rich 1.0 Action Network https://actionnetwork.org <link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/petition/capital-group-needs-a-no-deforestation-policy-2?format=js&source=widget'></script><div id='can-petition-area-capital-group-needs-a-no-deforestation-policy-2' style='width: 100%'><!-- this div is the target for our HTML insertion --></div> Andrew Montes https://actionnetwork.org/users/as-you-sow/profile https://can2-prod.s3.amazonaws.com/share_options/facebook_images/000/309/197/original/AdobeStock_34049525_banner.png Things aren’t looking good for the world’s forests. With surging deforestation from Brazil to the Congo Basin, environmental policy roll backs, assaults on environmental defenders, and fires burning through rainforests on four continents, we need to drastically change course or watch as the last of our rainforests go up in smoke. Deforestation to open plantations for palm oil, pulp and paper, soy, rubber, timber and cattle is responsible for almost one quarter of all global greenhouse gas emissions. American Funds, owned by Capital Group, has huge investments in companies like Pepsico, Yum Brands, Hormel, McDonald’s and Procter & Gamble that use palm oil, beef and paper pulp in their products but have failed to eliminate deforestation from their operations. This means Capital Group has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Capital Group to adopt a No Deforestation Policy! In order to do that, Capital Group needs to get its own house in order. If they take appropriate action, large fund companies can move the entire market and play a crucial role in averting catastrophic climate outcomes, and instead finance the transition to a livable planet. But they won’t do it without pressure from us. Urge Capital Group to adopt a No Deforestation Policy! https://deforestationfreefunds.org/petitions/Capital%20Group