A new report from the Oakland Institute, reveals that several well-known pension funds, trusts and endowments are invested in a group of oil palm plantations in the Democratic Republic of Congo accused of environmental and human rights abuses.
Resolution by Cornell's University Assembly also calls on its main pension fund supplier to divest from agribusiness companies associated with deforestation, indigenous rights violations, and severe climate impacts.
- Cornell Daily Sun
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21 Mar 2021
As community efforts to reclaim 100,000 hectares of their ancestral land are met with violent repression, unlawful arrests, and murder, a report unveils the names of the new investors financing the plantations in the DRC.
- Oakland Institute
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18 Mar 2021
Alors que les efforts de la communauté pour récupérer 100 000 hectares de leurs terres ancestrales, initialement saisies il y a plus d'un siècle pour des plantations de palmiers à huile, sont confrontés à une répression violente, des arrestations illégales et des meurtres, un nouveau rapport de l'Oakland Institute dévoile les noms des investisseurs finançant les plantations en RDC.
- Oakland Institute
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16 Mar 2021
Global commodities giant Cargill continues to buy soybeans from a farm in Brazil that cultivates on illegally acquired and deforested land, including lands acquired by US teachers’ pension fund TIAA.
- Mongabay
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04 February 2021
The co-founder of Microsoft and his wife rank as the largest private farmland owners in the US, with over 242,000 acres across the country.
- Land Report
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18 January 2021
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.
- AATR, Rede Social, GRAIN
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17 December 2020
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.
- Bloomberg
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17 December 2020
New report reveals finance firm TIAA initiated unprecedented global farmland investments under CEO Roger Ferguson Jr., while undermining human rights standards.
- ActionAid & FOE
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20 November 2020
The fund’s initial offering has raised EUR32.45 million to-date from private investors to back sustainably-managed agricultural land and forests in the Baltic Sea region and Central and Eastern Europe.
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.
- Daily Iowan
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18 November 2020
Sahel Capital’s portfolio companies in Africa have cumulative 16,000 hectares of commercial farmland and aggregate additional crop from over 9,000 smallholder farmers.
Zimbabwe's National Social Security Authority says it will begin to shift some of its investments to agriculture value chains such as maize, wheat, soya and export crops such as macadamia and blue berries.
- Zimbabwe Daily
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14 November 2020
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.
An Associated Press investigation found poor conditions of millions of laborers from some of the poorest corners of Asia across palm oil plantation in Malaysia and Indonesia, many of them enduring various forms of exploitation, with the most serious abuses including child labor, outright slavery and allegations of rape.
This investment marks the US pension’s first investment in farmland, and in its first in Homestead.
The pension fund is reducing its allocation to real assets from 22% to 17% as it moves its agriculture allocation to zero.
The Covid-19 pandemic and a general trend towards ESG investing are pushing more institutional investors, particularly pension funds, to look more closely at farmland investments.
Two Harvard-controlled LLCs have deeded over 7,104.74 acres of land in northern San Luis Obispo County, California for an estimated $120.14 million (based upon $132,159 paid in county real estate transfer taxes.)
We naively believed that collaboration with farmland investor NCH Capital would be our opportunity for honest business in Ukraine. The complete opposite turned out to be true.
- Baltic Course
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09 July 2020
London-based Stafford Capital Partners has raised €12m from three European pension funds towards its soon-to-be-launched follow-up to its Australian farmland fund.
- IPE Real Assets
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22 June 2020
You’d be surprised to learn that the billion dollar barons of Australian farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund
Hewitt Cattle Australia, a joint partner of Canadian pension fund – Public Sector Pension Investment Board (PSP Investments), has listed its Mt. Cooper aggregation in Northern Queensland for sale.
Fossil Fuel Divest Harvard joins international civil society groups to shed light on HMC’s morally repugnant land investments
Controversial hedge fund tycoon Crispin Odey invested more than US$170m into one of Brazil’s most damaging agribusinesses despite it deforesting large areas and receiving numerous environmental fines
- Global Witness
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07 May 2020
Macquarie-backed Viridis Ag has bulked up its national broadacre cropping portfolio, buying a 356-hectare property in Belubula Valley, amid a steady stream of blue-chip farming deals in Australia.
World Bank and IMF policies have provided key support for the financialisation of food and agriculture, resulting in landgrabs, price volatility, the concentration of power and the expansion of climate-damaging industrial agriculture
Large institutional investors are pouring capital into global agricultural markets, and Australia has been a key target.
- IPE Real Assets
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06 April 2020
This report highlights nearly 700 organizations that are investing in food and agriculture globally in a sector that had over $131 billion in Assets Under Management in 2019.
Odey Asset Management is understood to have sizeable stake in Brazilian agribusiness firm SLC Agricola which is linked to deforestation in the Amazon.