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Supporting the EU deforestation regulation’s benchmarking system
Trase and Proforest have published recommendations for establishing a fair and effective risk benchmarking to underpin the EU deforestation regulation.
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Paraguay beefExports and deforestation
Last updated 23 Nov 2022
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New guidance helps financial institutions grapple with deforestation due diligence
New guidance on deforestation due diligence by Global Canopy, Neural Alpha and SEI helps banks and investors identify, prevent and mitigate the risks of deforestation, conversion and associated human rights abuse in financial portfolios.
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New data on the deforestation risks associated with the beef and soy sector in Paraguay could help inform due diligence and engagement activities by banks and investors.
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Traders, food manufacturers, retailers and governments must take action to reduce the deforestation risks associated with indirect – and often unknown – sources of commodities, according to new research.
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World leaders attending the UN climate talks in Glasgow must commit to stopping commodity-driven deforestation if they are to prevent climate catastrophe.
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None of Paraguay’s beef exports in 2019 were covered by a zero-deforestation commitment, despite high deforestation risk in the Dry Chaco.
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As shown on the BBC’s Extinction: The Facts, Trase is enabling targeted action that is making a real difference. Greater regulatory pressure and private sector leadership is now needed.
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Paraguay’s Chaco region has one of the highest rates of deforestation in the world. Trase’s research into the soy and beef supply chain is helping to bring much-needed transparency.
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Minerva dominates market share and deforestation risks
Following Minerva’s acquisition of its competitor JBS’s Paraguayan subsidiary in 2017, the Brazilian food group went from a 19% share of Paraguayan beef exports in 2016 to a 41% share in 2018.
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Labour rights and Paraguayan beef exports
In addition to concerns about deforestation, the cattle industry in the Chaco region of Paraguay has been linked to reports, including by the UN Human Rights Council, of slave labour, child labour and encroachment into indigenous land.
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Supporting the EU deforestation regulation’s benchmarking system
Trase and Proforest have published recommendations for establishing a fair and effective risk benchmarking to underpin the EU deforestation regulation.
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New guidance helps financial institutions grapple with deforestation due diligence
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The challenges of investor engagement in Paraguay
New data on the deforestation risks associated with the beef and soy sector in Paraguay could help inform due diligence and engagement activities by banks and investors.
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