Swiss Re made contracts with Brazil grain companies blamed for Amazon deforestation
The Swiss Re insurance group has concluded 19 contracts with Brazilian grain companies known for their illegal deforestation.
These contracts were concluded between 2016 and 2022, reports the Swiss German newspaper SonntagsZeitung, based on data gathered by the Report Brazil collective.
The companies concerned are all on the Brazilian government’s red list.
In particular, Swiss Re has concluded 17 insurance contracts with the company Manto Verde, which has been fined by the Brazilian government.
The insurance policies in question are no longer in force, according to Swiss Re.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.