Federal agency deems TIAA’s land holdings in Brazil legally null and void
- CRR
- 18 December 2020
A technical report by Brazil’s land reform agency INCRA has deemed TIAA’s land titles in Brazil to be legally null and void.
A technical report by Brazil’s land reform agency INCRA has deemed TIAA’s land titles in Brazil to be legally null and void.
O INCRA e o Tribunal de Justiça da Bahia reconheceram que o fundo de pensão da empresa estadunidense TIAA e o fundo de investimentos da Universidade de Harvard adquiriram ilegalmente centenas de milhares de hectares de terras no Cerrado.
Brazil's land agency and a state court have determined that pension fund manager TIAA and Harvard University’s endowment fund illegally acquired hundreds of thousands of hectares of farmlands in Brazil’s ecologically sensitive Cerrado region.
A top US retirement fund and a major sugar producer have found themselves embroiled in a probe into possible breaches of land-purchase rules in agricultural superpower Brazil.
Fornecedora da Cargill, a SLC Agrícola desmatou, em 2020, mais de 5 mil hectares de Cerrado para cultivar soja em Formosa do Rio Preto (BA).
Fornecedora da Cargill, a SLC Agrícola desmatou, em 2020, mais de 5 mil hectares de Cerrado para cultivar soja em Formosa do Rio Preto (BA). A trader estrangeira, maior empresa privada dos EUA, comprometeu-se a barrar a prática em suas cadeias produtivas;
Indiana-based Teays River Investments has agreed to acquire family-owned Grimmway Farms – the self-proclaimed largest carrot producer in the world – for an undisclosed sum.
TIAA is unusual among financial firms for its aggressive pursuit of farmland, paving the way for financial wealth controlled by companies and individuals to takeover and dispossess rural communities of their farmland.
New report reveals finance firm TIAA initiated unprecedented global farmland investments under CEO Roger Ferguson Jr., while undermining human rights standards.
University of Iowa faculty members write that major collegiate employee retirement savings manager must divest from socially irresponsible farming pension fund investments and be transparent in doing so.
American pension fund giant TIAA sold its Southern Riverina farming aggregation between Wagga Wagga and Albury in southern NSW to local Australian farmers after more than a decade of ownership.
The Matopiba region is home to the majority of the Cerrado’s remaining vegetation, and, conversely, among the highest deforestation and fire rates in Brazil.