In May 2023 Brazil's bank federation decided to implement a new sustainability standard demanding from meatpackers to ensure their meat is not coming from illegally deforested area. Credits will not be given to those who will not meet the new standards. The decision came after the European Union decides to implement regulations to stop deforestation. Brazil beef exporters, said the standard is not just because it is not applied to land owners. 21 banks representing 81% of the credit market in Brazil agree to follow those rules.
In May 2023 Brazil's bank f.ederation decided to implement a new sustainability standard demanding from meatpackers to ensure their meat is not coming from illegally deforested area. Credits will not be given to those who will not meet the new standards The decision came after the European Union decides to implement regulations to stop. deforestation. Brazil beef exporters, said the standard is not just because it is not applied to land owners. 21 banks representing 81% of the credit market in Brazil agree to follow those rules