SITAWI signs business manifesto in favor of sustainable development

More than 60 signatories, between companies and institutions, endorse the Brazilian Business Sector Communiqué that reaffirms the public commitment and proposes a coordinated action towards sustainable development. Signatories recognize that more sustainable practices, in addition to respecting the planet’s natural limits, have a financial impact.

The group acknowledges that Brazil’s international image on environmental issues has plunged and currently generates losses for the country, either from a reputational or commercial point of view.

In this context, the manifesto reinforces the willingness to contribute to the Amazon Council, led by Brazil’s vice president Hamilton Mourão, with solutions that include the fight against illegal deforestation, the social and economic inclusion of local communities and incentives to circular and low carbon economy.

“The business sector and investors are leaving the fence, proposing a positive socio-environmental agenda for the country. It is the right thing to do, for ethical reasons, but it is also in line with our best interests to maintain a prosperous economy for current and the next generations.”, said Gustavo Pimentel, Executive Director, who signed the manifesto on behalf of SITAWI.

The document was signed by leaders of: Agropalma, Bayer Brasil, Brasilagro, Iguá, Itaú, Jacto, Marfrig, Suzano, Vedacit, WeWork Brasil, Vale, Siemens Energy, Amaggi,Michelin, Natura, Shell, Alcoa,DSM, Ticket Log, Ecolab, ERM, TozziniFreire, SITAWI, Schneider, Cargill, Cosan, JSL, Movida, Grupo Vamos, Klabin, Eletrobras, Stefanini, Rabobank, LVMH, Microsoft, Banco Santander Brasil, Sunew, Bradesco, Ambev, WayCarbon, Grupo Boticário, Palladium, Equinor, Moss, CBA, BRF, Nestlé, Duratex, FS Bioenergia, ADM, Norsk Hydro, 3E Engenharia, Report, Lojas Renner, SulAmérica SA, Ibema, Sodexo, CEPTIS, Makemake, Ipiranga, Damha Agro, Mauá Capital, Fama Investimentos, JGP, FRAM Capital and SulAmérica Investimentos.

The manifesto also counts with the endorsement of the Brazilian Agribusiness Association (Abag), the Brazilian Association of Vegetable Oil Industries (Abiove), the Brazilian Tree Industry (Ibá) and Global Compact Brazil (Rede Brasil do Pacto Global).

This initiative was articulated by the Brazilian Business Council for Sustainable Development (CEBDS), also a signatory, as a way to bring together the Brazilian business sector after a letter sent by 32 foreign investors, with US$4.5 trillion in assets under management, raised doubts about their investments in the country if the government does not change its environmental policies.

Read the letter in full.