A $240 million time deposit has been made, according to the Brazilian division of American grain trader Cargill, to support Environment, Social, and Governance (ESG) initiatives in the continent’s food superpower. The deal, dubbed the first “ESG Time Deposit” in Latin America by Cargill and partner bank Banco do Brasil, would fund initiatives that support low-carbon development and sustainable development.
These initiatives aim at:
- Optimizing water use
- Reducing greenhouse gas emissions
- Supporting the use of biomass for energy production
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