After the victory in the Climate Case against Shell, Friends of the Earth Netherlands wants the other major polluters to take action now. On January 13, FoE Netherlands delivered an urgent letter to 29 major polluters, asking them to come up with their own climate plan before April 15.
Profundo helped Milieudefensie to select the largest Dutch climate polluters on the basis of various criteria. These include foreign multinationals with large global GHG emissions, which have located their holding company in the Netherlands for fiscal reasons.
Latin American palm oil linked to social risks and local deforestation
This report looks at the palm oil market developments and connected sustainability issues in Latin American countries. A production expansion is forecasted, with export markets in the Latin American region as well as in Europe as important drivers. However, also in Latin America, just as in Southeast Asia, palmoil production comes with land disputes and threatens valuable forest ecosystems.
Palm oil production in Brazilian Amazon threatens NDPE commitments
This paper shows how also palm oil expansion, next to soy and beef, can be linked to deforestation, fires, exploitative labour conditions, and land disputes. Results also show many companies with NDPE policies (No Deforestation, Peat and Exploitation) have ties with palm oil traders linked to deforestation in the Amazon.
Profundo and Milieudefensie investigated the financial flows between Dutch financial institutions and companies producing and trading high deforestation-risk commodities: palm oil, beef, pulp and paper, soy, rubber, cocoa and coffee. The Netherlands comes first among the EU member states in financing these commodities. Dutch banks ING, Rabobank and ABN Amro injected 3.1 billion euros in loans into these commodities between 2016 and 2021, two-thirds of which in palm oil and soy. At the end of 2020, pension funds, insurers and banks invested 362 million euros in shares and bonds issued by producers and traders of these commodities, three quarters of which in beef and palm oil.
Financiers and plantations of Swiss-based agricultural traders
This research identified the financial flows to the world’s largest agricultural commodity traders, which often have trading offices in Switzerland, as well as the plantations they own across the world. Many of these plantations are linked to social and environmental conflicts and controversies. But the Swiss government is not regulating the activities of these traders, not even indirectly as Swiss banks hardly play a role in the financing of these traders.
The Dutch tv programme Zembla reports on the consequences of the EU dependency on soy imports for its outsized livestock sector. Profundo provided underlying supply chain analysis on the link between deforestation in the Brazilian Cerrado and soy imports to the EU market.
The Asian Web 2021: Tracking Regional Financial Flows
This research analyzes regional trends in financing to five sectors – agriculture, fossil fuel extraction (oil & gas, and coal mining), infrastructure, manufacturing and power generation – across FFA’s eight countries (Cambodia, India, Indonesia, Japan, Pakistan, Philippines, Thailand, and Vietnam). Analysis of these trends further identified financial institutions from the eight FFA countries financing the five sectors in multiple countries. Furthermore a number of opportunities for strategic regional cooperation were identified.
Impacts of Dutch Circular Economy strategies on cotton production and post-consumer textiles
Profundo assisted PBL in this study, which discusses the potential positive and negative impacts related to cotton production and waste management of a range of circular economy strategies that target the textile value chain. Profundo mapped the cotton production trade with export links to the Netherlands, as well as the export of post-consumer textiles from the Netherlands. Furthermore, Profundo explored the potential socio-economic impacts of Dutch circular economy strategies on low- and middle-income countries that are connected to the Netherlands through international value chains.
Financing of deforestation-risk commodities in tropical regions
Profundo assessed the finance received (in the forms of loans and investments) by over 300 companies directly involved in the beef, soy, palm oil, pulp and paper, rubber and timber supply chains, whose operations may impact natural tropical forests and the communities that rely on them in Southeast Asia, Central and West Africa, and parts of South America. Profundo has updated the financing data for these companies, identifying which banks and investors are involved.
Bank profits linked to financing deforestation-risk companies
Using the data in the Forests & Finance database, Profundo calculated the earnings for investors and creditors generated through their investments in, and financial services to, deforestation-risk companies active in the beef, palm oil, pulp & paper, rubber, soy and timber sectors in tropical forest regions.
Assessments of the policies of the main financiers worldwide of deforestation-risk commodities
For the Forests & Finance project, Profundo has assessed the policies of the main 200 investors and banks responsible for financing deforestation-risk commodities in tropical regions (beef, palm oil, pulp & paper, rubber, soy and timber). The policies are assessed against a rigorous assessment framework, based on international standards relating to deforestation, biodiversity, climate change, rights of Indigenous peoples, human rights, labour rights, transparency, tax and corruption.
Finance introduction training for CSOs in Latin America
This training supports the capacity development of CSO's in Latin America regarding the financial sector, with a focus on the financing of the oil & gas and palm oil sectors. The training also introduced and how the Fair Finance Guide (FFG) methodology works to assess content and scope of the sustainability policies of financial institutions and how it can be used to influence such policies and practices.
Several Large Indonesian Palm Oil Companies Also Have Risky Mining Businesses
Indonesia is among the world’s largest mining countries. It is also a country of conglomerate companies with interests in various businesses, including deforestation-related sectors such as oil palm, industrial forestry and mining. This report shows that many of the company groups active in oil palm plantations are also active in mining - two activities that both come with large environmental and social risks.