ESG & Investing

Brazil to Fight Deforestation With New Cattle-Tracking System

  • Government plan attempts to curb beef-related deforestation
  • Country hopes to renegotiate terms of EU deforestation law
Carlos Favaro, Brazil’s agriculture minister, arrives for a ministerial meeting at the Planalto Palace in Brasilia, Brazil, on Monday, March 18, 2024. Photographer: Ton Molina/Bloomberg
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Brazil is pressing ahead with plans to track its cattle herds as the world’s largest beef producer contends with international pressure to prevent deforestation caused by commodity production.

The government is working with the private sector to launch a data platform that will allow meat packers to fully trace their supplies starting in 2027, Agriculture Minister Carlos Fávaro said in an interview at Bloomberg New Economy at B20 in Sao Paulo on Tuesday. That will allow Brazilian beef to be completely traceable by 2032, he said.