Allegedly criminally set fires have destroyed nearly all of Xavante Indigenous Territory Areões, about 219,000 hectares, in the state of Mato Grosso, Brazil, according to a report by Globo News, a leading mainstream media source in Brazil. Areões is an Indigenous Territory, home to about 1,500 Xavante who are now facing the catastrophic impacts from the fires.
As currently written, EP4 does not set forth a strong risk management framework to provide a dynamic starting place from which [financial institutions] can build better and more responsive social and environmental screening processes… the Equator Principles – if not further revised – can no longer be relied upon as a proxy for responsible and sustainable project finance.
Land Acknowledgement
We acknowledge that we are headquartered on Massachusett land, in Cambridge, MA, and we thank the past, current, and future Indigenous stewards of this territory.
