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 …
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 …
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 …
Chain Reaction Research held a webinar that covers the findings of two reports assessing the EU Deforestation Law and its impacts on stakeholders within Brazilian cattle and soy supply chains. The first report assesses the viability and costs of implementing the law for soy and beef supply chains in Brazil. The results show that traceability …
This report discusses the traceability requirement of the new EU regulation on deforestation-free products and the feasibility of its implementation in cattle and soy supply chains in Brazil. Traceability is crucial to ensure that commodity production is not linked to deforestation or forest degradation. Download the PDF here: EU Deforestation Law_Traceability Viable in Brazilian Beef …
Cargill and Bunge, the world’s two largest traders of Brazilian soy, have been recently linked to a contested farm in Brazil, connecting the companies to human rights violations of traditional communities. Earthsight and De Olho nos Ruralistas, two non-profit organizations in the UK and Brazil, recently found that Cargill and Bunge are sourcing soy from …
BrasilAgro, a Brazilian rural real estate firm and soy producer, has plans to convert at least 10,000 hectares (ha) of Cerrado native vegetation for livestock and grain production, which include the drilling of several large-capacity wells. Chain Reaction Research has previously flagged the company’s clearing operations in Brazil and its associated business risks. BrasilAgro has …
Investors are continuing to urge governments and companies to take actions to conserve forests and curb commodity-driven deforestation. A group of NGOs and activist investors are currently putting together a sign-on letter in support of three key pieces of legislation in the United States that aim to decrease deforestation risks and human rights abuses in …
Just two weeks after a watershed announcement by more than 100 countries at COP26 on eliminating deforestation, the EU released a draft law on November 17 that would require companies to show that their products are not tied to forest clearing. Essentially, the legislation would ban commodities that are linked to deforestation, whether legal or …
