Billion-dollar financing is driving unsustainable increases in global meat and dairy production, a report has found.
Global meat production rose 9% between 2015 and 2021, the report said, while dairy production increased 13% in that time.
Over almost the same time period, 2015 to 2022, financiers provided the world’s top 55 industrial livestock companies with average annual credit injections of $77bn (£60bn), and some appeared to compromise their own anti-deforestation policies to do so, according to the report.
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