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  • Sectors & commodity chains (1076)
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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 23, 2020
Major Deforestation Footprint a Risk for Yum China’s Secondary Listing
Yum China Holding Inc. (YUMC) is the largest restaurant chain in China. In June 2020, YUMC reportedly filed for a confidential secondary listing in Hong Kong. This report presents the company’s deforestation risk exposure and associated financial risks.
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.
July 15, 2020
Fool's Gold: The financial institutions risking our renewable energy future with coal
Profundo has carried out financial research for the 2020 update of the report Fool’s Gold – The financial institutions risking our renewable energy future with coal. The report examines eight European, and four significant international, financial institutions with close ties to Europe’s eight most polluting coal companies, finding that all continued to pump money into companies responsible for half of all EU coal-based CO2 emissions in the year after the IPCC released its 1.5 degrees C special report in Oct 2018.

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.
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