Overseas –Chinese Banking Corp (OCBC) stated it would peg Wilmar’s existing USD 200 million revolving credit facility interest rate to sustainability criteria. In designing the step-down facility, the two Singapore-based companies are applying the Association of Banks in Singapore guidelines for responsible investing. Sustainalytics, an independent sustainability ratings firm, will assess Wilmar’s performance during the …
Carrefour will invest USD 1.5 million towards sourcing sustainable beef and the state of Mato Grosso’s initiative, which seeks to restore degraded land and protect forests in the Cerrado and Amazon regions of Brazil. The Mato Grosso initiative includes a platform on which ranchers and farmers can register their sustainable practices to connect with corporate …
As of Q3 2017, Harvard’s endowment was valued at USD 37.1 billion. This ranked Harvard first out of 1,158 ranked university endowments in the United States. In its fiscal year which ended June 30, 2017, Harvard wrote down its natural resources portfolio 28 percent from USD 4 billion to USD 2.9 billion. This USD 1.1 …
As a result of “Operation Soy Sauce”, Reuters reported May 23, 2018 that the Brazilian government environmental agency Ibama and federal prosecutors have fined Bunge, Cargill, ABC Indústria e Comércio SA, JJ Samar Agronegócios Eireli, and Uniggel Proteção de Plantas collectively USD 6.7 million for deforestation-related activities and land clearing in the Matopiba region – …
Shareholders and Loan Issuers Include International Financial Institutions with Palm Oil Policies Download Report Here (PDF) A segment of the palm oil industry continues to produce or purchase palm oil from recently deforested plantations and cleared peatlands. Actors in this segment contribute to the ‘leakage’ of unsustainable palm oil into the overall palm oil market. …
Download full report here (PDF) Cargill Inc. is the largest privately held corporation in the United States. It is involved in the purchasing, trading, processing and distribution of food, agriculture, financial and industrial products and services. Cargill is also one of the largest food companies in Brazil, where it operates 22 processing factories, six port …
Download Report Here (PDF) | Read TBLA’s response to the report, and our reply Summary An estimated 75 percent of TBLA’s landbank is contested. TBLA’s recent peat clearance violates Indonesia’s peat moratorium. As a result of non-compliance with clients’ NDPE sourcing policies, 10 percent of TBLA’s revenues are at risk. Tunas Baru Lampung (TBLA) is an …
Chain Reaction Research, a joint effort between Climate Advisers, Aidenvironment and Profundo published a financial risk assessment report entitled “Tunas Baru Lampung: Contested Land and Peat Clearing Could Drive Substantial Value Loss.” on 14 March 2018. On March 16 2018, TBLA posted its rebuttal on the company’s website. We appreciate the company’s openness for further …
Risks for Investors in Tropical Commodities An event at the PRI in Person 2017 Conference in Berlin Wednesday, September 27, 2017, 1:30 pm to 2:30pm InterContinental Hotel, Berlin, Germany Free Admission To register, or if you have any questions regarding this event, please email profundo@profundo.nl. Production of tropical commodities such as palm oil, soy, beef …
Aidenvironment Presents A Discussion Event: Making No Deforestation Commitments Work December 1, Amsterdam In an interactive afternoon event, Aidenvironment, Chain Reaction Research coalition partner, will bring stakeholders from the private, public, and finance sectors together to share views on advancing No Deforestation practices – with special attention being given to the perspective of institutional investors. Implementing corporate No …
MSCI, Columbia Business School, The Earth Institute at Columbia University, The Prometheus Institute of Sustainable Development, and Chain Reaction Research present: Nature’s Risks and Returns Conference and Live-stream Webinar with Palm Oil Panel October 25 in New York City Please join us for a practitioners’ exchange on the risks and opportunities of natural capital dependency. …
Chain Reaction Research conducts free sustainability risk analysis for financial analysts, credit analysts, commercial bankers, institutional investors, corporations, and other stakeholders. Our special focus is demonstrating that deforestation is material financial risk. We focus on tropical deforestation-related commodities including palm oil, soy, cattle, coffee, cacao, timber pulp and paper, and other products. We are funded by the David and Lucille Packard Foundation, the International Climate and Forest Initiative (NICFI) scheme managed by the Norwegian Agency for Development Cooperation (Norad), and the Moore Charitable Foundation. Chain Reaction Research statements and materials do not necessarily reflect the standpoints of the Packard Foundation, the Moore Foundation or Norad.
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