Last week Aidenvironment attended the annual conference of the Round Table on Responsible Soy (RTRS) in Lille, France
Last week Aidenvironment attended the annual conference of the Round Table on Responsible Soy (RTRS) in Lille, France. Many RTRS producing and purchasing organisations participated in the conference, as well as other other actors and stakeholders in the soy sector. In the discussions we highlighted our work to halt soy-driven deforestation in Brazil, especially in its Cerrado, a fragile eco system, that has seen a lot of soy-related deforestation. Since 2013 Aidenvironment has successfully engaged with investors and provided them with high-quality intelligence on deforestation activities by suppliers linked to their investees’ supply chains.
This year’s conference paid special attention to the Cerrado, an important region for (sustainable) soy production, at the same time also controversial because of environmental and social issues reported. During the opening session of the conference the involvement of the financial sector to increase the demand to sustainable soy was discussed as one out of five possible solutions.
Our research on deforestation practices in the Cerrado is used in the reports of Chain Reaction Research (CRR) consortium. CRR reports are a driver for change: investors have used their financial leverage to stimulate companies to adopt no deforestation policies. The reports have also highlighted the financial risks related to non-compliance with sustainability standards, such as sustainable soy (RTRS) certification. We have published reports on several RTRS members (SLC, BrasilAgro, Bunge and Cargill), identifying the risks caused by deforestation to their business operations and financial results.
For more information, please contact Arnoud Keizer.