International Finance Corporation Should Stop Bankrolling Destructive Agribusiness
Stop Financing Factory Farming
3rd August '22
A new article discusses the IFC-approved $200 million loan to the Louis Dreyfus Company to purchase soy and corn from Brazil’s Cerrado to use on their factory farms. The article notes that “the Cerrado has already lost half its native vegetation to cattle ranches and mechanized soy and corn mega-farms.” It goes on to highlight the efforts from S3F, including letters sent to the IFC showing how the investment is “at odds with the bank’s own environmental policies and its commitment to align lending with the Paris Agreement and United Nations Sustainable Development Goals (SDGs).”
This artilce was originally published in Food Tank.
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