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  • Sectors & commodity chains (1074)
    • Agriculture (301)
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Projects

To illustrate our broad expertise, covering many different economic sectors, commodities, sustainability themes and countries, this page gives an overview of the different projects executed by Profundo over the years. In the menu, you can filter the projects by thematic area. Each project is described briefly and where available the project portfolio - such as reports, brochures or presentations - is provided. Attention is also given to the exposure generated by the project in the media, in politics and elsewhere.

 

We analyse the financial parameters of companies and assess how companies and their financiers could be affected in different scenarios by Environmental, Social and Governance (ESG) risks related to deforestation, climate change emissions, human rights abuses, resource depletion, health impacts and other sustainability issues.
We analyse the various human rights and other sustainability risks in international commodity supply chains and identify what different stakeholders can do to foster sustainable development of value chains in agriculture, forestry, livestock, energy, fisheries and mineral sectors.
We analyse how companies are financed by banks, shareholders and others financiers, to assess what financiers could do to foster sustainable corporate practices. Also, we dig into ownership structures and the schemes companies have set up to minimise tax payments.
We assess and benchmark responsible investment and credit policies of banks and investors and we advise on how policies can be improved and implemented through screening, voting, engagement and exclusion strategies.

July 2020

July 1, 2020
Spot Market Purchases Allow Deforestation-Linked Palm Oil to Enter NDPE Supply Chains
The palm oil industry has seen considerable transformation in the last few years, as suppliers that are not compliant with NDPE policies have been increasingly excluded from supply chains. However, these gains are undermined when the same suppliers enter supply chains via spot purchases. Yet, little is known about the spot market. This paper seeks to provide information on the market, how it operates, and highlight the risk it presents to NDPE compliance efforts.

June 2020

June 24, 2020
Value Chain Analysis of Macadamia Nuts in Kenya
For the Netherlands' Centre for the Promotion of Imports from developing countries (CBI), Profundo has carried out an analysis of the Kenyan macadamia nut value chain. Macadamia farming offers an important source of income for producers worldwide and especially for smallholder farmers in Kenya. The research identifies key obstacles and opportunities in the macadamia value chain.
June 10, 2020
Financing of Nornickel by German banks
Profundo has provided data on the financing of Nornickel, the company involved in the recent fuel spill in the Russian Arctic. The research reveals that two major German banks, Commerzbank and Deutscher Bank, have provided financing to the company.
June 17, 2020
Investments in Nornickel by ABP and ING
Profundo has provided data on investments in Nornickel, the company involved in the recent fuel spill in the Russian Arctic.The study shows that ABP and ING have invested approximately a billion euros in the company.
June 16, 2020
Claims of pension providers on their contribution to the SDGs
In this scoping study, Profundo has researched 28 pension providers from Germany, the Netherlands, Norway and Sweden on their claims about their contribution to the UN Sustainable Development Goals (SDGs). The research has resulted in an inventory of all publicly available claims by the pension providers relating to the SDGs, as well as the instruments used, such as ESG-integration, active ownership (engagement and voting) or impact investing.
June 5, 2020
Applying the Fair Finance Guide Methodology to DFIs
Using the methodology of the Fair Finance Guide International, Profundo has assessed the lending and investment policies of six Development Finance Institutions (DFIs) on nine sustainability topics (climate change, gender equality, health, human rights, nature, Financial sector, power generation, transparency and accountability). This is the first time that the Fair Finance Guide Methodology is applied to DFIs. The study covers the African Development Bank, the Development Bank of Southern Africa, the European Investment Bank, the Dutch Development Bank (FMO), the Industrial Development Corporation and the New Development Bank (BRICS development bank).

May 2020

May 14, 2020
Fair Pension Guide Netherlands - First update
Profundo has assessed the investment policies of the ten largest pension funds in the Netherlands for the Fair Pension Guide (formerly known as the Fair Pension Label). This is the first update of the policy research since the baseline measurement in March 2019.
May 12, 2020
Deforestation for Agricultural Commodities a Driver of Fires in Brazil, Indonesia in 2019
Widespread fires in Brazilian tropical forests were at the center of media attention in 2019. NGOs, politicians and celebrities called for action to stop deforestation for soy and livestock, the main cause of the fires. Indonesia also endured extensive blazes in 2019, often linked to deforestation for palm oil. Forests in Brazil and Indonesia capture carbon, retaining vast amounts of carbon dioxide and regulating global temperatures. Fires release that stored CO2 back to the atmosphere, contributing to further climate change. This report describes the main drivers of the fires in Brazil and Indonesia, the actors involved, the political context, and the risks for investors.
May 13, 2020
La Place Financière de Paris au Fond du Puits
Profundo has provided data on financing provided by French financial institutions to oil and gas projects in North America. The research shows that Société Générale, Crédit Agricole, BNP Paribas and Banque Populaire Caisse d’Epargne (BPCE) have granted 22 billion euros in financing to North American shale oil and gas projects since the adoption of the Paris Agreement.
May 7, 2020
Labour Compliance in the Cement Sector in the Middle East and North Africa
This field research was carried out in the context of the BWIs campaign on labour rights in the construction sector in the Middle East and North Africa (MENA) region. The report lays out the results of a field visit to three plants of the LafargeHolcim Group in Jordan, and assesses their compliance with key labour standards.

April 2020

April 28, 2020
NDPE Policies Cover 83% of Palm Oil Refineries; Implementation at 72%
Palm oil refiners are a strategic bottleneck in the global supply chain. Since 2014, the largest refiners have adopted No Deforestation, No Peat, No Exploitation (NDPE) policies, the strongest private instrument to cut the direct link between deforestation and palm oil. Refiners commit to NDPE policies that cover their plantations and the plantations of their third-party suppliers. This market mechanism functions best when the entire industry follows commitments. However, non-cooperating refiners continue to leak unsustainable palm oil into the market.
April 22, 2020
Impact of corona crisis and oil price war on ABP and PFZW equity portfolios
Profundo has carried out a simulation of the impact of the corona crisis and the oil price war on the value of the equity portfolios of ABP and PFZW, two of the largest Dutch pension funds. The simulation shows that the 'fossil investments' of the pension funds have lost much more value as a result of the crisis than the non-fossil investments.
April 27, 2020
Finanza Fossile
The report "Fossil Finance" shows in detail the role of the largest Italian banks, insurance companies and investment funds in aggravating climate change.

March 2020

March 23, 2020
In the Red 2020
Profundo has contributed to an evaluation of the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.
March 18, 2020
Banking on Climate Change
The latest version of the most comprehensive report on global banks' fossil fuel financing, Banking on Climate Change 2020, reveals that 35 global banks have not only been sustaining but expanding the fossil fuel sector with more than $2.7 trillion in the four years since the Paris Climate Agreement. The report finds that financial support for the fossil fuel industry has increased every year since the Paris Agreement was adopted in December 2015.

Report: Rainforest Action Network and BankTrack: Banking on Climate Change 2019 (pdf)

Report: Rainforest Action Network and BankTrack: Banking on Climate Change 2020 (pdf)

BankTrack and RAN: Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

BankTrack: Activists target Barclays branch in Hove

BankTrack: As the world goes on Climate Strike, private sector banks are urged to end fossil fuel financing

Banktrack: Campaigners urge Santander to set ambitious timetable for fossil fuel exit ahead of AGM

BankTrack: Crédit Agricole gets real on coal, but oil & gas restrictions must follow, says BankTrack

Banktrack: New report: Funding Climate Chaos

BankTrack: Report finds global banks poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year

Bloomberg: Here's Who's Backing Coal as Some of the World's Biggest Banks Get Out

Clean Technica: Banks Funneled $1.9 Trillion Into Fossil Fuels Since Paris Agreement

Digital Journal: Funding fossil fuels is 'cash cow' for Canada's major banks

El Périodoco de la Energia: Santander y BBVA, entre los 33 bancos ‘más sucios’ del mundo: suman más de 27.000 millones de inversión en compañías de combustibles fósiles desde 2016

Euromoney: Sustainable finance’s biggest problems, by the people who know best

Fast Company: Banks pumped $1.9 trillion into fossil fuels since the Paris climate deal

Financial Times: Banks must cut the flow of funding for fossil fuels

Financial Times: Barclays targets net zero carbon emissions by 2050

Financial Times: The week in energy: The Exxon Valdez spill 30 years on

Finews: Climate Change: Greenpeace Targets UBS and Credit Suisse

Global Capital: Green drive dwarfed by lenders $1.9tr fossil fuel financing

Global Capital: Green drive dwarfed by lenders $1.9tr fossil fuel financing

Green Tech Media: Report: Banks Have Invested $1.9 Trillion in Fossil Fuels Since 2015

High Country News: Can the tools of capitalism curb climate change?

Novethic: [Infographie] Depuis La Cop21, Les Grandes Banques Françaises Ont Encore Investi 124 Milliards D’euros Dans Les Énergies Fossiles

OECD: Tracking finance flows towards assessing their consistency with climate objectives

Responsible Investor: BankTrack | Banking on Climate Change

Reuters: Standard Chartered exits three Southeast Asia coal plants worth estimated $7 billion

S&P Global: Banks' fossil fuel funding rises, environmental groups warn

Sierra: Is Your Bank Financing Climate Catastrophe?

Swiss Info: Banks accused of massive fossil fuel investments

Taz: Olaf Scholz, helfen Sie der Arktis

The Edge Markets: MUFG puts oil sands, Arctic drilling on 'restricted transactions' list

The Energy Mix: ‘Alarming’ Report Shows $1.9 Trillion In New Fossil Investment Since Paris Accord

The Guardian: 'Coal is on the way out': study finds fossil fuel now pricier than solar or wind

The Guardian: Study: global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels

The Guardian: UK environmentalists target Barclays in fossil fuels campaign

The Guardian: UK environmentalists target Barclays in fossil fuels campaign

The Hill: Four US banks are the world's largest fossil fuel financers: analysis

The Washington Post: Goldman Sachs will rule out financing for Arctic drilling. Will other US banks follow?

The Young Turks: Does The Green New Deal Go Far Enough?

Think Progress: The stunning hypocrisy of JP Morgan and CEO Jamie Dimon on climate change

Time: Putting Pressure on the Finance World Could Be One of the Most Effective Ways to Fight Climate Change.

US News: Global Banks Have Reversed Course on Climate Change Since Paris

US Senate: Speach by Senator Whitehouse on the financing of fossil fuels by the largest US banks

World Resources Institute: GREEN TARGETS: A Tool To Compare Private Sector Banks’ Sustainable Finance Commitments

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