Big Meat and Dairy is bad for both people and planet. The five largest meat and dairy companies – JBS, Tyson, Cargill, Dairy Farmers of America and Fonterra – together emit more greenhouse gases than ExxonMobil. But the destruction does not stop there, whether land grabbing from indigenous territories in the Amazon rainforest, creating a dead-zone in the Gulf of Mexico, or exploiting workers in meatpacking plants during the Coronavirus crisis in South Dakota, meat and dairy corporations will not stop abusing the planet and its citizens in order to drive profit.

These companies rely on the financial, moral and political backing of thousands of institutional investors and creditors around the world: university endowments, sovereign wealth funds, banks, asset managers and public pensions. High street names such as Barclays, HSBC and Santander are among the banks financing the expansion of some of the most destructive meat companies. Universities that have banned beef on campus continue to fund controversial beef giants such as JBS and Marfrig through their endowments. And investment behemoths such as Blackrock, State Street and Vanguard continue to pour fuel on the flames of the Amazon fires by investing, again and again, in companies linked to deforestation.

 

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