Royal Foundation also places investments in trust that owns shares in firms that buy palm oil, investigation reveals
, the charity set up by the Cambridges, also places more than half of its investments in a fund – advertised as green – that owns shares in large food companies. Some of these firms buy palm oil from companies linked to deforestation, the investigation by the Associated Press claimed.and Royal Foundation as saying: “The Earth is at a tipping point and we face a stark choice.”
As with JP Morgan, it still keeps funds with Cazenove, which in May had securities allegedly linked to deforestation through the use of palm oil. The foundation invested similar amounts in both funds in 2020, its older filings show. As of December 2021, the charity also held more than £10m in cash, it was reported.
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