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Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Agriculture, livestock and food · Brazil · 2021–2025

Grain traders report 93–99% of Cerrado soy as deforestation-free

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 3 none on record · 1 not measured See the gaps

The traders' own forum declared 93–99% of 2023/24 Cerrado soy deforestation-free, while Mighty Earth's monitoring lists potentially linked losses for Bunge and Cargill. The Cerrado savanna is the nature at stake, and the sources reviewed do not give the period covered by the loss figures.

What?
Grain traders declared 93–99% of 2023/24 Cerrado soy deforestation-free in their own forum, while monitoring lists potentially linked losses. WBCSD (Soft Commodities Forum)
Where?
Cerrado biome, Brazil. Mighty Earth
When?
2023/24 soy season. WBCSD (Soft Commodities Forum)
Who?
Gained
None on record
Lost
  • Cerrado habitat — monitoring lists potentially linked losses of 224,181 ha (Bunge) and 133,256 ha (Cargill) Mighty Earth
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
The deforestation-free figures are self-declared by the traders; the loss figures come from a separate monitoring source. WBCSD (Soft Commodities Forum)
6 of 6 questions answered from the record

What happened

The record, in order.

The traders' own forum declared 93–99% of 2023/24 Cerrado soy as deforestation-free, according to the Soft Commodities Forum 2025 report.

Mighty Earth's monitoring data lists potentially linked losses of 224,181 hectares for Bunge and 133,256 hectares for Cargill.

Trade associations whose management included Cargill, Bunge and ADM lobbied against the EU deforestation regulation in 2021, and the regulation was postponed twice (Unearthed, 2022).

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    No court case on record. No court has ruled on this case.

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • None on record The period covered by the Mighty Earth loss figures is not stated in the sources reviewed.
    • None on record The traders' direct role in the 2025 postponement of the EU regulation is not recorded in the sources reviewed.
    • None on record The sources reviewed do not report a measured effect on the Cerrado as a whole.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: ✓ Company or project— Government and regulators— Courts— Press and investigations✓ Communities and civil society— Researchers

    Company or project

    1. Soft Commodities Forum 2025 annual report
      WBCSD (Soft Commodities Forum) · 2025

    Communities and civil society

    1. EU deforestation regulation lobbying
      Unearthed (Greenpeace) · 2022-03-04

    Connected cases

    Related matters, and cases linked to this one through the same organisations, with the role each played in both.

    Science and environment

    Hectare (ha)
    A unit of area equal to 10,000 square metres, about 2.5 acres. 100 hectares make one square kilometre.