Louis Dreyfus has specific policy commitments to eliminate conversion in the Cerrado and to discourage, and where possible eliminate, conversion of native vegetation. In addition, Louis Dreyfus’ new policy goes even further than its peers regarding biodiversity protection, committing to push its upstream supply chain companies to “not endanger threatened species, with specific reference to international or national systems of species classification.” Through its reporting to the Soft Commodities Forum, LDC says that it can trace all of its supply back to its direct suppliers in the 25 high-risk municipalities in the Cerrado, but this accounts for only a small percentage of its overall purchases in the biome.
However, the trader is still linked to deforestation. Through its joint venture with Amaggi Group and Zen-Noh (Amaggi LD), it is still purchasing from known deforester SLC Agricola. During the summer of 2020, the number of fire alerts in the vicinity of LDC’s siloes increased by 60 percent versus the same time last year.
In late 2020, LDC sold 45 percent of its stake to Abu Dhabi’s ADQ, a state-owned holding company.