Nordea AM breaks off with Brazilian meat giant

According to NAM's Head of Responsible Investments, the asset manager has not been impressed with JBS' level of commitment. NAM dropped JBS from its portfolios after several meetings in Brazil regarding the company's connections to cattle from farms involved in deforestation, Eric Pedersen says in the Guardian.

JBS, the Brazilian meat processer has been linked five times to cattle supplied by Amazon farms involved in deforestation. Photo: Pexel: Kat Jayne.

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