Green Century Mobilizes Investors with $400 billion in AUM in Support of California Deforestation Free Procurement Act
Green Century recently mobilized investors with $400 billion in assets under management (AUM) in support of the California Deforestation Free Procurement Act.
The California Deforestation Free Procurement Act (AB 572) would mandate No Deforestation, No Peat, No Exploitation (NDPE) policies, certification, and public disclosure for state contractors and subcontractors.
It also would help investors mitigate the material risks posed by forest destruction and climate change to the companies in which we invest and help investors identify corporations that are fulfilling their NDPE and zero-deforestation commitments.
You can read our letter of support here.
As one of the leading global investors working to end deforestation, Green Century was proud to endorse AB 572 last month. Ending the destruction of tropical forests and peatlands is a critical component to combating the climate crisis. Deforestation is the third largest driver of climate change, responsible for approximately 15% of all global greenhouse gas emissions.
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