An activist fund to monitor climate-irresponsible companies
Founded in 1993, FAMA Investimentos prides itself on investing in companies with good ESG practices. Now, it hopes to target (and reclaim) firms with shadier records: FAMA has unveiled an activist fund that seeks out companies that remain climate-irresponsible.
MO. For its new fund, FAMA will pick companies that have a negative impact on the climate in various sectors, such as agriculture, retail, or mining. The goal will be not only to flag issues but also to propose solutions that will bring financial as well as PR benefits to the companies.
- Carlos Nobre, a scientist, researcher and climatologist, will lead the initiative. Meanwhile, Caroline Prolo, a lawyer and founder of the Latin American Climate Lawyers Initiative for Mobilizing Action, will act as a liaison with the chosen companies.
- FAMA has also created an independent advisory council made up of Natalie Unterstell, head of the climate-focused think tank Talanoa Institute, Jair Ribeiro, a former banker, and Renato Meirelles, founder and president of the Locomotiva Institute, which uses data for market insights.
Why it matters. Brazil will need...
Search
