Investors have recently stepped up their pressure on meatpacking companies operating in the Amazon over deforestation, meeting with government officials, warning of growing reputational risks for the sector, and even threatening divestment. One investor has followed through on the divestment threat, selling EUR 40 million worth of shares. Nordea Asset Management has divested from JBS …
Yum China Holding Inc. (YUMC) is the largest restaurant chain in China. In June 2020, YUMC reportedly filed for a confidential secondary listing in Hong Kong. This report presents the company’s deforestation risk exposure and associated financial risks. Download the PDF here: Major Deforestation Footprint a Risk for Yum China’s Secondary Listing Key Findings: As …
BlackRock Investment Stewardship released a report on sustainability this week, providing an overview of the asset manager’s voting practices and engagement in 2020 connected to climate change. BlackRock, the world’s largest asset manager, says that it has voted against 53 companies for not making enough progress in disclosing climate risks or integrating these risks into …
This Chain is part of a series on how the COVID-19 crisis is affecting agricultural markets and investor flows. Amid widespread outbreaks in crowded meat processing facilities and a major decline in restaurant demand, innovative solutions for those operating along agricultural supply chains are accelerating during the era of COVID-19. International megatrends that were disrupting …
Marfrig, one of Brazil’s top meatpackers, has seen major changes recently in its shareholder base. Brazilian development bank, the National Bank for Economic and Social Development (abbreviated BNDES in Portuguese), sold its shares as part of a restructuring initiative, giving room to several controversial investors to increase their stakes in the company. By the end …
This Chain is part of a series on how the COVID-19 crisis is affecting agricultural markets and investor flows. The global food chain continues to see major disruptions as a result of the global outbreak of COVID-19. One of the main factors behind disrupted supply chains is workers falling ill with COVID-19, forcing companies to …
This Chain is part of a series on how COVID-19 is affecting agricultural markets and investor flows. Many indigenous groups are now facing threats on multiple fronts: a healthcare crisis; encroachment of tribal lands; and an upcoming fire season. Remote tribes in Brazil are particularly vulnerable as illegal intrusions rise and landgrabbers are increasingly legitimized …
CRR Webinar: Which companies are most exposed to deforestation-driven fires in their supply chains? Expanding agricultural production was one of the main factors behind the Brazilian tropical fires that shocked the world in 2019. Indonesia also endured extensive blazes, often linked to deforestation for palm oil. NGOs, politicians and celebrities called for action to stop …
Widespread fires in Brazilian tropical forests were at the center of media attention in 2019. NGOs, politicians and celebrities called for action to stop deforestation for soy and livestock, the main cause of the fires. Indonesia also endured extensive blazes in 2019, often linked to deforestation for palm oil. Forests in Brazil and Indonesia capture …
Major agricultural commodity-producing countries are seeing environmental enforcement rollbacks amid the coronavirus pandemic. In Brazil and Southeast Asia, concerns about worker safety and limited resources have reduced environmental law enforcement, including the protection of forests and indigenous peoples. These developments increase exposure to deforestation risks for agricultural companies and their investors. In Brazil, the country’s …
