Case Study: IFC’s Agribusiness Loan May Have Jeopardized a Global Biodiversity Hotspot
Stop Financing Factory Farming
28th April '25
A new Friends of the Earth U.S. case study reveals that a $275 million loan from the International Finance Corporation (IFC) to Louis Dreyfus Company (LDC) Brasil failed to deliver climate benefits and may have fueled deforestation, pollution, and land-grabbing in Brazil’s Cerrado region.
“IFC cannot credibly claim alignment with climate or development goals while funding business-as-usual operations in high-emission, industrial agribusiness.”
-FOE Report
In 2022 the Stop Financing Factory Farming Campaign mobilized our global movement within six week to challenge the loan, leading to two delays in the Board vote and prompting a full Board discussion. As a result, IFC was asked to present its entire agribusiness portfolio to the Board. We thank Rede Social da Justiça e Direitos Humanos and Brazilian social movements for tracking impacts on the ground.
