As a result of “Operation Soy Sauce”, Reuters reported May 23, 2018 that the Brazilian government environmental agency Ibama and federal prosecutors have fined Bunge, Cargill, ABC Indústria e Comércio SA, JJ Samar Agronegócios Eireli, and Uniggel Proteção de Plantas collectively USD 6.7 million for deforestation-related activities and land clearing in the Matopiba region – …
Cargill Inc. is the largest privately held corporation in the United States. It is involved in the purchasing, trading, processing and distribution of food, agriculture, financial and industrial products and services. Cargill is also one of the largest food companies in Brazil, where it operates 22 processing factories, six port terminals, and 192 warehouses and …
In February Nestlé and Unilever both published a list of all their direct and indirect palm oil suppliers and mills. These two consumer goods companies are major players in the global palm oil industry, and purchase about four percent of palm oil production globally. Most of the larger palm oil traders and refiners, such as …
The Norwegian Government Pension Fund has slowly ramped up its response to deforestation concerns within its portfolio. The Fund has a history of addressing risks in sectors and companies that it considers prone to long-term risks. This included companies that face elevated risks from environmental, social, and governance (ESG) issues. Between 2012 and 2015, the …
On January 19, the Wall Street Journal reported that ADM was considering making a hostile takeover bid for Bunge similar to Glencore’s unsolicited bid in May 2017 that led to Glencore and Bunge agreeing to a “standstill” agreement that prevents Bunge from further unsolicited bids. J.P. Morgan analyst Ann Duignan reported that this agreement “ends …
The large-scale expansion of soybean cultivation in Brazil has been identified as one of the key drivers of deforestation in the last 20 years. The Cerrado, which is a particularly biodiverse and carbon-rich biome, has been rapidly converted. Prior analyses by Chain Reaction Research have found that soy producers face financial risks from ongoing involvement …
The large-scale expansion of soybean cultivation in Brazil has been identified as one of the key drivers of deforestation in Brazil in the last 20 years. While the 2006 Soy Moratorium has helped to weaken the relation between deforestation and soy cultivation in the Brazilian Amazon Biome, other highly biodiverse and carbon-rich eco-regions – such …
The global agribusiness and food company Bunge is among the largest players in Brazil’s soy supply chain. It is the leading soy trader in Piauí, a state in the Brazil’s Cerrado biome. In Piauí, expansion of soy farms is associated with deforestation and other environmental and social impacts. Downstream companies have called to halt deforestation …
BrasilAgro is a Brazilian rural real estate firm. It focuses on acquiring ‘underutilized and non-productive land’. It generates revenues by clearing and developing land and subsequently selling these rural properties. In addition, BrasilAgro produces soy, sugarcane, corn and livestock. BrasilAgro has 11 properties in its portfolio. The majority of its farms are in the Cerrado, …
Forest Heroes recently released a report, Green Cats: Scoring Palm Oil and Soy Companies on Forest Policies and Transparency, which analyzes the public pledges of 26 companies – 21 in the SE Asian palm oil market and five in the Latin American soy industry. It examines public disclosure on 18 different factors related to zero-deforestation …
