Land Grabbing, Forests & Finance
One of the fastest growing drivers of deforestation, greenhouse gas emissions, and displacement of forest-dwelling communities is the expansion of industrial agricultural plantations across the tropics for the production of palm oil, soy, cattle and pulp and paper. These ingredients appear in thousands of everyday household goods that line supermarket shelves. Monoculture plantations are responsible for widespread forest destruction, loss of endangered species’ habitat, and increasingly violent land conflicts between companies and local — often Indigenous — communities.
Deforestation driven by industrial agriculture is second only to fossil fuel combustion as a leading driver of global climate change. Year after year the world watches as some of the planet’s greatest rainforests, from the Amazon to Indonesia to the Congo Basin burn to supply the industrial demand for agricultural commodities. On average, an area of forest cover the size of the United Kingdom was lost every year between 2014 and 2018.
While agribusiness and consumer companies play a central role in driving the industrial agricultural supply chains responsible for deforestation and human rights abuses, these companies are financed by powerful investors. Following the money, Friends of the Earth US advocates for financiers to use their leverage to force companies to change their practices, or shift investments away from companies and industries driving deforestation, land grabbing, and human rights abuses.
In recent years, some money managers have come to recognize their responsibility to halt deforestation, as both a business risk and a moral imperative. But NONE of the largest US investment firms have policies on deforestation and human rights to guide their investments and ensure they are not funding deforestation. We advocate for all institutional investors, asset managers and banks to adopt policies to protect forests and the Indigenous Peoples who depend upon and care for them.
Indigenous Peoples and local communities have proven to be the best protectors of forests and lands on which the entire planet depends. Recognizing and respecting land rights therefore must be an essential part of any strategy to mitigate the worst impacts of the climate crisis. We work in close collaboration with civil society organizations, local communities, and grassroots leaders on the frontlines of the global deforestation crisis to ensure that their land rights are at the heart of any solution.
Friends of the Earth and our allies have pushed businesses and corporations to cut ties with abusive and destructive palm oil companies.
More than 40,000 Friends of the Earth members signed our petition urging Nestlé to cut ties with REPSA. And Nestlé responded.
As part of our campaign to #DefundDeforestation, we partner with the shareholder advocates at As You Sow to host DeforestationFreeFunds.Org – a search platform that enables people to find out if their money, in the form of individual investments or an employer-provided 401(k), may be causing tropical deforestation.
For many of us, the majority of our investments are in 401(k) plans offered by our employers. These 401(k)s invest mostly through mutual funds and exchange-traded funds (ETFs), and for most of us, it’s not easy to investigate what’s inside the funds we own. DeforestationFreeFunds.Org provides a practical way to see what your 401(k) is invested in, and to help you talk to your 401(k) plan manager about offering Deforestation Free 401k fund options.
Forests Fight deforestationTAKE ACTION
Green New Deal Archives Tell Congress to stop shelling out billions to Big OilTAKE ACTION
Environmental advocacy groups raised concerns and activists protested for a third year in a row at Procter & Gamble’s (P&G) annual general meeting of shareholders.
Climate groups are launching a campaign encouraging investors to vote against two key members of Procter & Gamble’s Board of Directors.
Shareholders in Bunge Limited last week threw their weight behind a call for the company to do more to protect forests in Brazil.
The world’s largest asset managers call the climate emergency one of the largest material risks to long-term corporate stability.
A majority of shareholders voted yesterday for Bunge to explain its plans to deal with deforestation, it should be seen as a step forward in the financial sector’s willingness to tackle the issue.
The world’s largest consumer goods company continues failing to address concerns over its deforestation and forest degradation in the boreal forest of Canada and tropical forests of Indonesia and Malaysia.