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The Guardian - UK

Environment

Sophie Kevany

Banks driving increase in global meat and dairy production, report finds

HSBC JBS Minerva Bank of America Barclays Deforestation Marfrig Fonterra JPMorgan Chase New Zealand

A worker spreads out meat at a JBS plant. — A worker at the Brazilian meat firm JBS, which the report says is the world’s highest-emitting livestock company. Photograph: Paulo Whitaker/Reuters

Billion-dollar financing is driving unsustainable increases in global meat and dairy production, a report has found.

Global meat production rose 9% between 2015 and 2021, the report said, while dairy production increased 13% in that time.

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