Are insurance companies investing in the destruction of the Amazon?
The industrial cultivation of soy, maize, cotton and sugar cane and livestock are driving deforestation in the Amazon and the Cerrado savannah. In addition, infrastructure and mining projects also threaten the rainforest, often operated by large international companies.
Fair Finance Guide Germany examined the investments of 6 insurance companies - active in Germany - in 59 companies along the meat and soy supply chains. From slaughterhouses in Brazil, to the production and sale of soy for animal feed, to international dairies and retail chains, investments have been identified in 21 of these companies.
Read the FFI news report here
Read the overview here (in German)