Marfrig sticks its neck out with transition bond

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By Jon Hay, Oliver West
01 Aug 2019

Marfrig Global Foods, the Brazilian beef producer, has stirred up the green finance market by issuing a $500m ‘sustainable transition bond’. To some, it is a template for a new asset class that can help finance the global economy’s shift to lower carbon emissions. To others, it is a shocking case of greenwashing. By Oliver West and Jon Hay.

Awareness of the environmental impacts of agriculture, especially on climate change, is rising. Beef is one of the most carbon-intensive forms of food, and it has become common in the developed world to argue that people will have to reduce their consumption of meat, especially beef, if not ...

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