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.
Why it matters. Brazil will need...
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