BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Campaigns › Banks and Nature ›
Campaign

Banks and meat

By: BankTrack
Contact:

nature@banktrack.org

Young male calves raised for meat. Photo: WikiCommons
By: BankTrack
Contact:

nature@banktrack.org

Why this campaign?

The industrial meat industry has far-reaching nature, climate and human rights impacts as well as concerning links to an increased risk of future pandemics. Since 1970, the Earth has lost half of its wildlife but tripled its livestock population. Intensive meat and dairy production has widespread and known links to deforestation and land degradation across some of the world’s most vulnerable ecosystems. Beef production alone is the top driver of deforestation in the world’s tropical forests and drives conversion of non-forest landscapes such as grasslands and savannahs. On top of this, around 80% of the world’s soybean production is used to feed animals to produce meat and dairy products, with soybean production being the second biggest driver of tropical deforestation. Halting and reversing deforestation in natural ecosystems such as the Amazon is of extreme urgency, but research shows that, as of 2020, some 57 million hectares, which is roughly 10%, of the Brazilian Amazon is now under cattle ranching. Livestock is also the most significant contributor to nitrogen and phosphorus pollution of streams, rivers and coastal waters worldwide.

In addition to its nature impacts, the industrial meat sector’s impact on the climate is staggering. Recent research by the UNEP and the IPCC has shown that, in addition to cutting carbon dioxide emissions, drastically reducing methane emissions is the best way to rapidly avert the climate crisis and limit global warming to 1.5°C. Although methane only stays in the atmosphere for around nine years, it has a warming impact 84 times that of CO2 over a 20-year period and is responsible for almost a quarter of global warming. It also means that cutting methane emissions now can rapidly reduce the rate of warming in the near-term. The livestock sector alone is responsible for 32% of all human caused methane emissions and, if current trends continue, the global meat and dairy industry will account for almost half the world’s 1.5°C emissions budget by 2030. Therefore, an urgent shift to restrict and reverse the growth of industrial livestock is essential to avert the climate crisis.

Furthermore, scientists have warned that intensive livestock farming leads to an increased risk for the development of zoonotic diseases. This is directly caused by the growing demand for affordable meat, which leads to cheaper and less controlled agricultural and farming practices. This results in zoonotic diseases - such as bird flu - that spread more easily under intensive agricultural practices and tightly packed farms. Deforestation and agricultural system change are both considered significant factors in the emergence of zoonotic and vector-borne diseases. In addition, The World Health Organisation has stated that the overuse of antibiotics for livestock is considered one of the biggest current threats to global health, food security, and development.

Finally, the industrial meat industry continues to violate and abuse the rights of Indigenous and local communities, and workers, along the production chain. An investigation by Greenpeace Brazil showed that security forces working for a major soya producer in Brazil harassed, detained, abducted and shot members of the traditional geraizeira communities. Cattle farming is the main driver of illegal land seizures on Reserves and Indigenous Territories in the Brazilian Amazon. Mongabay has documented how violent displacement and killings of indigenous peoples in Nicaragua have been committed in pursuit of grazing cattle on deforested land. Additionally, evidence of worker exploitation including modern slavery and child labour has been found throughout the industry, particularly in Brazilian and Paraguayan bovin stockbreeding, and in meatpacking plants globally. 

Role of banks

According to Portfolio Earth, in 2019, the largest fifty financial institutions in the world provided more than US$ 380 billion of finance to the food sector, including activities related to agriculture, fisheries and aquaculture. This sector was identified as one of the largest drivers of global biodiversity loss and 20% of the finance provided to the sector was associated with direct impacts on biodiversity, particularly in areas including farming. In 2022, the Forests & Finance coalition – of which BankTrack is a part – published an updated analysis of finance provided to the beef sector and found that, since 2016, over US$67 billion has been provided to the Brazilian beef sector. This includes finance to some of the biggest and baddest companies like JBS, Minerva and Marfrig. 

Despite providing large amounts of finance to the industrial meat sector, in particular for beef production, financial institutions’ policies are not robust enough to meet key environmental, social and governance criteria, as found by the Forest & Finance coalition. In its policy analysis of 200 financial institutions, scores awarded for the beef sector were the worst across all the criteria assessed. You can see more details about individual bank policy scores in the Policy Analysis section below.

Read more about the role of banks in curbing the expansion of industrial beef production in our blog: Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

Policy analysis

The Forest & Finance coalition, of which BankTrack is a part, assess the policies of 200 of the largest banks and investors active in six key commodities sectors driving deforestation and land degradation in Southeast Asia, Central and West Africa, and parts of Latin America.

The table  below presents the analysis of commercial and development bank’s policies related to beef.  For a summary of the compiled policy assessments and for the details on the scoring criteria, check the Forests & Finance website here.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
ABN AMRO
2022-08-21
NLD
5.9
Front runner 5.9
0
Netherlands
Profile
Score
Front runner
5.9
20220821
Last update: 2022-08-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on ABN AMRO's profile.

Agricultural Bank of China
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Agricultural Bank of China's profile.

Allianz
2022-09-21
DEU
1.5
Follower 1.5
0
Germany
Score
Follower
1.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Allianz's profile. 

ANZ
2022-10-17
AUS
0
Laggard 0
0
Australia
Profile
Score
Laggard
0
20221017
Last update: 2022-10-17
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on ANZ's profile.

Banco Bradesco
2022-09-21
BRA
1.0
Follower 1.0
0
Brazil
Profile
Score
Follower
1.0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Banco Bradesco's profile.

Banco do Brasil
2022-09-21
BRA
4.4
Front runner 4.4
0
Brazil
Profile
Score
Front runner
4.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Banco do Brasil's profile.

Bank Central Asia
2022-09-21
IDN
0
Laggard 0
0
Indonesia
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Central Asia's profile.

Bank Mandiri
2022-09-21
IDN
0
Laggard 0
0
Indonesia
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Mandiri's profile.

Bank Negara Indonesia
2022-09-21
IDN
0
Laggard 0
0
Indonesia
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Negara Indonesia's profile.

Bank of America
2022-09-21
USA
3.2
Follower 3.2
0
United States
Profile
Score
Follower
3.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of America's profile.

Bank of China
2022-09-21
CHN
0.2
Laggard 0.2
0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of China's profile.

Bank of Communications
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of Communications' profile.

Bank of New York Mellon
2022-09-21
USA
0.7
Laggard 0.7
0
United States
Profile
Score
Laggard
0.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of New York Mellon's profile.

Bank Rakyat Indonesia - BRI
2022-09-21
IDN
1.7
Follower 1.7
0
Indonesia
Profile
Score
Follower
1.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Rakyat Indonesia's profile.

Barclays
2022-09-21
GBR
0.5
Laggard 0.5
0
United Kingdom
Profile
Score
Laggard
0.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Barclays' profile.

BBVA
2022-09-21
ESP
3
Follower 3
0
Spain
Profile
Score
Follower
3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on BBVA's profile.

BNDES
2022-09-21
BRA
5.3
Front runner 5.3
0
Brazil
Profile
Score
Front runner
5.3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on BNDES' profile.

BNP Paribas
2022-09-21
FRA
5.7
Front runner 5.7
0
France
Profile
Score
Front runner
5.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on BNP Paribas' profile.

BPCE Group
2022-09-21
FRA
0.2
Laggard 0.2
0
France
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on BPCE Group's profile.

BTG Pactual
2022-09-21
BRA
1.8
Follower 1.8
0
Brazil
Profile
Score
Follower
1.8
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on BTG Pactual's profile.

Caixa Economica Federal
2022-09-21
BRA
2.5
Follower 2.5
0
Brazil
Profile
Score
Follower
2.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Caixa Economica Federal's profile.

China CITIC Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China CITIC Bank's profile.

China Construction Bank
2022-09-21
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Construction Bank's profile.

China Development Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Development Bank's profile.

China Everbright Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Everbright Bank's profile.

China Merchants Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Merchants Bank's profile.

China Minsheng Bank
2022-09-21
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Minsheng Bank's profile.

CIMB
2022-09-21
MYS
2
Follower 2
0
Malaysia
Profile
Score
Follower
2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on CIMB's profile.

Citi
2022-09-21
USA
4.5
Front runner 4.5
0
United States
Profile
Score
Front runner
4.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Citi's profile.

Commerzbank AG
2022-09-21
DEU
0
Laggard 0
0
Germany
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Commerzbank's profile.

Commonwealth Bank of Australia
2022-09-21
AUS
0
Laggard 0
0
Australia
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Commonwealth Bank of Australia's profile.

Crédit Agricole
2022-09-21
FRA
1.7
Follower 1.7
0
France
Profile
Score
Follower
1.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Crédit Agricole's profile.

Credit Suisse Group
2022-09-21
CHE
4.1
Front runner 4.1
0
Switzerland
Profile
Score
Front runner
4.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Credit Suisse Group's profile.

DBS Bank
2022-09-21
SGP
0.0
Laggard 0.0
0
Singapore
Profile
Score
Laggard
0.0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on DBS Bank's profile.

Deutsche Bank
2022-09-21
DEU
2.4
Follower 2.4
0
Germany
Profile
Score
Follower
2.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Deutsche Bank's profile.

DZ Bank
2022-09-21
DEU
2.4
Follower 2.4
0
Germany
Profile
Score
Follower
2.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on DZ Bank's profile.

E Sun Commercial Bank
2022-09-21
TWN
0
Laggard 0
0
Taiwan, Republic of China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on E.Sun Commercial Bank's profile.

Export Development Canada (EDC)
2022-09-21
CAN
0
Laggard 0
0
Canada
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Export Development Canada's profile.

First Abu Dhabi Bank (FAB)
2022-09-21
ARE
0
Laggard 0
0
United Arab Emirates
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on First Abu Dhabi Bank's profile.

Fubon Financial Holdings
2022-09-21
TWN
0
Laggard 0
0
Taiwan, Republic of China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Fubon Financial Holding's profile.

Goldman Sachs
2022-09-21
USA
1.2
Follower 1.2
0
United States
Profile
Score
Follower
1.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Goldman Sachs' profile.

Hana Financial Group
2022-09-29
KOR
0
Laggard 0
0
South Korea
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Hana Financial Group' profile.

HSBC
2022-09-29
GBR
3.9
Follower 3.9
0
United Kingdom
Profile
Score
Follower
3.9
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on HSBC' profile.

Hua Xia Bank
2022-09-29
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Hua Xia Bank' profile.

ICICI Bank
2022-09-29
IND
0
Laggard 0
0
India
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank' profile.

Industrial and Commercial Bank of China (ICBC)
2022-09-29
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Industrial and Commercial Bank of China (ICBC)' profile.

ING
2022-09-29
NLD
4.7
Front runner 4.7
0
Netherlands
Profile
Score
Front runner
4.7
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on ING' profile.

Itaú-Unibanco
2022-09-29
BRA
2.9
Follower 2.9
0
Brazil
Profile
Score
Follower
2.9
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Itaú-Unibanco' profile.

JPMorgan Chase
2022-09-29
USA
1.7
Follower 1.7
0
United States
Profile
Score
Follower
1.7
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on JPMorgan Chase' profile

Mitsubishi UFJ Financial Group (MUFG)
2022-09-29
JPN
2.7
Follower 2.7
0
Japan
Profile
Score
Follower
2.7
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Mitsubishi UFJ Financial Group (MUFG)' profile

Mizuho
2022-09-29
JPN
4.3
Front runner 4.3
0
Japan
Profile
Score
Front runner
4.3
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Mizuho' profile

Morgan Stanley
2022-09-29
USA
2
Follower 2
0
United States
Profile
Score
Follower
2
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Morgan Stanley' profile

OCBC
2022-09-29
SGP
1.8
Follower 1.8
0
Singapore
Profile
Score
Follower
1.8
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on OCBC' profile

Rabobank
2022-09-29
NLD
7.4
Leader 7.4
0
Netherlands
Profile
Score
Leader
7.4
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Rabobank' profile

RHB Banking Group
2022-09-29
MYS
0.2
Laggard 0.2
0
Malaysia
Profile
Score
Laggard
0.2
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on RHB Banking Group' profile

Royal Bank of Canada (RBC)
2022-09-29
CAN
1.9
Follower 1.9
0
Canada
Profile
Score
Follower
1.9
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Royal Bank of Canada (RBC)' profile

Santander
2022-09-29
ESP
3
Follower 3
0
Spain
Profile
Score
Follower
3
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Santander' profile

Scotiabank
2022-09-29
CAN
0
Laggard 0
0
Canada
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Scotiabank' profile

Shanghai Pudong Development Bank
2022-09-29
CHN
0
Laggard 0
0
China
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Shanghai Pudong Development Bank' profile

Société Générale
2022-09-29
FRA
0
Laggard 0
0
France
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Société Générale' profile

Standard Chartered
2022-09-29
GBR
5.4
Front runner 5.4
0
United Kingdom
Profile
Score
Front runner
5.4
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Standard Chartered' profile

State Bank of India
2022-09-29
IND
0
Laggard 0
0
India
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on State Bank of India' profile

Sumitomo Mitsui Banking Corporation (SMBC)
2022-09-29
JPN
2.9
Follower 2.9
0
Japan
Profile
Score
Follower
2.9
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Sumitomo Mitsui Banking Corporation (SMBC)' profile

Sumitomo Mitsui Trust Holdings
2022-10-18
JPN
0.5
Laggard 0.5
0
Japan
Profile
Score
Laggard
0.5
20221018
Last update: 2022-10-18
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Sumitomo Mitsui Trust Holdings​'s profile.

Taishin International Bank
2022-10-18
TWN
0
Laggard 0
0
Taiwan, Republic of China
Profile
Score
Laggard
0
20221018
Last update: 2022-10-18
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Taishin International Bank' profile

Toronto-Dominion Bank (TD Bank)
2022-09-29
CAN
0.3
Laggard 0.3
0
Canada
Profile
Score
Laggard
0.3
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on TD' profile

UBS
2022-09-29
CHE
6.4
Front runner 6.4
0
Switzerland
Profile
Score
Front runner
6.4
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on UBS' profile

United Overseas Bank
2022-09-29
SGP
0
Laggard 0
0
Singapore
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on United Overseas Bank' profile

Westpac
2022-09-29
AUS
0
Laggard 0
0
Australia
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Westpac' profile

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points

Dodgy Deals
All
Projects
Companies

JBS

Brazil
Company
Active
Industrial Livestock Production | ...

JBS

Brazil | company

BrasilAgro

Brazil
Company
On record
Industrial Livestock Production | ...

BrasilAgro

Brazil | company | on record

Marfrig

Brazil
Company
On record
Industrial Livestock Production | ...

Marfrig

Brazil | company | on record

Minerva Foods

Brazil
Company
On record
Industrial Livestock Production | ...

Minerva Foods

Brazil | company | on record

Tyson Foods

United States
Company
On record
Industrial Livestock Production

Tyson Foods

United States | company | on record
Resources
Documents
Links
2024-05-29 00:00:00

Who Bought Apyterewa’s Illegal Cattle?

How cattle raised illegally in an Indigenous Territory in the Brazilian Amazon were laundered into the supply chains of JBS and Frigol
NGO document
2024-05-29 00:00:00 | Environmental Investigation Agency
2024-05-23 00:00:00

Blocking a better world altogether

Rabobank’s bogus policy about animal welfare and sustainable agriculture
Partner publication
2024-05-23 00:00:00 | World Animal Protection
2024-04-09 00:00:00

Feeding inequality

The hidden costs of Brazil's meat industry monopoly
Other document
2024-04-09 00:00:00 | Raisa Pina, Tiny Beam Fund
2024-03-18 00:00:00

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback
2024-03-21 00:00:00

How the Netherlands finances agrilobby in Brazil

A case study for the Fair Bank Guide Netherlands
Partner publication
2024-03-21 00:00:00 | Fair Bank Guide Netherlands
2023-11-30 00:00:00

Bankrolling the butchers

The role of UK banks in financing industrial meat and dairy corporations
Partner publication
2023-11-30 00:00:00 | Feedback
2023-06-21 00:00:00

Climate Misalignment: How Development Bank Investments in Industrial Livestock Are at Odds With Their Paris Agreement Commitments

Partner publication
2023-06-21 00:00:00 | Friends of the Earth
2017-08-03 00:00:00

Mystery Meat II

the industry behind the quiet destruction of the American heartland
Partner publication
2017-08-03 00:00:00 | Mighty Earth
2020-07-08 00:00:00

Butchering the planet

The big-name financiers bankrolling livestock corporations and climate change
Partner publication
2020-07-08 00:00:00 | Feedback Global
2023-05-03 00:00:00

A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations

BankTrack publication
2023-05-03 00:00:00 | BankTrack, Feedback Global & Mighty Earth
2023-01-31 00:00:00

Briefing: Rabobank's financial services to the global meat and dairy companies fueling climate change

NGO document
2023-01-31 00:00:00 | Feedback EU
2023-01-31 00:00:00

Letter from Feedback EU, Feedback Global, BankTrack & World Animal Protection to Rabobank on industrial livestock

Correspondence
2023-01-31 00:00:00 | Feedback EU, Feedback Global, BankTrack & World Animal Protection
2023-01-17 00:00:00

Hot Money: 40 financial institutions are funding a climate-changing agri-methane footprint

NGO document
2023-01-17 00:00:00 | Planet Tracker & Changing Markets
2019-09-23 00:00:00

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness
2021-11-02 00:00:00

Open letter of concerns on the issuance of USD 1 billion in Sustainability-Linked Bond (SLB) by JBS

NGO document
2021-11-02 00:00:00 | BankTrack, Forests & Finance, Greenpeace
2021-06-21 00:00:00

Tackling Climate Change through Livestock

A global assessment of emissions and mitigation opportunities
Other document
2021-06-21 00:00:00 | FAO
2021-05-25 00:00:00

How JBS is still slaughtering the Amazon

NGO document
2021-05-25 00:00:00 | Greenpeace
2021-04-29 00:00:00

Lavagem de gado dentro de terra indígena no Mato Grosso foi parar na JBS

Documentos obtidos pela Pública indicam como um pecuarista com larga ficha de crimes ambientais na Amazônia enviou gado ilegal à maior produtora de carne bovina do mundo
NGO document
2021-04-29 00:00:00 | A publica
2021-04-28 00:00:00

Driving deforestation

The European automotive industry’s contribution to deforestation in Brazil
NGO document
2021-04-28 00:00:00 | Aidenvironment and Rainforest Foundation Norway
2020-12-02 00:00:00

Beef, banks and the Brazilian Amazon

How Brazilian beef companies and their international financiers greenwash their links to Amazon deforestation
NGO document
2020-12-02 00:00:00 | Global Witness
2021-04-15 00:00:00

Making Mincemeat of the Pantanal

NGO document
2021-04-15 00:00:00 | Greenpeace
2021-03-19 00:00:00

Countdown to Extinction

What will it take to get companies to act?
NGO document
2021-03-19 00:00:00 | Greenpeace
2021-03-05 00:00:00

Big meat. Big bucks. Bigger harm.

Animal welfare and European financial links with deforestation in the Amazon and Cerrado
NGO document
2021-03-05 00:00:00 | World Animal Protection and Profundo
2021-02-25 00:00:00

Monitor - Steak in the supermarket, forest on the ground

NGO document
2021-02-25 00:00:00 | Reporter Brasil
2021-01-26 00:00:00

Time for change: Delivering deforestation-free supply chains

NGO document
2021-01-26 00:00:00 | Global Canopy
2020-12-21 00:00:00

Domestic Banks Finance 74% of Brazilian Beef & Soy

NGO document
2020-12-21 00:00:00 | Chain Reaction Research
2020-12-18 00:00:00

JBS, Marfrig, and Minerva: Material Financial Risk from Deforestation in Beef Supply Chains

NGO document
2020-12-18 00:00:00 | Chain Reaction Research
2020-12-18 00:00:00

The Ultimate Mystery Meat - Exposing the Secrets Behind Burger King and Global Meat Production

NGO document
2020-12-18 00:00:00 | Mighty Earth
2020-12-18 00:00:00

Rapid Response - Soy & Cattle Report

NGO document
2020-12-18 00:00:00 | Mighty Earth
2020-12-17 00:00:00

Measuring the impact of the EU-Mercosur Trade deal on land use, forests, and the people who depend on them

NGO document
2020-12-17 00:00:00 | Imazon and Fern
2020-11-27 00:00:00

Slaughtering the Amazon

NGO document
2020-11-27 00:00:00 | Greenpeace
2020-11-27 00:00:00

Complicity in Destruction III

NGO document
2020-11-27 00:00:00 | Amazon Watch
2019-04-25 00:00:00

Complicity in destruction II

NGO document
2019-04-25 00:00:00 | Amazon Watch

Big Livestock’s Big Greenwash & Emissions Calculator

By Feedback, DeSmog, IATP and Feedback EU

News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

JBS inches closer to US listing as state shareholder abstains from key vote

2025-03-18 | Sao Paulo | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Cheap US Beef at Risk as Trump Seeks to Deport Haitian Workers

2025-03-04 | Colorado, USA | Bloomberg via Yahoo Finance
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace challenges JBS’ New York Stock Exchange listing and Netherlands move over links to corruption, deforestation and emissions

2025-02-12 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

‘Climate Risk is Financial Risk’: Banks Financing Big Meat & Dairy Face Billions in Losses

2025-02-10 | Green Queen
BankTrack news BankTrack blog Partner news Partner blog

Court Dismisses Suit Against Meatpacker JBS Over Climate Impact

2025-01-16 | Bloomberg Law
BankTrack news BankTrack blog Partner news Partner blog

Exclusive-Brazilian meatpacker JBS says net-zero emissions pledge was 'never a promise'

2025-01-15 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

US Labor Department enters deal with JBS to assist those affected by child labor

2025-01-13 | Washington | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Call for outgoing SEC chair to junk JBS IPO

2024-12-20 | Mighty Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meat giant, JBS, guts human rights commitments and sidesteps climate scrutiny in bid for NYSE listing

Thirty eight investors and NGOs urge shareholders to suspend investment in JBS as SEC application delays continue
2024-10-02 | New York | Global Witness, Mighty Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays earned $1.7 billion from company tied to Indigenous land invasion

Financial powerhouses including Barclays, Vanguard and BlackRock made millions from financing Brazilian meatpacker JBS
2024-09-26 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

The New Merchants of Doubt: How big meat and dairy avoid climate action

New report by Changing Markets reveals how Big Meat & Dairy use lobbying, greenwashing, & misinformation tactics, to block meaningful emissions regulations.
2024-07-18 | Changing Markets
Blog
BankTrack news BankTrack blog Partner news Partner blog

WEBINAR: Why financing industrial livestock is bad for banks and the planet?

Join the webinar on June 27th!
2024-06-24 | BankTrack, Feedback Global, Friends of the Earth, Profundo
BankTrack news BankTrack blog Partner news Partner blog

Breaking: We’re asking the SEC to investigate world's largest meat company's animal welfare promises

2024-06-17 | Humane World for Animals
BankTrack news BankTrack blog Partner news Partner blog

Land grabbing case in Brazil links meatpackers to corruption and money launder

Investigations point to the involvement of invaders and deforestators expelled from the Guajará Mirim State Park with a gang accused of crimes against the country's financial order. Several of them supplied cattle to JBS, Marfrig and Frigon
2024-05-23 | Rondônia, Brazil | Reporter Brasil
Blog
BankTrack news BankTrack blog Partner news Partner blog

Research: Rabobank invests billions in chickens and deforestation

Rabobank uses billions of euros to finance companies that cause massive animal suffering and deforestation – against its own sustainability policy. 
2024-05-23 | World Animal Protection
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
BankTrack news BankTrack blog Partner news Partner blog

New York is suing the world’s biggest meat company. It might be a tipping point for greenwashing

2024-04-05 | New York | Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

How Dutch banks finance agrilobby in Brazil

The new report exposes the links between Dutch financial institutions and agribusiness lobby
2024-03-21 | Amsterdam | Eerlijke Bankwijzer, Fair Bank Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks providing billions in financing to big livestock corporations responsible for higher greenhouse gas emissions than UK and Ireland

2023-12-01 | Feedback
Blog
BankTrack news BankTrack blog Partner news Partner blog

Risks ahead of meatpacker JBS’ NYSE listing: “Wall Street: Steer clear of JBS”

Citigroup, Bank of America, BlackRock, Vanguard and more are enabling JBS’s environmental destruction & human rights abuses
2023-09-22 | New York | Friends of the Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rabobank’s financing of deforestation in Brazil

2023-07-05 | Greenpeace Netherlands, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Challenging banks on their Dodgy Deals this AGM season

Our AGM wrap up blog
2023-06-27 | Natasha Ion – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Multilateral banks’ investments in industrial livestock undermine their Paris climate commitments

2023-06-21 | Climate Home News
BankTrack news BankTrack blog Partner news Partner blog

JBS pulls 'aspirational' net zero claims as confusion about environmental claims mount

2023-06-21 | FoodNavigator USA
BankTrack news BankTrack blog Partner news Partner blog

More than 800m Amazon trees felled in six years to meet beef demand

2023-06-02 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Grain trader Cargill faces legal challenge in US over Brazilian soya supply chain

2023-05-04 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays revealed to be biggest financier of discredited meat giant JBS yet new forest policy will not stop the finance flowing

2023-05-03 | BankTrack, Feedback Global, Mighty Earth
BankTrack news BankTrack blog Partner news Partner blog

Barclays toughens deforestation rules for beef sector clients

BankTrack mentioned
2023-05-03 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Cash, Cattle and the Gran Chaco: How financiers turned a blind eye to Paraguay’s deforestation crisis

2023-04-17 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

The human and environmental cost of Europe financing industrial animal farming

2023-04-12 | Friends of the Earth Europe, Justice is Everybody's Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

On International Forests Day, new briefing paper urges banks and financiers to exclude harmful financing that negatively impacts primary and vulnerable secondary forests

2023-03-21 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global Witness calls on financiers to stop bankrolling rainforest beef, after official audit reflects findings about JBS

2023-03-14 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs file second complaint against BNP Paribas

Following a lawsuit for providing financial services to fossil fuel producers, BNP Paribas is targeted by a new complaint for its role in fueling deforestation, forced labor, and Indigenous rights violations in Brazil
2023-02-27 | Paris | Comissão Pastoral da Terra, Notre Affaire à Tous
BankTrack news BankTrack blog Partner news Partner blog

This Dutch Bank Is Financing the Meat Industry’s Biggest Emitters

BankTrack mentioned
2023-02-06 | Sentient Media
BankTrack news BankTrack blog Partner news Partner blog

Milieugroepen roepen Rabobank op te stoppen met financieren vleesindustrie

BankTrack mentioned
2023-01-31 | Netherlands | Financieel Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rabobank called on to stop billions of dollars in finance to polluting industrial meat and dairy companies

2023-01-31 | BankTrack, Feedback, Feedback Global, World Animal Protection
BankTrack news BankTrack blog Partner news Partner blog

Mighty Earth files complaint with US Securities and Exchange Commission against JBS ‘green bonds’

2023-01-18 | Mighty Earth
BankTrack news BankTrack blog Partner news Partner blog

Brazilian meat giant under fire for allegedly misleading investors

2023-01-18 | The Washington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
BankTrack news BankTrack blog Partner news Partner blog

Brazil audit finds 17% of cattle bought by JBS came from 'irregular' ranches

2022-12-15 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of Montreal's links to massive, illegal Amazon deforestation condemned by Indigenous leaders during biodiversity summit

2022-12-08 | Montreal, Canada | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

JBS, Marfrig, and Minerva unlikely compliant with upcoming EU deforestation law

2022-11-30 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

Time for Barclays to move Beyond Burning

How Barclays finances the burning of fossil fuels, biomass and nature
2022-11-14 | Natasha Ion – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

New policy analysis shows that banks do not have robust policies in place for the beef sector and are failing to include methane reduction or halting deforestation in climate solutions
2022-10-19 | Hannah Greep – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Chicken in British supermarkets ‘linked to deforested Amazon’

Investigation found that JBS poultry were fed on soya beans and corn from deforested areas
2022-10-06 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

JBS and environmentalists at odds over Italy-sized emissions claims

2022-08-25 | The Grocer
BankTrack news BankTrack blog Partner news Partner blog

Analysis: Do the meat industry’s promises on deforestation add up?

The world’s biggest meat suppliers, JBS, Marfrig and Minerva have committed to cleaning up their supply chains by 2030. But a guest analysis from Repórter Brasil shows a lack of transparency and systems that are vulnerable to fraud.
2022-07-04 | Unearthed
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and financiers back beef giant JBS to the tune of almost $1bn despite links to widespread deforestation, land grabbing and slave labour in the Amazon

2022-06-23 | Brazil | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Consumers Tell Tyson Foods to Keep Its Sustainability Promise

2022-05-19 | The Union of Concerned Scientists
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays is big on beef and burning

At Barclays AGM campaigners will be calling on the bank to stop financing big meat and burning fossil fuels and forests for energy
2022-05-04 | Hannah Greep – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banco Santander takes a step on big oil, but what about big meat?

2022-05-02 | Nijmegen, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investors and supermarkets urged to drop JBS after shock rise in its climate emissions

2022-04-21 | DeSmog, Feedback Global, Institute for Agriculture and Trade Policy (IATP), Mighty Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

IDB Invest drops controversial loan to Brazilian beef giant Marfrig Global Foods

IDB Invest, the private arm of the Inter-American Development Bank (IDB) Group, is no longer considering a $43 million loan package for Marfrig Global Foods’ Brazilian beef operations
2022-02-23 | Washington | Bank Information Centre, Feedback Global, Friends of the Earth US, Global Forest Coalition, Instituto Maira, International Accountability Project, Sinergia Animal, World Animal Protection
BankTrack news BankTrack blog Partner news Partner blog

How Big Beef is fueling the Amazon's destruction

The world's biggest beef producer says it has no tolerance for rainforest deforestation. Bloomberg's analysis shows that's not true - and Brazilian law isn't helping
2022-01-20 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

Company's USD 1 billion “sustainability-linked bond” will allow expansion of Amazon deforestation and massive greenhouse gas emissions, say campaigners
2021-11-03 | BankTrack, Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

To fight the climate crisis, banks must stop financing factory farming

2021-10-19 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

As blazes on embargoed Amazon land surge, links to meat industry emerge

2021-08-02 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Brazilian meat company JBS issues "sustainability-linked" bonds: Forests & Finance coalition responds

2021-06-25 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Less Rainfall Caused by Amazon Deforestation Could Lead to Almost $200B in Losses for Beef and Soy Sectors

2021-06-10 | Chain Reaction Research
BankTrack news BankTrack blog Partner news Partner blog

Tyson Foods sets net-zero emissions goal, but falls short on farming project

2021-06-09 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Safeguard biodiversity - finance less meat and more plants.

On International Biodiversity Day, Fair Finance Netherlands is calling for Dutch banks to safeguard environmental biodiversity by supporting the transition from predominantly meat based to plant-based diets instead.
2021-05-27 | Fair Finance International
BankTrack news BankTrack blog Partner news Partner blog

Stock indices let Brazil meatpackers shed ties to deforestation, draw investors

2021-04-22 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Brazil's JBS to buy plant-based meat company vivera for 341 mln euros - filing

2021-04-20 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040

2021-03-25 | JBS
BankTrack news BankTrack blog Partner news Partner blog

Tyson Foods shareholders reject call for human rights report; advocates say they're gaining momentum

2021-02-23 | Des Moines
Blog
BankTrack news BankTrack blog Partner news Partner blog

Beefing up risk: the exposure of JBS’ financiers to financial, regulatory and reputational risks

2021-02-11 | Marília Monteiro - BankTrack, Merel van der Mark - Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Big Meat: facing up to the demands for sustainability

2021-01-29 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Tyson Foods Fires 7 Plant Managers Over Betting Ring On Workers Getting COVID-19

2020-12-16 | Npr
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major global banks complicit in widespread destruction of the Amazon rainforest linked to Brazilian beef companies, and international audits flawed

2020-12-03 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

How Morgan Stanley is linked to deforestation in the Amazon

2020-11-27 | Mongabay and Reporter Brasil
BankTrack news BankTrack blog Partner news Partner blog

Brazilian and international banks financing global deforestation: Reports

2020-11-27 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Revealed: UK banks and investors' $2bn backing of meat firms linked to Amazon deforestation

2020-11-27 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

COVID-19 Lawsuit: Tyson managers bet money on how many workers would contract COVID-19

2020-11-18 | Iowa Capital Dispatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Butchering the Planet: the big-name financiers bankrolling livestock corporations and climate change

New Feedback's report draws attention to the environmental impacts of the livestock industry
2020-07-13 | Feedback Global
BankTrack news BankTrack blog Partner news Partner blog

As coronavirus ravaged meatpackers, minorities bore the brunt. Now worker groups say Tyson and JBS violated the Civil Rights Act

People of color make up 87 percent of meat-processing plant covid-19 cases. Worker groups allege that is a sign of discrimination.
2020-07-13 | The Washington Post
BankTrack news BankTrack blog Partner news Partner blog

Emails Reveal Chaos as Meatpacking Companies Fought Health Agencies Over COVID-19 Outbreaks in Their Plants

Thousands of pages of documents obtained by ProPublica show how quickly public health agencies were overwhelmed by meatpacking cases. One CEO described social distancing as “a nicety that makes sense only for people with laptops
2020-06-12 | ProPublica
BankTrack news BankTrack blog Partner news Partner blog

Alabama sues Tyson Farms over 2019 wastewater spill, resulting fish kill

2020-04-30 | Al.com
BankTrack news BankTrack blog Partner news Partner blog

COVID-19 Cases Now Tied To Meat Plants In Rural Texas Counties Wracked With Coronavirus

2020-04-21 | Texas Observer
BankTrack news BankTrack blog Partner news Partner blog

As coronavirus spikes in Black Hawk County, local officials blast Tyson Foods for not closing its Waterloo plant

2020-04-17 | Des Moines Register
BankTrack news BankTrack blog Partner news Partner blog

Coca-Cola, Pepsi highlight the 20 corporations producing the most ocean pollution

2019-06-17 | Usa Today
BankTrack news BankTrack blog Partner news Partner blog

NOAA forecasts very large ‘dead zone’ for Gulf of Mexico

High spring rainfall and river discharge into Gulf are major contributors to size
2019-06-12 | National Oceanic and Atmospheric Administration
BankTrack news BankTrack blog Partner news Partner blog

Meat Company Pollution to Blame for New, Near-Record “Dead Zone” Forecast

2019-06-10 | Mighty Earth
BankTrack news BankTrack blog Partner news Partner blog

In East Texas, Chicken Plants Are Polluting Rivers And Lakes With Oxygen-sucking Contaminants

2018-10-24 | Texas Observer
BankTrack news BankTrack blog Partner news Partner blog

Emissions impossible

2018-07-18 | Institute for Agriculture & Trade Policy
BankTrack news BankTrack blog Partner news Partner blog

Tyson asked to require corn, soybean growers to provide 'pollution-free feed'

2017-08-01 | The Des Moines Register
BankTrack news BankTrack blog Partner news Partner blog

Report: Tyson #1 water polluter among agribusinesses

2016-06-30 | Environment America
BankTrack news BankTrack blog Partner news Partner blog

Oxfam report: Tyson poultry workers forced to wear diapers

2016-05-16 | United Press International
BankTrack news BankTrack blog Partner news Partner blog

Jury Clears Tyson Foods in Use of Illegal Immigrants

2003-03-27 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Tyson, six former managers plead innocent in immigrant smuggling case

2002-01-25 | The Gasden Times
BankTrack news BankTrack blog Partner news Partner blog

Tyson Foods charged with smuggling illegal workers

2001-12-19 | The Business Journals
Banks

Banco Santander

Spain
Active

Rabobank

Netherlands
Active
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted