Internationally, financial institutions (FIs) continue to be exempt
from crucial regulations to raise their efforts and responsibility to halt deforestation and
human rights violations linked to supply chains they finance. Recently, however, some
initial steps were proposed in Brazil to change this situation, and a report on Rabobank
showed that the environmental and social damage …
The European Parliament adopted its negotiating position on the
Corporate Sustainability Due Diligence Directive (CSDDD) on June 1, 2023. Under the CSDDD,
companies — potentially including those in financial services — will be obligated to
demonstrate what action they are taking to protect not only the environment, but also human
rights. Due diligence is not …
On November 24, 2022, the palm oil company Bumitama Agri Ltd issued
a statement clarifying its commitment to its No Deforestation, No Peat, No Exploitation
(NDPE) policy. The statement came after it was uncovered that a non-compliant supplier, PT
Permata Sawit Mandiri (PSM), had entered Bumitama’s supply chain. Fresh fruit bunches (FFB)
from PT PSM …
The owner of Agropalma SA, the largest exporter of palm oil in
Brazil, is considering the sale of the company. Agropalma is a wholly owned subsidiary of
the Alfa Group, a conglomerate with business segments in finance, hotels, retail, and
construction. The Alfa Group is owned by the five daughters of Aloysio Andrade de Faria,
…
In the last decade, there have been large strides made in tackling
commodity-driven deforestation: Awareness of the impacts of forest loss and degradation on
climate change has grown; deforestation rates in Southeast Asia have declined; and corporate
accountability and (financial) transparency in supply chains have improved. This report
looks back at ten years of Chain …
Sodrugestvo is a Luxembourg-based agro-industrial group with
Russian ownership. While less known than the top soy traders, it has significantly expanded
its sourcing, processing, and trading of Brazilian soy in recent years. The company is
linked to various social and environmental issues. Download the PDF here: Sodrugestvo: Soy
Trader Linked to Brazilian Deforestation, Russian Finances …
Palm oil buyers with No Deforestation, No Peat, No Exploitation
(NDPE) policies have increasingly removed deforestation-linked palm oil suppliers from their
supply chains. However, some palm oil buyers remain linked to deforestation as their palm
oil suppliers continue to deforest in other sectors, such as timber and mining. Currently,
NDPE policies are still applied to …
The upcoming EU Deforestation Regulation will have an impact on
JBS, Minerva and Marfrig. A sample of 12,461 direct and 26,572 indirect suppliers of these
key meatpackers shows recent deforestation that may end up in the European Union’s (EU) beef
and leather consumption markets. Any deforestation after the proposed December 31, 2020
cut-off date would …
Chain Reaction Research (CRR), joined by Green Century and
Solidaridad Network, hosted this webinar to review the work of the CRR consortium over the
past decade and discuss deforestation financial risks for palm oil, soy and beef have
evolved over that time. Our work has drawn upon on-the-ground investigations, satellite
analysis, economic modeling and other …
Orbitas, an initiative of Climate Advisers, partnered with Chain
Reaction consortium members AidEnvironment and Profundo to host a webinar discussing our
recent report on the potential climate costs for Scope 3 deforestation emissions from beef,
palm oil, coffee, cocoa, rubber and soy imports into the U.S. The report,The High Cost of
Ignoring Scope 3 Deforestation …
Chain Reaction Research and special guest reporter André Campos of
Repórter Brasil to discuss our report on Sodrugestvo in this webinar. The CRR report
uncovered how Sodrugestvo, a Luxembourg-based agro-industrial group with Russian ownership,
has significantly expanded its footprint in Brazilian soy in recent years. The company’s
recent ties to illegal deforestation in the Amazon …
The palm oil sector has seen significant decreases in deforestation
over the past few years with most land clearing done by just a few companies. However,
deforestation in Southeast Asia is still a cause for concern, and many palm oil suppliers
are tied to subsidiaries and other entities clearing new land for timber and mining.
…
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.
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