Barclays has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document seen by Reuters that toughens the bank's stance but stops short of campaigners' demands.
A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File PhotoCalls for supply chain transparency by 2025has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document seen by Reuters that toughens the bank's stance but stops short of campaigners' demands.
Barclays said in a statement to Reuters it had "not provided financing to entities that undertake these activities since 2021" following "enhanced due diligence and oversight for clients engaged in beef production or primary processing operations in Brazil". The document seen by Reuters said the bank required beef producers to prohibit the production or primary processing of beef on or from areas in the Amazon cleared or converted after 2008.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Are Hollywood Writers Threatening to Strike?Hollywood writers could go on strike starting at midnight on Monday if their union fails to reach a deal with producers. See potential bias and similarities in coverage from business, Reuters and amspectator: Strike WGA
Read more »
New Barbie honors Anna May Wong, 1st Chinese American movie starMattel is honoring Chinese-American actor Anna May Wong with a new Barbie doll as part of the Barbie Inspiring Women series, which recognizes iconic women in history.
Read more »
American Airlines pilots authorize a strike mandate(Reuters) -North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc pilots backing a strike mandate and Air Canada pilots supporting a merger with a larger union. American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the Texas-based carrier for a contract, although the chances of them actually walking off the job remain slim. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April, even as the two sides closed in on an agreement in principle.
Read more »
S&P, Dow edge higher as JPMorgan gains; Fed meet in focus By Reuters*U.S. STOCKS RISE AS JPMORGAN GAINS AFTER FIRST REPUBLIC TAKEOVER; S&P 500 HITS HIGHEST SINCE FEB. 2 $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »