Investment fund drops Brazil’s JBS over environment

The asset management division of the Nordic region’s largest bank said Tuesday it has divested from the world’s biggest meat processing company, Brazil’s JBS, over destruction of the Amazon rainforest and other scandals. Nordea is one of 29 global investment firms managing close to $4 trillion in assets that last month wrote an open letter to far-right President Jair Bolsonaro urging him to change government policies blamed for accelerating the…