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  • November 4, 2020 • •

    WEBINAR: FMCGs’ Zero-Deforestation Challenges & Growing Exposure to Reputation Risk

    Fast-Moving Consumer Goods Companies (FMCGs) had aimed to eliminate deforestation in their supply chains by 2020, but most are lagging in implementing and executing their zero-deforestation policies. This exposes them to growing reputation risk as consumers, NGOs, and governments pressure them to increase their ambitions. Some FMCGs have recently reaffirmed their commitments to curbing deforestation, …

  • October 14, 2020 • •

    WEBINAR: Possible Financial & Legal Implications of Casino Group’s Deforestation Links

    French Casino Group and its subsidiary Grupo Pão de Açúcar (GPA), Brazil’s second-largest retailer, are facing a significant legal risk due to allegations of non-compliance with French law. Research by Envol Vert, Réporter Brasil, and Chain Reaction Research (CRR) shows that GPA purchased beef sourced from farms involved in illegal deforestation and encroachment on indigenous …

  • September 19, 2020 • •

    WEBINAR: China’s Links to Brazilian Deforestation

    China is currently the world’s largest meat producer and consumer and experiencing sharp increases in imported soy and beef from Brazil that have contributed to deforestation in the Cerrado and Amazon. From January-May 2020, Brazil’s soybean exports to China increased by around 36.8 percent year-on-year, and Brazilian exports of frozen beef to China grew by 128 percent …

  • September 1, 2020 • •

    WEBINAR: Brazilian Beef Supply Chain – The Main Actors, ESG Impacts, and Business Risks

    In recent years, beef production in Brazil has expanded considerably amid favorable political, legislative, and enforcement changes. These trends have occurred at the same time as deforestation, fires, and land-grabbing in the Amazon have all increased. Investors and buyers in global supply chains have, meanwhile, started demanding compliance with sustainable practices and transparency from the …


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Chain Reaction Research (CRR) strives to provide objective insight and unbiased analysis on market trends and company and investor risk for its readers. CRR determines content based on what is considered to be of broad interest to readers and whether it can provide candid, high-level debate.


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 Lucile 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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