In December 2019, a coalition of investment institutions and global corporations exposed to the Brazilian soy sector published an open letter aimed at the Brazilian government. The letter calls for the protection of the Amazon Soy Moratorium, an agreement signed in 2006 to ensure that soy production in the Amazon region only occurs on existing converted agricultural land and not through deforestation of native vegetation.

Since the implementation of the moratorium, soy-related deforestation has decreased while Amazonian soy production has increased by 400%, showing that agricultural output can be increased while protecting tropical forests.

Signatories include nearly half of the salmon farming industry such as Mowi, Leroy, Cermaq, Grieg Seafood, among others, and feed producer, BioMar. The letter was co-ordinated by investor network, FAIRR.

Download the letter and full list of investor and corporate signatories here.