{
"type": "rich",
"version": "1.0",
"provider_name": "Action Network",
"provider_url": "https://actionnetwork.org",
"html": "",
"author_name": "Andrew Montes",
"author_url": "https://actionnetwork.org/users/as-you-sow/profile",
"title": "Vanguard Needs a No Deforestation Policy ",
"thumbnail_url": "https://can2-prod.s3.amazonaws.com/share_options/facebook_images/000/309/109/original/AdobeStock_34049525_banner.png",
"description": "Every year, the world loses an area of tropical rainforest the size of the United Kingdom. Massive 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, as these activities dispossess and displace local communities. Vanguard holds hundreds of millions of dollars in shares in the agribusiness companies most responsible for devastating our rainforests. Vanguard’s continued financing of the world’s worst deforesters exposes Vanguard and its clients to reputational and financial risk – and Vanguard has no policy in place to stop the destruction. Tell Vanguard to adopt a No Deforestation Policy! As one of the world’s largest investment firms, Vanguard pioneered a model of investment where the firm invests in virtually every public company in the world through passive funds – meaning it gives up any control over what those companies do. Today, Vanguard is among the world’s top investors in both fossil fuels and the companies responsible for the global deforestation crisis – and it has taken no responsibility for the destruction these companies cause to our forests, our climate, and the rights of communities. Large fund companies like Vanguard can move the entire market and play a crucial role in averting catastrophe, and instead finance the transition to a livable planet. But they won’t do it without pressure from us. Urge Vanguard to adopt a No Deforestation Policy!",
"url": "https://deforestationfreefunds.org/petitions/Vanguard"
}