Download Report Here (PDF) Coffee production has been identified by the Peruvian Agricultural Census of 2012 as one of the major drivers of deforestation in the Peruvian Amazon, making up 25.4 percent of agricultural land in this region. Smallholders with less than 5 hectares (ha) of land produce 62 percent of the coffee grown in …
Download Report Here (PDF) Summary Financial regulators should address environmental and human rights risks in economic sectors driving deforestation. Financial regulators should address environmental and human rights risks in economic sectors driving deforestation. Binding regulation may be more effective than voluntary initiatives. Chinese, Brazilian, and Bangladeshi experiences may be useful for regulators. As published by …
Download Report Here (PDF) Summary JBS corruption and a USD 3.16 billion leniency agreement by J&F JBS conduct raises concerns over implementation of its Corporate Social Responsibility policies JBS revenue and EBITDA may continue to be weak as 50 percent of customers might be sensitive to ESG concerns International investors may be …
Download Report Here (PDF) Grupo Palmas, including Palmas del Espino and subsidiaries, is specialized in the cultivation and processing of palm oil in the Peruvian Amazon. Grupo Palmas is 100 percent owned by the Peruvian conglomerate Grupo Romero. Grupo Palmas is Peru’s largest producer, refiner and exporter of palm oil. After past controversies, Grupo Palmas …
Two Rotten Meat and Deforestation Scandals JBS SA, the world’s biggest meatpacking company, halted beef production at all but three of its 36 plants in Brazil last week as federal police released results from their two-year investigation of pork, poultry and beef meatpackers. They found that health inspectors and politicians took bribes to allow domestic …
Download Report Here (PDF) Alicorp is one of the largest consumer goods companies in Peru. It has an important presence in Latin American countries. Alicorp is a domestic market leader in various product categories in the following business segments: consumer goods, B2B and aquaculture. It dominates the Peruvian oils and fats sector, and is the …
Sime Darby to Split Into Three Corporations in 2018 But No IPO Sime Darby announced that shares of its property and plantation divisions will be distributed to current shareholders in 2018, in proportion to their shareholdings in Sime Darby. The conglomerate will split into three publicly-traded companies: Sime Darby Plantation while manage the plantation business, Sime Darby …
Investors With $600 Billion AUM Launch Latin America Forest Protection Initiative Green Century Capital Management announced it has organized 38 investors in the U.S. and globally, representing $617.5 billion in assets under management, to ask that companies reaffirm and extend zero deforestation commitments specifically to Latin America. These investors have requested that ADM, Bunge, McDonald’s, …
The London Stock Exchange (LSE) reported that United Cacao Ltd. Managing Director and former Chairman Dennis Melka resigned from his post on Thursday, January 5, 2017. He resigned after United Cacao’s directors “unanimously resolved” to seek his “immediate termination”. Also on January 5, 2017, Strand Hanson Limited resigned as nominated adviser to United Cacao and as …
Sampoerna Agro Fined $81 Million for 2014 Fires On August 15, the Government of Indonesia fined Sampoerna Agro $81 million for 2014 forest fires on 3,000 hectares on its concessions in Riau Province, Indonesia. The $81 million fine is slightly less than Sampoerna Agro’s revenue in the first six months of 2016. Currently, Indonesia is …
