Deforestation to clear land for palm oil, pulp and paper, soy, rubber, timber and cattle is responsible for almost one quarter of all global greenhouse gas emissions. Corporate control of land for industrial plantation agriculture is also a leading cause of violent land conflicts.
Fidelity has huge investments in companies like Bunge, Noble Group, Golden-Agri Resources and Resolute Forest Products that grow, trade or use palm oil, beef and soy in their products but have failed to eliminate deforestation and human rights abuses from their operations. This means Fidelity has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented.
In order to do that, Fidelity needs a high-level policy to set the course.
Tell Fidelity to adopt a No Deforestation Policy!
As one of the world’s largest fund managers, Fidelity can play a crucial role in averting catastrophic climate outcomes, and instead financing the transition to a livable planet. But Fidelity won’t do it without pressure from us.
Urge Fidelity to adopt a No Deforestation Policy!