Why investors are putting biodiversity on the balance sheet C.J. Clouse Thu, 03/04/2021 - 02:11 Reprinted from GreenFin Weekly, a free weekly newsletter. Subscribe here. Last summer, the investment arm of northern Europe’s largest financial services group dropped Brazilian meat giant JBS from its portfolio. Nordea Asset Management, which manages roughly $280 billion, gave several reasons for the decision, including JBS’s links to farms involved in Amazon deforestation. "The exclusion of JBS is quite dramatic for us because it is from all of our funds, not just the ones labelled ESG," Eric Pedersen, Nordea’s head of responsible investments, told The Guardian.