China’s meat industry is now facing major challenges with African swine fever poised to cut the country’s pig population by a third. The impact of this sharp decline will likely have widespread ramifications, including higher global meat prices and stronger Chinese imports from Latin American countries, particularly Brazil, where rising deforestation is being fueled by …
Casino Group is a French multi-banner food retailer, with a controlling share in Grupo Pão de Açúcar (GPA) in Brazil. This report analyses GPA’s deforestation risk exposure based on beef samples collected through store visits. Chain Reaction Research (CRR) visited 50 GPA supermarkets in five Brazilian cities and inspected 500 randomly selected beef products. Data …
With more reliance on Brazilian beef, Chinese downstream companies in the meat industry are facing risks from supply associated with deforestation. Higher demand for Brazilian beef in China, where imports from Brazil have quadrupled since 2010, has been the major driver behind the rise in Brazil’s exports. Total exports of Brazilian beef increased by 2.6 …
On behalf of Fern, Aidenvironment & Principles for Responsible Investment (PRI), you are invited to the event “Responsible Investment into Sustainable, Deforestation-free Supply Chains – Which EU Policies Do We Need?” which will take place on May 6, from 12.30 to 15.00 at the Norway House, Rue Archimède 17, 1000 Bruxelles. To register, please click here. Focusing on …
The United States, the largest beef consumer in the world, is accelerating a process to reopen beef imports from Brazil, the world’s largest beef exporter. U.S. President Donald Trump agreed at a meeting in Washington on March 19, 2019 with Brazil’s President Jair Bolsonaro to take steps to resume beef trade between the two countries after …
The Brazilian state of Tocantins is the latest hotspot for soy- and cattle-related deforestation. In 2018, more land was cleared there than in any other state of the Brazilian Cerrado, a large tropical savanna biome that covers more than 20 percent of Brazil. Overall Cerrado deforestation rates have declined in recent years, but Tocantins continues …
The number of cattle slaughtered in Brazil reached 31.86 million heads in 2018, the highest level since 2014. The higher rate of slaughter increases the risk of even more cattle-driven deforestation occurring in Brazil. As Chain Reaction Research (CRR) highlighted in a report last September, the cattle industry is a major driver of deforestation in …
Major commodity trader Cargill, a privately held company based in the United States, recently updated its plans to eliminate deforestation in all of its agricultural supply chains by 2030. While the company’s aim to bolster its sustainability policies for soy is a positive development, it is unclear as to how the company will reach this …
Cencosud, the fourth largest supermarket chain in Brazil, published a statement to affirm it will source beef from only slaughterhouses that are not linked to Amazon deforestation, indigenous lands, environmental reserves, or slave labor. The statement, however, lacks details regarding how and when the company will implement this policy. Cencosud has not clarified a strategy …
A group of U.S. Senators recently sent letters on February 4, 2019 to investors and asset managers urging them to take into account deforestation risks in their portfolios. The Senators, led by Brian Schatz, a Democrat from Hawaii, asked the financial actors to commit to pressuring companies in agricultural supply chains that do not adequately address …
