impacts of the Amazon fires including:


  • Engage their portfolio companies to address the human rights and environmental impacts associated with deforestation;
  • Support shareholder resolutions that call for greater transparency around, and respect for, human rights, forest protection, and/or compliance with the Paris Climate Accord.


  • Make a public statement in support of sustainable forestry including respect for human rights, the rights of Indigenous Peoples and local communities, land tenure standards, and rigorous enforcement of forestry protection of the Amazon, and demand evidence from commodity suppliers that their operations and supply chains are not sourcing from illegally deforested areas of the Amazon;
  • Establish and implement a zero-tolerance policy for attacks on environmental and human rights defenders and civil society advocates;
  • Strengthen company due diligence, compliance, monitoring and reporting mechanisms, including human rights impact risk assessments, to uphold human rights, prevent land grabs and help resolve long-standing land conflicts.

Financial institutions:

  • Commit to a zero-deforestation policy including public traceability of supply chains to the point of origin and cease the financing or underwriting of clients complicit in deforestation;
  • Require all agribusiness companies with whom you do business to adopt and implement a zero-tolerance policy for violence against environmental and human rights defenders;
  • Require agribusiness clients to map all suppliers and to report any investigations, indictments or fines issued for deforestation and/or land grabbing.

Stakeholders are additionally being asked to exert pressure on the Brazilian government to strengthen environmental and human rights protections. ICCR members say they will be reaching out to relevant companies on the above recommendations in the coming weeks.

About the Interfaith Center on Corporate Responsibility (ICCR)

Celebrating its 49th year, ICCR is the pioneer coalition of shareholder advocates who view the management of their investments as a catalyst for social change. Its 300 member organizations comprise faith communities, socially responsible asset managers, unions, pensions, NGOs and other socially responsible investors with combined assets of over $500 billion. ICCR members engage hundreds of corporations annually in an effort to foster greater corporate accountability.

Updated on

Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article How Can Banks Protect Real Time Payments From Fraud with Deep Labs
Next article Jacob Wohl (Finally) Charged With Felony By California Prosecutors

No posts to display