The data used in this report were obtainedīy the Forests and Finance coalition, which monitors the support givenīy banks and credit institutions to potentially deforesting activities. Mercúrio, Ribeiro Soares and Boi Branco sustain that they comply with their social and environmental commitments and that the irregularities pointed out were isolated cases. Masterboi, Fortefrigo and São Francisco (Sampaio) did not respond either, despite Repórter Brasil’s insistence. After informing that the answers to the questions were “being validated,” the bank stopped responding to e-mails. Boi Branco’s contract, worth R$ 72,000, was signed a month before theĬompany was sued by the Federal Prosecution ServiceīNDES’ Transparency Portal shows that part of these loans are stillĪctive - which indicates that the sanction provided for by resolution 1854/2009īNDES did not comment on the cases, although it asked Repórter Brasil to extend the deadline by more than 30 days. Mercúrio and Ribeiro Soares had loans of R$ 4 million each įortefrigo had R$ 1 million and São Francisco (Sampaio) had R$ 100,000 in False information must be sanctioned “withĮarly contract termination without prejudice to applicable legal sanctions.”Ĭontracts totalled R$ 10.5 million when the problems with suppliers were Slaughter was made public after BNDES signed contracts with the companies that,Īccording to resolution 1854/2009, must provide statements saying that they do Operate – another practice banned by resolution 1854/2009.įederal Prosecution Service (MPF) in audits carried out on the companies’ purchases,īoth in their own investigations (in the case of Boi Branco) and as a result of the Conduct Adjustment Agreements (so-called Meat TACs) that verify socialĪnd environmental compliance in their operations. Head of cattle came from areas that did not even have environmental licenses to Properties included in Brazil’s dirty list of slave labour. Least 11,513 animals from farms interdicted by Ibama and 1,479 raised on Labour’s ‘dirty list,’” explained a press release published on the bank’s website in JulyĬompanies Masterboi, São Francisco, Ribeiro Soares, Fortefrigo, Mercúrio (Pará)Īnd Boi Branco (Mato Grosso) – all of which have BNDES funding – slaughtered at Furthermore, they cannot appear on the Ministry of Photo: (Lilo Clareto/Repórter Brasil)Ĭompanies can only source cattle from suppliers that are not on the list ofĪreas interdicted by Ibama. The BNDES has allocated – at least – around 2.3 billion dollars in financing to companies in the livestock sector directly linked to deforestation in Brazil, according to data gathered by the coalition Forests&Finance.
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