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July 11, 2023 • Other (Beef, Timber, Coffee), Palm Oil, Soy • Africa, Latin America, Southeast Asia
The Chain: Cracks in Financial Institutions’ Responsibility Status in Deforestation Regulation
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 …
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June 15, 2023 • Other (Beef, Timber, Coffee), Palm Oil, Soy • Africa, Latin America, Southeast Asia
The Chain: EU Corporations, Investors Face Sustainability Due Diligence Obligations
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 …
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December 14, 2022 • Palm Oil • Southeast Asia
The Chain: Bumitama Clarifies Sourcing Policies After Palm Oil from Deforestation-Linked PT Permata Sawit Mandiri Enters Its Mills
On November 24, 2022, the palm oil company Bumitama Agri Ltd issued a statement clarifying its commitment to its No Deforestation, No Peat, No Exploitation (NDPE) policy. The statement came after it was uncovered that a non-compliant supplier, PT Permata Sawit Mandiri (PSM), had entered Bumitama’s supply chain. Fresh fruit bunches (FFB) from PT PSM …
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October 3, 2022 • Palm Oil • Latin America
The Chain: Agropalma’s Owners Look to Sell While Company’s ESG Violations Rise
The owner of Agropalma SA, the largest exporter of palm oil in Brazil, is considering the sale of the company. Agropalma is a wholly owned subsidiary of the Alfa Group, a conglomerate with business segments in finance, hotels, retail, and construction. The Alfa Group is owned by the five daughters of Aloysio Andrade de Faria, …
The Chain
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