Debt deal with deforester BrasilAgro puts UBS’s green commitment in question

Mongabay
Aug 6, 2021, 12:24 pm215 pts
A profit of over 400%. That’s what BrasilAgro got from one of its early business ventures. The company bought the Cremaq farm in 2006, paying 42 million reais ($8 million) for a 32,700-hectare (80,800-acre) farm in the state of Piauí, in Brazil’s northeast. It then spent another 22.6 million reais ($43…

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