However, recognising the relevance of the mentioned case and always aiming to promote the best corporate governance and sustainability practices of investee companies, BNDES will inform its representatives on the company's Board of Directors of the facts reported herein so that they can, subject to the respective duty of diligence and other applicable legal duties, delve into the measures taken by. [...] In addition, it follows socio- environmental and climate best practices recommended by relevant international organizations to which the bank is a signatory, and is supported by internal guidelines and protocols such as the Responsible Investment Policy, the Social, Environmental, and Climate Responsibilities Policy, the Sustainable Financing Framework, and the 20 Sectoral Policies.” ING “Financia. [...] With the aim of achieving a 100% traceable and deforestation-free supply chain, the company launched Programa Verde+ -- Marfrig’s plan to make sure that 100% of its production chain is sustainable, traced and deforestation-free -- in July 2020, with the goal of identifying its direct and indirect suppliers. [...] It is important to highlight that Marfrig closed the activities in the state of Pará on March 16, 2020.” Minerva “In light of the information provided by Global Witness and that contained in the MPF report, Minerva Foods can confirm that it has no direct dealings with any of the properties mentioned that overlap with the Apyterewa indigenous Land. [...] (...) The company would like to clarify that a more detailed assessment of the provided indirect sales was not possible due to the lack of specific data related to landowners, such as name and CPF; and for properties, such as name, CAR number, municipality and state.
- Pages
- 4
- Published in
- United Kingdom
Table of Contents
- Global Witness contacted all meatpackers and financial institutions mentioned in this report. Relevant extracts of the responses received are reproduced below. 1
- Read the full investigation. 1
- Barclays 2
- We have not provided any financing to entities in Brazil engaged in these activities since 2021. Our 2
- Forestry and Agricultural Commodities Statement. 2
- BNDES 2
- BNDES informs that BNDESPAR in compliance with laws and regulations that govern its activity acts 2
- However recognising the relevance of the mentioned case and always aiming to promote the best 2
- BTG Pactual 2
- BTG Pactual clarifies that all its transactions undergo a thorough socio-environmental diligence 2
- ESGMS is based on regulatory standards from the Central Bank of Brazil and the Monetary Council as 2
- Responsible Investment Policy the Social Environmental and Climate Responsibilities Policy the 2
- Sustainable Financing Framework and the 20 Sectoral Policies. 2
- ING 2
- Financial institutions exposed to the agricultural sector in Brazil must contribute to the fight against 2
- Marfrig 3
- Marfrig does not purchase under any circumstances cattle from properties located in Indigenous 3
- Lands. The company has complied with its commitments in the State of Pará during its operational 3
- ... 3
- Marfrig already monitors 100 of its direct suppliers. With the aim of achieving a 100 traceable and 3
- 87 traceability of indirect suppliers in the Amazon biome and 73 in the Cerrado biome. 3
- It is important to highlight that Marfrig closed the activities in the state of Pará on March 16 2020. 3
- Minerva 3
- In light of the information provided by Global Witness and that contained in the MPF report Minerva 3
- Foods can confirm that it has no direct dealings with any of the properties mentioned that overlap 3
- The company would like to clarify that a more detailed assessment of the provided indirect sales was 3
- The geospatial monitoring system adopted by Minerva Foods undergoes annual third-party audits 3
- Mizuho 3
- Mizuho is committed to offering and providing financial services in a responsible manner under a risk 3
- Mizuho does not generally comment on past current or potential transactions or relationships. 4
- Rabobank 4
- Because of client confidentiality rules we cannot comment on the existence or absence of a client 4
- Santander 4
- The Banks consistent practice is not to comment on information relating to clients or specific 4
- In addition Santander promotes the protection of the Amazon rainforest and sustainable 4
