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Nature, climate demand reduced industrial beef production, but banks miss memo

By Hannah Greep 

Over the past few years we have seen a wave of “net-zero” commitments being made by banks as they attempt to bring their business in line with the global goal of heading off runaway heating. At last year’s climate COP (COP26) some financial institutions recognised that tackling agricultural commodity-driven deforestation needs to be part of the solution. Most recently, the UN’s Race to Zero Criteria highlighted that reaching net zero carbon emissions by 2050 requires halting deforestation at the same time as phasing out all unabated fossil fuel use. Those same criteria also encourage institutions to set targets to reduce methane emissions by at least 34% by 2030, in line with the IPCC’s 6th Assessment report.
While it is encouraging to see that halting deforestation and reducing methane emissions are being recognised by some as integral parts of any solution to halt climate breakdown and protect biodiversity, financial institutions are still failing to act on this imperative in practice. In fact, they seem to be turning a blind eye to one of the key drivers of climate change and forest destruction: the global beef industry.
Research by both the UN Environment Programme and the IPCC shows that, in addition to cutting carbon dioxide emissions, drastically reducing methane emissions is the most effective way to rapidly avert the climate crisis. If we are to limit warming to 1.5˚C, in line with the Paris Agreement, the IPCC indicates that methane emissions should be reduced by around a third by 2030. The livestock sector alone is responsible for 32% of all human caused methane emissions and cattle are responsible for 65% of those emissions.
In addition, beef production is the top driver of deforestation in the world’s tropical areas. Research shows that, as of 2020, 57 million hectares, or around 10%, of the Brazilian Amazon has been cleared for cattle ranching. Continuing to clear the Amazon is pushing it closer and closer to a tipping point, when the rainforest would begin to dry out and transform to grassland, releasing huge amounts of carbon and accelerating global heating beyond reparable levels. This is why it is crucial for any credible climate action plan to ensure that this deforestation does not continue.
The protection of human rights, especially those of Indigenous and traditional communities that act as traditional custodians of nature, is essential to any effort to protect and restore nature and, in turn, fight the climate crisis. The best-preserved areas of the Brazilian Amazon are those managed by traditional communities, with deforestation levels being 17 times lower in Indigenous territories. This is one of the many reasons why it is essential for financial institutions to have robust human rights policies in place that ensure the rights of all are being protected on the ground across all sectors, but especially in high-risk sectors like the beef industry.

Banks’ policies on beef are failing

By and large, financial institutions are facilitating the unchecked expansion of industrial beef production. Since 2016, financial institutions provided US$ 67 billion in credit to the Brazilian beef sector alone. As such, the question of what banks are doing to address the climate impacts of the beef industry is a crucial one. However, according to a recent policy analysis by the Forest & Finance coalition, banks’ beef policies are not robust enough to meet key environmental, social and governance criteria.
Leaders and laggards in  financing Brazil's beef giants
Across all so-called forest-risk commodities (which apart from beef also include soy, palm oil, pulp & paper, rubber and timber), financial institutions’ environmental, social and governance policies fail to adequately address the impacts and risks associated with these sectors. Overall, the average score across the 200 financial institutions assessed by Forest & Finance was just 1.6 out of 10, with a staggering 59% scoring less than 1 out of 10 available points. This demonstrates highly irresponsible business conduct and an abject failure to properly manage and mitigate environmental, social and governance risks. Despite greater recognition within the financial sector that halting deforestation is critical to maintaining a healthy planet, over 80% of the financial institutions assessed do not require their clients or their clients’ suppliers to commit to zero-deforestation and no conversation of natural forests and ecosystems.
Of all the forest risk commodities assessed, the beef sector performs the worst across all environmental, social and governance criteria, with financial institutions scoring an average of only 0.9 out of 10. This means they are hardly beginning to address the systemic climate, nature and human rights risks and harmful impacts in this critical sector. For example, Bradesco is the largest financier of Brazil’s beef giants, having provided just over US$ 1 billion to the sector between 2016 and 2022, but its policies score only 1 out of 10. The bank does not require any clients to commit to zero deforestation or non-conversion of natural forests and ecosystems, nor does it require clients to respect the right of affected Indigenous peoples to give or withhold Free, Prior and Informed Consent (FPIC).
Despite being exposed to substantial climate and nature related risks, only six of the largest financial institutions assessed improved their policies on beef over the last year. These were: Bank of America, BTG Pactual, Itaú Unibanco, BlackRock, BNDES, and Manulife Financial. However, none have robust policies covering deforestation or the protection of Indigenous peoples’ right to FPIC.
Among the top financiers of the beef industry, Rabobank and HSBC have some of the strongest policies for their lending with an overall score of 7.4 and 4.3 out of 10, respectively. However, their continued finance for the industry - Rabobank provided US$116 million and HSBC US$746 million in credit to the sector since 2016 - including some of the most problematic companies in the sector calls into question the implementation of those policies on the ground. Over the last year, Rabobank’s policies got worse in the category of protections for Indigenous Peoples’ and local communities through FPIC.

Real world impacts: JBS

One company in particular exemplifies the many problems associated with the industrial beef sector: the Brazilian meat packing company JBS. This company, the world’s largest meatpacker, has well documented links to illegal deforestation, slave labour and several major corruption scandals. JBS is the largest emitter of greenhouse gas emissions in the meat and dairy sector. Recent research shows that the company’s emissions increased over 50% in the last five years and is now equivalent to half the UK’s climate footprint. While the company has committed to reaching net zero by 2040, this commitment only takes into account its direct emissions, failing to tackle its indirect supply chain emissions which account for 97% of its impact.
The company’s net-zero plan also falls short with regards to its commitments on deforestation. Its plans allows the company to continue to source cattle linked to illegal deforestation in the Amazon and other biomes until 2025 and it has not committed to eliminate all deforestation from its entire supply chain until 2035. However, there are serious concerns that even these commitments will not be met by the company, since this isn’t the first time JBS has set targets to eliminate deforestation from its supply chain. JBS initially committed to end all deforestation in its supply chain back in 2009, but is yet to take any action on the promise. Based on this track record, JBS cannot be a client of any bank that wishes to put forward a credible climate action plan. Despite this, financial institutions including BNDES, Barclays and BTG Pactual provided US$ 1.1 billion in investment to JBS in 2022 alone.

Climate and biodiversity action requires a shift away from industrial beef production

In order to tackle the ongoing climate and biodiversity crises, we must also look at how our food is produced. The industrial beef industry continues to grow, at the expense of the world’s forests and the people who rely on them. The science is clear: methane emissions need to be reduced alongside carbon emissions, and halting deforestation must be included in any credible climate action plan. Financial institutions must listen and take urgent action if we are to have any chance of avoiding global heating spiralling out of control and maintaining a healthy, livable planet for all.
A shift away from the industrial beef sector needs to become part of the financial sector’s agenda in tackling the twin crises of climate and biodiversity, since the continued investment in climate-intensive sectors such as industrial beef exacerbates the risks of planetary collapse and associated financial consequences. Finance must shift to zero emissions energy, resilient food systems, and ecosystem conservation and restoration, which cannot be squared with the further expansion of the beef industry. This is why we are calling on banks to add industrial beef to their climate and biodiversity action agenda and set out their plans to phase out financing for the expansion and continuation of industrial beef production.
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The Forest & Finance coalition, of which BankTrack is a part, assesses the policies of 200 of the largest banks and investors active in six key commodities sectors driving deforestation and land degradation in Southeast Asia, Central and West Africa, and parts of Latin America. For more information, visit the Forest & Finance website. For more details on the methodology used for this assessment, see here. This blog originally appeared in BankTrack website 

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हिंदी आलोचना जैसे पिछड़ चुके अनुशासन की जगह हिंदी वैचारिकी का विकास जरूरी

0 - प्रमोद रंजन  भारतीय राजनीति में सांप्रदायिक व प्रतिक्रियावादी ताकतों को सत्ता तक पहुंचाने में हिंदी पट्टी का सबसे बड़ा योगदान है। इसका मुख्य कारण हिंदी-पट्टी में कार्यरत समाजवादी व जनपक्षधर हिरावल दस्ते का विचारहीन, अनैतिक और  प्रतिक्रियावादी होते जाना है। अगर हम उपरोक्त बातों को स्वीकार करते हैं, तो कुछ रोचक निष्कर्ष निकलते हैं। हिंदी-जनता और उसके हिरावल दस्ते को विचारहीन और प्रतिक्रियावादी बनने से रोकने की मुख्य ज़िम्मेदारी किसकी थी?

नफरती बातें: मुसलमानों में असुरक्षा का भाव बढ़ रहा है, वे अपने मोहल्लों में सिमट रहे हैं

- राम पुनियानी*  भारत पर पिछले 10 सालों से हिन्दू राष्ट्रवादी भारतीय जनता पार्टी (भाजपा) राज कर रही है. भाजपा आरएसएस परिवार की सदस्य है और आरएसएस का लक्ष्य है हिन्दू राष्ट्र का निर्माण. आरएसएस से जुड़ी सैंकड़ों संस्थाएँ हैं. उसके लाखों, बल्कि शायद, करोड़ों स्वयंसेवक हैं. इसके अलावा कई हजार वरिष्ठ कार्यकर्ता हैं जिन्हें प्रचारक कहा जाता है. भाजपा के सत्ता में आने के बाद से आरएसएस दुगनी गति से हिन्दू राष्ट्र के निर्माण के अपने एजेण्डे को पूरा करने में जुट गया है. यदि भाजपा को चुनावों में लगातार सफलता हासिल हो रही है तो उसका कारण है देश में साम्प्रदायिकता और साम्प्रदायिक मुद्दों का बढ़ता बोलबाला. इनमें से कुछ हैं राम मंदिर, गौमांस और गोवध एवं लव जिहाद. 

देशव्यापी ग्रामीण भारत बंध में उतरे मध्य प्रदेश के आदिवासी, किया केंद्र सरकार का विरोध

- हरसिंग जमरे, भिखला सोलंकी, रतन अलावे*  15 और 16 फरवरी को निमाड के बड़वानी, खरगोन और बुरहानपुर में जागृत आदिवासी दलित संगठन के नेतृत्व में आदिवासी महिला-पुरुषों ग्रामीण भारत बंद में रैली एवं विरोध प्रदर्शन किया । प्रधान मंत्री द्वारा 2014 में फसलों की लागत का डेढ़ गुना भाव देने का वादा किया गया था, 2016 में किसानों की आय दुगना करने का वादा किया गया था । आज, फसलों का दाम नहीं बढ़ रहा है, लेकिन खेती में खर्च बढ़ता जा रहा है! खाद, बीज और दवाइयों का दाम, तीन-चार गुना बढ़ चुका है! किसानों को लागत का डेढ़ गुना भाव देने के बजाए, खेती को कंपनियों के हवाले करने के लिए 3 काले कृषि कानून लाए गए । 3 काले कानून वापस लेते समय प्रधान मंत्री ने फिर वादा किया था कि फसलों की लागत का डेढ़ गुना भाव की कानूनी गारंटी के लिए कानून बनाएँगे, लेकिन वो भी झूठ निकला! आज जब देश के किसान दिल्ली में आपको अपना वादा याद दिलाने आए है, तब आप उनका रास्ता रोक रहें है, उनके साथ मारपीट कर उन पर आँसू गैस फेंक रहें हैं, उन पर छर्रों से फायरिंग कर रहें है! देश को खिलाने वाला किसान खुद भूखा रहे, क्या यही विकास है?

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das*  India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

રામનવમીના દિવસે મુસ્લિમ ધાર્મિક સ્થળો અને વિસ્તારોને અસામાજિક તત્વોથી રક્ષણ આપવી

- મુજાહિદ નફીસ*  પોલિસ મહાનિદેશક, ગુજરાત, ને આવનારા રામનવમીના તહેવારમાં નીકળતા જુલૂસમાં આવતા અસામાજિક તત્વોથી મુસ્લિમ ધાર્મિક સ્થળો અને મુસ્લિમ વિસ્તારોના રક્ષણ બાબત પત્ર:  આપ જાણો છો કે આવનારી 17મી એપ્રિલ ના રોજ રામનવમીનો તહેવાર છે. પાછલા વર્ષોના અનુભવ દ્વારા આપણે જાણીએ છીએ કે હિન્દુ ધાર્મિક તહેવારો મુસ્લિમોને હેરાન કરવા અને તેમના ધાર્મિક સ્થળો તેમજ દુકાનો મકાનોને નુકસાન કરવા માટેના માધ્યમ બની ગયા છે. 

सुप्रीम कोर्ट का चिकित्सा की दुनिया में बाबाओं की मनमानी को रोकने का प्रयास सराहनीय

- राम पुनियानी*  पिछले कुछ दशकों में भारत में कई बाबाओं का उदय हुआ है. इसके पहले भी बाबा हुआ करते थे मगर इन दिनों बाबाओं का जितना राजनैतिक और सामाजिक दबदबा है, उतना पहले शायद कभी नहीं रहा. कई बाबा अनेक तरह के काले कामों में लिप्त भी पाए गए हैं मगर उनकी दैवीय छवि के चलते उनके अपराधों को नज़रअंदाज़ किया जाता रहा है. 

18થી નાની ઉંમરના 1,15,129 બાળકો શાળા બહાર? વાસ્તવિક આંકડો 15-20 ગણો વધું

- સુખદેવ પટેલ*  16 એપ્રિલથી સમગ્ર ગુજરાતમાં શાળા બહારના 6 થી 19 વર્ષની ઉંમરના બાળકોનો સર્વે શરૂ થયો છે.  જે 26 એપ્રિલ સુધી ચાલશે. જેની જવાબદારી સરકારી શાળાના શિક્ષકોને સોંપવામાં આવી છે. અત્યારે પ્રાથમિક શાળાઓમાં વાર્ષિક પરીક્ષાઓ ચાલી રહી છે. લોકસભાની ચૂંટણીઓના કામ પણ શિક્ષકોને ભાગે કરવાના આવશે. શિક્ષકો કેટલું કરી શક્શે? શિક્ષકો પાસેથી વ્યાજબી રીતે કેટલી અપેક્ષાઓ રાખવી જોઈએ? RTE ની જોગવાઈઓ મુજબ દરેક બાળક શિક્ષણ મેળવી શકે, તે માટે શાળા બહારના બાળકોને સર્વે કરીને શોધી કાઢવાનું ઉમદા કામ સરકાર વિચારે છે, તે આવકારદાયક છે. આવાં ઉત્તમ કામમાં જેમને સીધો લાભ થવાનો છે,  તેવાં હિતધારકોની પ્રતિનિધિ સમિતિ SMC સ્કૂલ મેનેજમેન્ટ કમિટી આ જવાબદારી સારી રીતે ઉપાડી શકે તેમ છે. શિક્ષણ વિભાગ SSA તરફથી આ કામગીરીમાં SMC ની ભાગીદારીનું આયોજન કરીને યોગ્ય માર્ગદર્શિકા તૈયાર કરવી જોઈએ.

ई.वी.एम. के खिलाफ सत्याग्रह क्यों? मतपत्र वापस लाना आज क्यों ज़रूरी हो गया है?

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