Marfrig sticks its neck out with transition bond

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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