Global deforestation is a major driver of biodiversity loss and climate change, and has significant environmental, social, and financial implications for ecosystems, communities, companies, and investors.
Land use and biodiversity are emerging areas of focus for the State Street Global Advisors’ Asset Stewardship program. In 2021, we initiated a series of targeted engagements to learn more about how our investee companies manage deforestation risk stemming from their supply chain.
Companies in high-exposure sectors are taking various steps to address risks related to global deforestation in their supply chain and investments, but there are a number of challenges they face while identifying and remediating these issues. We will continue to engage with companies to inform our ongoing efforts in this space. Please reach out to our team at GovernanceTeam@ssga.com to request an engagement on this important topic.
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