Now a new report concludes around 80% of Brazil’s leading beef and cow leather companies and their financiers have made no commitments to stop deforestation.
The study, released Wednesday by the environmental nonprofit group Global Canopy, highlights the country´s most influential beef and leather producers and processors along with financial institutions that have supported them with $100 billion. This amount is one-third of the annual funding that wealthy nations pledged to provide for climate finance in developing countries during COP29 last month in Baku, Azerbaijan
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