Will Brazil’s Raízen IPO favour climate change over food systems?

This report sets out four steps Brazil could take to change direction, including issuing an innovative Deforestation-Linked Sovereign Bond tying interest payments to its success in reducing deforestation.

The Bond would boost Brazil’s sovereign health and align its fiscal objectives with investors’ sustainability ambitions.

The source of the pollock supply chain is highly concentrated: ten companies own half of the global quotas. Together with fishery agencies in Russia and the US as well as the Marine Stewardship Council that certified three-quarters of pollock catches, they have considerable influence on the industry’s sustainability and profitability.

A revision of the Japanese Corporate Governance Code has been proposed and includes a greater focus on sustainability. Yet Japanese companies already have a high rate of sustainability reporting. The opposite is true for biodiversity though. Excluding biodiversity is a missed opportunity.

If just 1% (USD 222 million) of global ‘harmful’ fishery subsidies were redirected to increased monitoring, a 20% observer coverage rate could be reached, thus reducing illegal fishing and overfishing.

Against the Tide

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A case study focused on an entire industry of a G7 country, analysing the long-term financial performance of 70 listed Japanese seafood companies in this industry exposed to a declining natural resource.

Amid declining fish stocks and supply, financial think tank reveals why the growing risk exposure of Japan’s seafood industry is not being captured by the markets.