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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.

April 2024

April 4, 2024
US Banks and Industrial Livestock Financing
A new study conducted by Profundo and Friends of the Earth examines U.S. banks’ financing of meat, dairy, and feed corporations and the sizable climate impact of that financing. Bank of America, Citigroup, and JPMorgan Chase (the “Big Three”) are responsible for more than half of the $134 billion in loans and underwriting examined in the report. According to the findings of the report, taking action to reduce financed and facilitated emissions from corporations involved in meat, dairy, and/or feed production could be one of the most effective measures major U.S. banks could take to make progress toward their climate commitments.

Report: Bull in the Climate Shop

Report: Summary Bull in the Climate Shop

Banking Exchange: Banks Compromise NetZero Goals with Livestock Financing

Capital & Main: Report: Banks Should Set Stricter Climate Goals for Agriculture Clients

Counter Punch: Big Banks Break Their Climate Pledges by Promoting Big Meat

E&E News: Report knocks US banks over climate impacts of loans

EcoWatch: Report: U.S. Banks ‘Sabotaging’ Climate Targets by Financing Meat & Dairy Corporations

EHN: Banks pressured to tighten climate strategies for agriculture sector

ESG Investor: Farmers, Financiers Urged to Seek Pastures New

Fast Company: Big banks could help slash agricultural emissions—so why aren’t they?

Forbes: Big Meat And Dairy – Are Banks Financing The Next Emissions Timebomb?

Forests & Finance: New Study: Financing For Industrial Livestock Undermines U.S. Banks’ Climate Commitments

Fortune: Big Meat leaves ‘a huge cow-shaped hole’ in big banks’ climate commitments, new report finds

Friends of the Earth: New Study: Financing for Industrial Livestock Undermines U.S. Banks’ Climate Commitments

LAProgressive: U.S. Banks Break Climate Promises by Propping Up Big Meat

MSN: Big Meat leaves ‘a huge cow-shaped hole’ in big banks’ climate commitments, new report finds

Nation of Change: Big Banks break their climate promises by propping up Big Meat

Sentient: Your Bank Is Probably Fueling Meat Industry Climate Emissions

The Animal Reader: US banks funding meat industry conflicts with their climate goals

The Banker: Livestock financing contributes outsized emissions for biggest US banks

The Daily Climate: Banks pressured to tighten climate strategies for agriculture sector

The Guardian: US banks ‘sabotaging’ own net zero plans by livestock financing, report claims

vegconomist: The Shocking Truth of How Subsidies Impact the Cost of Plant-Based vs. Animal Meat

Wiki Observatory: Big Banks Break Their Climate Promises by Propping Up Big Meat

Yahoo!finance: Big Meat leaves ‘a huge cow-shaped hole’ in big banks’ climate commitments, new report finds

Z: Big Banks Break Their Climate Promises by Propping Up Big Meat

ZME science: Big Banks Break Their Climate Promises by Propping Up Big Meat

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