Brazil Banks to Deny Credit to Meatpackers Linked to Amazon Destruction
- Sustainability standard mimics EU anti-deforestation laws
- Supply chain tracking system required by December 2025
Cattle graze in the Amazon rainforest near Novo Progresso, Para state, Brazil.
Photographer: Joao Laet/AFP/Getty ImagesThis article is for subscribers only.
Brazilian banks have committed to deny credit to meatpackers that buy cattle from illegally deforested areas, echoing new European Union regulations intended to protect rainforests.
The sustainability standard released Tuesday by Febraban, Brazil’s bank federation, requires slaughterhouses to adopt a tracking system to monitor its entire supply chain in the Amazon region and Maranhao state by December 2025. The requirement applies to both direct and indirect suppliers.