Tim Boekhout van Solinge has co-written a new report ‘Funding destruction of the Amazon and the Cerrado-savannah’, a Fair Finance Guide Netherlands case study on deforestation risks in soy and beef supply chains. Tim wrote the first chapter: Deforestation in the Amazon and Cerrado regions.
The Amazon and Cerrado biomes in Brazil have for years been among the global hotspots of tropical deforestation. The major drivers of forest conversion in these biomes are soybean cultivation and cattle ranching. This report shows how 21 banking groups, insurance companies and pension funds active on the Dutch market are involved in soy- and beef-driven deforestation in these regions and how they are dealing with this issue.