Research into the companies driving deforestation and human rights abuses, from consumer goods supply chains to finance corporations. Recommendations outline both principles and practices that companies and investors must adopt to stop forest destruction and accompanying human rights violations
Investing in Amazon Crude II: How the Big Three Asset Managers Actively Fund the Amazon Oil Industry
Three of the world's largest asset managers – BlackRock, Vanguard, and State Street – with trillions of dollars under their control, invest in oil companies with horrific environmental and human rights records across the Amazon Basin.
Right now, these asset managers hold a large amount of risk by actively contributing to Indigenous and human rights abuses, forest destruction, biodiversity loss, and climate chaos. The "Big Three" can't claim to be climate champions while steering client money into oil drilling in the rainforest.
Forests and Human Rights: Principles for Asset Managers
The best way to protect the world’s tropical forests is to recognize and respect the legal and customary rights and self-determination of Indigenous and tribal peoples and local communities who live in and care for forests.
This new edition of Complicity in Destruction III, published by the Association of Brazil’s Indigenous Peoples (APIB) in partnership with Amazon Watch, reveals how a network of leading international financial institutions is linked to conflicts on Indigenous lands, illegal deforestation, land grabbing, the weakening of environmental protections, and the production and export of conflict commodities.
This report examines the ways in which the Big Three have “doubled down on deforestation”. Finally, this report offers recommendations for urgent actions the Big Three can and must take to uphold their responsibility, not only to their beneficiaries, but to our planetary surviva