Case Study
Bolivia
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Associated crime
Source
Cargill and Deforestation: The Hidden Cost of Soy Production in Bolivia

The Global Witness report titled "Empty Promises: Cargill, Soy, Banks and the Destruction of Bolivia's Chiquitano Forest" reveals that US food giant Cargill has directly purchased soy from farms in Bolivia where more than 20,000 hectares of forest have been razed since 2017. The report suggests that Cargill is systematically failing to collect key data about the origins of its soy supplies in Bolivia, casting serious doubt on its commitments to achieving fully traceable and "deforestation-free" supply chains. The report also reveals that Cargill's global operations have been bankrolled by financial institutions including Barclays, BNP Paribas, HSBC and Santander, despite these firms' pledges to eliminate or reduce deforestation from their portfolios. The report concludes with a series of urgent recommendations to the EU and UK, US and Bolivian governments, to the world's biggest and most influential banks, and to Cargill itself.

Keywords
Bolivia, Soy, Deforestation
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