Shareholders and Loan Issuers Include International Financial Institutions with Palm Oil Policies Please download the full report here (PDF). A segment of the palm oil industry continues to produce or purchase palm oil from recently deforested plantations and cleared peatlands. Actors in this segment contribute to the ‘leakage’ of unsustainable palm oil into the overall …
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 …
Tunas Baru Lampung (TBLA) is an integrated palm oil and sugar cane company established in 1973. It was publicly listed on the Jakarta Stock Exchange in 2000. TBLA is a member of the Sungai Budi Group, which is one of Indonesia’s largest manufacturers and distributers of agricultural consumer products. As of January 2018, 46 percent …
Chain Reaction Research, a joint effort between Climate Advisers, Aidenvironment and Profundo published a financial risk assessment report entitled “Tunas Baru Lampung: Contested Land and Peat Clearing Could Drive Substantial Value Loss.” on 14 March 2018. On March 16 2018, TBLA posted its rebuttal on the company’s website. We appreciate the company’s openness for further …
Lembaga Tabung Haji is a Malaysian Islamic financial institution, with over USD 16 billion in assets under management. TH Plantations (THP) is Lembaga Tabung Haji’s publicly traded palm oil arm, with 32 palm oil plantations in Malaysia and Indonesia. It has a total landbank of 102,000 ha, of which 61,104 ha is planted. The company …
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, …
The palm oil industry’s transformation towards sustainability gained traction in 2013 when major Southeast Asian palm oil traders/refiners began to embrace ‘No Deforestation No Peat No Exploitation’ (NDPE) sourcing policies. Through such policies, these firms require their suppliers to refrain from clearing forests and peatlands for new oil palm plantations. However, unsustainable practices continue to …
