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/state-street-needs-a-no-deforestation-policy-2?format=js&source=widget'></script><div id='can-petition-area-state-street-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/000/348/778/original/AdobeStock_34049525_banner.png State Street is one of the largest and most influential investment firms in the world. Unlike many large investors, State Street actually has a number of fossil free funds – which shows that State Street understands the existential threat of climate change. Yet, even in its fossil-free funds, and across its portfolios, State Street still has huge investments in companies like JBS, Sime Darby, Posco and Mitsubishi that grow and trade palm oil, beef, and rubber, and others like Tesco and Carrefour that use these commodities in their products but have failed to eliminate deforestation from their operations. This means State Street 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 State Street to improve its climate game by adopting a No Deforestation Policy! 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 State Street to adopt a No Deforestation Policy! https://deforestationfreefunds.org/petitions/State%20Street