Meat and soy - is Norwegian money contributing to deforestation in Brazil?

19 November 2020

Meat and Soy - is Norwegian money contributing to deforestation in Brazil?

A new report from Framtiden i vĂ¥re hender shows that Norwegian money goes to companies with a high deforestation risk in Brazil. At least 6.44 billion NOK went from seven Norwegian banks to 17 such companies in the last five years. Etisk Bankguide aka Fair Finance Guide Norway found links to soy and meat companies in Brazil, supermarket chains selling beef and producers of feed, pork, poultry and dairy products with soy in China, Europe and Brazil.

The full report in Norwegian is here. The Norwegian news report is here.