Profundo

📢 A call for smart implementation of #EU #sustainability rules over disruptive U-turns 🤝 With Europe’s sustainability transition at a crossroads, over 90 organisations representing civil society, #business, #banks and #investor interests, including Profundo, have joined forces to publicly respond to the recent announcement from President Ursula von der Leyen regarding the EU sustainability reporting rules and an Omnibus proposal. At a moment where European leaders are seeking to boost competitiveness and attract major #financing to support companies’ sustainability transition, the statement shared with EU and national policy-makers emphasises: 1️⃣ The role of the EU sustainability legal framework as a catalyst for economic transformation 2️⃣ Companies’ need for #legalcertainty over short-sighted political reactions 3️⃣ The importance of promoting a pragmatic implementation that prevents over-compliance approaches 4️⃣ The risk-based nature and built-in flexibility of the #EUstandards  5️⃣ The need to protect the #EUmarket and level the playing field globally 🏓 We strongly encourage #policymakers to focus on supporting a smart and easy implementation of EU sustainability reporting standards, instead of playing ping-pong with the legal framework. Read the full statement here 👇

📢 The 2024 update of the Financial Exclusions Tracker is out now! 🔎 The Financial Exclusions Tracker #website tracks which #companies are being excluded by institutional #investors, #pensionfunds and #banks due to #humanrights, #publichealth and #sustainability issues. 🌏 The tracker lists a total of 5,536 company groups (66,708 subsidiaries) from 135 countries that have been excluded by 93 financial institutions in 17 countries. 🌡️ The most common motivation for excluding companies is climate/ #fossilfuels (48%) ⚖️ Fossil fuel companies do not only feature prominently in the #climate category, but also in the categories related to #humanrights violations and controversial #business practices. ❗ The Financial Exclusions Tracker coalition expects this list to increase pressure on the identified companies to improve their business practices. 🪙 It is also hoped that the tool will increase #transparency amongst investors and banks and encourage them to publicly share their exclusion policies. 🔎 Civil society, investors, and governments can use the database to identify the companies with the largest Environmental, Social, and Governance (#ESG) risks, as flagged by financial institutions themselves. Contributing researchers: mara werkman, Ward Warmerdam, Léa Pham Van and Stefanie Geurts Find out more about the tracker here 👉 https://lnkd.in/eex3pew9 #climatecrisis #fossilfuels #ghg #ghgemissions #tobacco #weapons #armstrade #exclusionpolicy #exclusionpolicies #bank #banking #esg #sustainabilitypolicy #humanrightsviolation #humanrightsviolations #socialresponsibility #responsiblefinance #climateaction BankTrack Both ENDS Fair Finance International Milieudefensie Gezondheidsfondsen voor Rookvrij Forests & Finance PAX Rainforest Action Network Environmental Paper Network

🍎 The #food sector is among the most vulnerable to the converging crises of #biodiversityloss and #climatechange, and it is also a major contributor. ⚠️ #Pesticides used in food retailer #supplychains contribute directly to both crises. 🐝 Pesticides are responsible for widespread harm to #biodiversity, including #pollinators and #soil organisms 🔥 Pesticides are #fossilfuels, the production and use of which are significant drivers of agriculture-related greenhouse gas emissions. 🩺 Pesticides also pose devastating risks to human #health along the supply chain 🔎 Profundo conducted the research for a new Friends of the Earth U.S. report that reveals: ❗ The U.S. food retail sector’s use of pesticides on just four crops - #corn, #soy, #apples, and #almonds - could result in $219 billion in financial risks between now and 2050. ❗ The estimated costs include $4.5 billion in #climatedamage from the CO2-equivalent emissions associated with the production and use of pesticides ❗ And $34 billion in #biodiversity risks associated with pollinator-harming pesticides Contributing researchers: Barbara Kuepper and Gerard Rijk Read the full report here: https://lnkd.in/eWbACgFU #pesticide #pesticides #US #pollinator #pollination #climatecrisis #ghg #greenhousegas #emissions #foodretail #foodsector #retail #finance #financialrisk

📢 New expert view out now! 🌿 Sustainability envisages that the environmental, social, and economic dimensions are all balanced in humanity’s development. ⚖️ However, #sustainable #finance #taxonomies appear to be primarily preoccupied with environmental issues, falling short of fully addressing the social agenda, which should be an integral part of a truly just and equitable transition. 🔎 This expert view examines how social taxonomies are designed and operated and examines the few countries and jurisdictions that have already developed such tools. Author: Pavel Boev Read the full expert view below 👇 #environment #socialjustice #finance #socialtaxonomies #financetaxonomies #taxonomy #financetaxonomy #sustainability #research

🔎 Profundo contributed data to the recently released 2024 edition of the Global Oil and Gas Exit List (GOGEL). 💻 GOGEL is a public database that provides a detailed breakdown of the activities of oil and gas companies worldwide. 💼 It covers 1,623 companies active in the upstream, midstream or gas-fired power sector. 🌎 Companies listed on GOGEL account for 95% of global oil and gas production. 🔥 The latest edition of GOGEL shows the oil and gas industry is not transitioning. In fact, 95% of the upstream companies on GOGEL are still exploring or developing new oil and gas resources. Contributing researcher: Jeroen Walstra Learn more here: https://lnkd.in/e53Ydjqs

❓ What does the team at Profundo do? Here are some of the answers: 🧮 We calculate the external damages caused by #companies and their supply chains, as well as their #financiers. 📱 We collect and analyse primary #data on #labourrights, #deforestation, #humanrights, and other #sustainability challenges, as well as strategies for driving meaningful change. 💰 We collect data on exclusions by financial institutions and we dig into ownership structures and the international #tax avoidance schemes set up by companies. 🔎 We assess and #benchmark sustainability policies of companies and financial institutions against international standards, agreements, and best practices. ⛓️ We analyse how #commodities (agricultural, #livestock, #forestry, #fishery, #energy, #mineral commodities as well as value-added products) find their way from production countries to #consumer goods companies and #supermarkets through international #supplychains. Want to know more? Take a look at our new services page 👉 https://lnkd.in/e3DZgwZX #policy #finance #supplychain #valuechain #interview #datacollection #equityanalysis #climatecrisis #climate #socialjustice #research

📢 Fair Finance Asia has launched their scorecard benchmarking 15 Asian banks' #policies on #consumer empowerment. 🔎 The #banks across Cambodia, Indonesia, Pakistan, the Philippines, and Thailand were evaluated in four key areas: #financialinclusion, #consumerprotection, #financialliteracy and #education, and #engagement and #accountability mechanisms.  🤝 The scorecard informs Asian banks and financial #regulators about their critical role in creating an enabling #policy #environment that empowers consumers to actively contribute to positive #sustainability outcomes. 🌿 The scorecard also supports strengthened consumer empowerment #advocacy, calls to action, and recommendations by Asian civil society organizations (CSOs) through improved understanding of the gaps across the four key areas analysed. Contributing researchers: Juliette Laplane and Chithira Rajeevan Learn more about the scorecard here: https://lnkd.in/g32QPwzy #bank #banking #financialinstitutions #policyresearch #benchmark #consumerpower #finance #cso

📢 New report, commissioned by Ecologistas en Acción, out now! ⛽ The report examines the implications of the EU-Mercosur #freetrade agreement on the expansion of first-generation #biofuels. 🌿 The study highlights the rising demand for #soy and #sugarcane as raw materials for #biodiesel and #bioethanol production. 🔎 It investigates how additional #quotas and duty-free #tariffs on imports from Mercosur countries could intensify the socio-environmental damage linked to these crops. 🔥 This could drive up global #emissions and #deforestation while exacerbating risks to #biodiversity, #foodsecurity, #humanrights, and the #climatecrisis. Contributing researchers: Stefanie Geurts, Barbara Kuepper and Diana Quiroz Read the full report in Spanish and English here: https://lnkd.in/gDykwWjZ #eu #mercosur #eumercosur #tradeagreement #biofuel #labourrights #climatechange #climatedamage #policy

🌿 Profundo provides action-oriented #research, advice and capacity building to help you push for change. ❓ But what types of research can Profundo conduct to tackle some of your most pressing questions? Profundo's services include: 🔎 Equity Analysis 🔎 Participatory research 🔎 Financial and tax research 🔎 Policy research 🔎 Supply chain and market research And more... Visit our new website to learn more about each of our services in detail 👉 https://lnkd.in/e3DZgwZX #equityanalyisis #climatedamage #policyresearch #publicpolicy #privatepolicy #participatoryresearch #interviews #datacollection #humanrights #labourrights #financialresearch #finance #tax #supplychainresearch #marketresearch #supplychain #valuechain #foodsystems #climateresearch #humanrightsresearch

📌 Profundo was in Brussels at the European Parliament yesterday! 🥕 Profundo's senior supply chain researcher Barbara Kuepper was in Brussels to present new #research conducted for the AGRI committee examining the impact of commodity traders on agricultural markets. 🔎 The study analyses the ramifications of #financialisation, explores prevailing trends, and confronts the challenges that characterise the industry's landscape. ❗ The research provides suggestions for bolstering the sector's #accountability and #transparency. Contributing researcher: Barbara Kuepper Read the full report on our new website here: https://lnkd.in/eHDChCYh #agriculture #agriculturalmarket #commoditytrader #EU #europeanparliament #agriculturalsector #sector #supplychains #supplychain #food #farmers #smallfarmers