CRR research has found that South Korean companies are significant leakage players as both developers of plantations and buyers of palm oil products. Six South Korean plantation owners have significant non-compliance issues linked, to environmental, social, and human rights issues. The top South Korean buyers of Indonesian palm lack the world’s best sustainability commitments, and …
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 …
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, …
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 …
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 …
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 …
Palm oil crushers and refiners sit within a bottleneck of the palm oil industry. Because of this, they serve as key actors in establishing and enforcing sustainability commitments. Joined by ZSL’s (Zoological Society of London) SPOTT initiative and BMO Global Asset Management, Chain Reaction Research discusses new insights on this sector’s sustainability commitments and connection …
Palm oil spot markets have become a backdoor that has allowed non-compliant producers to enter into the supply chains of companies with No Deforestation, No Peatland, and No Exploitation policies. The spot market’s nature allows palm products to cross many hands before reaching their final destinations, making due diligence difficult. Chain Reaction Research (CRR) analysts …
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 …
When: March 26, 2020 10:00 AM Eastern Time (US and Canada) Description: The global meat industry and the market for vegetable oils such as soybeans have seen a massive boom in recent years. High production growth rates, fueled by consumer demand in Brazil, the EU and China, are particularly prevalent in the Brazilian Cerrado, contributing …
