The human and environmental cost of Europe financing industrial animal farming
This piece of research shows how some of Europe’s biggest financiers are channelling huge amounts of money into European industrial food and feed industries with harmful impacts on human rights, the environment and climate.
European banks are heavily investing in some of Europe’s largest meat, dairy, and feed companies, whose global value chains are linked to deforestation, sky-high greenhouse gas (GHG) emissions, abuse of workers’ rights and other harmful business practices.
Through facts and figures, the research uncovers the bleak reality and false promises behind the green façade of the financial sector yet again – and the pervasiveness of this problem across their portfolios. Despite claims to protect forests and the climate, big banks are still fuelling climate breakdown and toxic industries that violate human rights. This research underlines the dire need to hold companies and financial institutions legally accountable for their climate impacts and other abuses in their own operations and in their global value chains.
This factsheet is produced with research by Profundo and edited by Friends of the Earth Europe as part of the Justice is Everybody’s Business campaign.
The full briefing can be downloaded here.
Reposted from the original press release on the Friends of the Earth Europe website here.