White Paper: Development Finance Support for Animal Agriculture
Stop Financing Factory Farming
20th October '24

Despite increasing awareness of the devastating social, economic, and environmental impacts of factory farming, development banks are still funneling billions into its expansion. A new white paper by the Stop Financing Factory Farming (S3F) campaign tracks how 16 development banks continue to finance these harmful practices.
This white paper covers:
- The World Bank Group’s $1.5 billion investment in animal agriculture in 2023, including $750 million for factory farming, which runs counter to the Bank’s own recommendations to reduce subsidies for red meat and dairy.
- An analysis of 16 development banks, showing the World Bank’s outsized role in financing factory farming—investing five times more than any other bank- with the Inter-American Development Bank and European Bank for Reconstruction and Development following.
- The growing disconnect between development bank investments in factory farming and global climate goals, with factory farming responsible for nearly 60% of food-related greenhouse gas emissions.
- S3F’s call for action, urging development banks to stop funding factory farms and support regenerative agriculture that benefits the environment, biodiversity, and local communities.
You can read the full paper below.
For more information on how S3F is pushing the World Bank—one of the largest public finance institutions backing global development—to move away from factory farming, check out our suite of actions at the 2024 World Bank Annual Meetings.