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During the darkest days of the pandemic, emboldened wildlife roamed residential streets. The virus has reminded us of what we’ve unwittingly lost: nature, critical not just for personal pleasure but for sustaining the global economy. In 2021, policymakers and investors will heed the alarm on biodiversity loss, adapting a playbook they had established for measuring and managing climate risk.

Unpacking the Soy Value Chain

How different countries, traders and consumers are exposed to deforestations

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The size of each pie segment is relative to the contribution of countries or corporates to the production, export or consumption of soy. Click on each slice to see further details on the level of forest loss for major soybean producing countries, and how corporate processors, traders and users of soy address concerns of deforestation across the value chain.

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Co2 Emissions

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Producers, Processors & Traders
Consumers & Users

Unsustainably harvested soy is one of the most prominent drivers of deforestation. We identified the major soy producer and consumer countries as well as corporate processors, traders and users and examined their efforts to eliminate deforestation across the soy value chain. We focused our analysis on the food products industry given that over 70% of soy production goes into animal feed and the remainder is split between other type of food production and biofuel.

For Producers, Processors & Traders pie chart (left pie chart):
Inner circle
is made up of producer country: country contribution in % of global soybean production (2019/2020). Source: Statista.
Outer circle is made up of corporate processors and traders: company's processed and traded soy volume in % of total soy exports (2017). Source: Global Market Report: Soybeans, International Institute for Sustainable Development, October 2020.

For Consumers & Users pie chart (right pie chart):
Inner circle
is made up of consumer country: country contribution in % of global soybean import (2019/2020). Source: Statista.
Outer circle is made up of corporate users: company contribution in % of total revenues (FY2019) reliant on soy* from MSCI ACWI Index food products constituents, as of November 24, 2020. Source: MSCI ESG Research. Food processors typically do not disclose their level of reliance on soy, especially when it is embedded in their supply chain and not directly sourced by them. We made soy reliance estimates based on companies' publicly available operating segments description and commonly known food products derived from soy. Therefore, we cannot guarantee the accuracy or completeness of the data or information provided.

*We refer here to both direct use (soy as a product or ingredient in the food product; e.g. soy milk, soy sauce) and embedded/indirect use (soy used in feed mix for animal food products and ingredients; e.g. dairy, meat, eggs, farmed fish).

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