“ESG Lessons from Palm Oil for Soy Supply Chain Investors” – Chain Reaction Research – September 11, 2018

On September 11, 2018 Chain Reaction Research published a report entitled, “ESG Lessons from Palm Oil for Soy Supply Chain Investors: How Sustainability Risks Can Become Material.”

According to the executive summary, “Approximately 18 percent of global greenhouse gas emissions comes from deforestation. Palm oil and soybeans are two of the four main crops driving deforestation, next to other environmental and social problems. Investor awareness regarding the material risks emerging in the palm oil sector has grown, but soy-related risks are not yet widely recognised. This paper aims to compare the two supply chains and draw lessons for investors in dealing with companies in the soy supply chain.”

You may read the report on the reports page of the Chain Reaction Research internet site.

Senate Briefing – Private Investment as a Driver of Deforestation – Washington, DC – September 5, 2018

On September 5, 2018 the Office of U.S. Senator Brian Schatz, Friends of the Earth, and Amazon Watch held a briefing entitled, “Private Investment as a Driver of Deforestation:  Senate Briefing on Exposure of US Investment to Deforestation, Corruption, and Governance Risks.”  The briefing took place in the Senate Russell Building in Washington, DC.

Civil Society experts from Ecuador, Indonesia and Liberia presented their experiences from the frontlines of tropical deforestation and examined existing financial, material and reputational risks to US investors exposed to conflict crude oil, palm oil and other forest-risk commodities.

Issues addressed during the briefing included:  capacity of national governments to negotiate with multinational corporations; corruption; free prior informed consent of local communities affected by deforestation; human rights of indigenous inhabitants of deforested land; the role of the Roundtable for Sustainable Palm Oil (RSPO); and the use of international and national law in prosecuting human rights abuses by local and multinational corporations.

Geoffrey Mazullo, Principal, Emerging Markets ESG attended the briefing.