The beef and soy sectors have been two of the major drivers of deforestation in the Brazilian Amazon and Cerrado biomes in recent years. Financial institutions with exposure to these sectors may be inadvertently contributing to climate change and biodiversity loss. As global stakeholders react to these threats, financial institutions may become increasingly more exposed …
JBS, Marfrig, and Minerva are the largest meat processors in Brazil, dominating beef processing and exports. Our latest report assesses the companies’ exposure to deforestation and analyses their market, reputation, and technology risks. Our analysis shows: – The companies show little progress in monitoring indirect supply chains; – They face material financial risks from European …
JBS, Marfrig, and Minerva are the largest meat processors in Brazil, dominating beef processing and exports. The cattle industry is the main driver of deforestation in Brazil. This report, which builds on CRR’s earlier JBS analysis, assesses the companies’ exposure to deforestation and analyses their market, reputation, and technology risks. CRR has located and monitored …
Companies and their financiers are exposed to a variety of financial risks when linked to deforestation, ranging from reputational damage to reduced market access. Of the companies that disclosed information on involvement with forest-risk commodities in CDP’s 2018 survey, two-thirds conducted risk assessments of forest-related issues and 92 percent of risk assessments identified substantive business …
As fire alerts increased sharply in Brazil this summer, investors in key Brazilian meatpackers are seeing their risks grow. Even though four-fifths of Brazilian beef is consumed domestically, Brazil still remains the largest beef exporter globally. Furthermore, the top three Brazilian meatpackers, JBS, Marfrig Global Foods, and Minerva, are responsible for over 60 percent of …
In the wake of a particularly destructive 2019 fire season, year-to-date fire alerts for 2020 have already surpassed those of last year by 14 percent in the Amazon and over 200 percent in the Pantanal through September 30. On July 15, Brazilian president, Jair Bolsonaro, issued a 120-day moratorium on forest fires in the Amazon …
Casino Group is a French multi-banner food retailer, and its subsidiary Grupo Pão de Açúcar (GPA) is Brazil’s second largest retailer. This report analyzes GPA’s deforestation risk exposure based on research carried out by Envol Vert, Réporter Brasil, and Chain Reaction Research (CRR) which shows that GPA purchased beef sourced from farms involved in illegal …
The continued increases in Chinese imports of soy and beef from Brazil have contributed to high deforestation rates in both the Amazon and the Cerrado. In recent years, the China-Brazil trade link has tightened amid volatile U.S.-China relations, the depreciation of the Brazilian Real, and the African Swine Fever outbreak. Brazilian exports of frozen beef …
The United Kingdom and Germany have recently announced new bills aimed at achieving deforestation-free commodity supply chains. The bills also focus on decarbonization of the transportation and energy sectors, and, if enacted, they would help countries meet climate change and greenhouse gas emission reduction targets. At the same time, however, Indonesia plans to implement a …
As investors seek to increase the sustainability and resilience of portfolios and financial institutions expand the selection of sustainable funds globally (3,432 as of 2Q 2020), there is growing interest in mitigating Environmental, Social, Governance (ESG) risk in equity portfolios. Already, signatories to the Principles for Responsible Investment (PRI) have increased by 28 percent in …
