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Powerbroker for

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  • Overall approach
    1/12
    • Overarching commitment on deforestation
      0/4
    • Signatory to an initiative tackling deforestation
      0/1
    • Awareness of the value of forests
      1/1
      Yes
      1/1
      [Translation] "We protect areas of great biodiversity and their biological corridors because they constitute our green lung. We have more than 100,000 hectares of reserve areas, which are monitored, ensuring that biodiversity and its ecosystem services remain healthy. We know that forests and nature are also important for recreation, mental and spiritual well-being and associated with many traditional beliefs and teachings. That is why our responsibility is to protect them."
    • Deforestation as a business risk
      0/1
    • High-level management of deforestion
      0/1
    • Executive compensation linked to deforestation
    • Target to reduce emissions from land-use change
      0/2
    • Reporting on emissions from land-use change
      0/2
    • Disclosure of conservation activity
    • Disclosure of reforestation activity
      Yes
      0/0
      "LA SUIZA: We reforested 10 hectares with nearby white carob to the helmet of the stay. AGRORIEGO: Afforestation of the field on the side of the road, team activity with neighborhood schools. EL TIGRE: Afforestation with native species of great absorption of water in low areas of the field. "
    • Target to reduce emissions in scope 1/2
  • Commodity score
    5/88
    • Soy
      5/88
      • Commitment Strength
        0/20
        • Commitment to protect priority forests
          0/11
          • Commitment details
            No commitment
            0/8
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1
          • Interim target date
            No
            0/0.5
        • Commitment to a traceable supply chain
          0/9
          • Commitment details
            No traceability commitment
            0/5.3
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1
          • Interim target date
            No
            0/0.5
      • Social Considerations
        0/18
        • Labour rights in the supply chain
          No
          0/4
        • Inclusion of small-scale farmers
          No
          0/4
        • Gender equality in the supply chain
          No commitment
          0/4
        • Commitment to remediation
          No
          0/2
        • Commitment to ensure Free, Prior and Informed Consent
          No
          0/4
        • Commitment to resolve land conflicts
          No
      • Reporting and Implementation
        5/50
        • Reporting against commitments
          0/3
          • Commitment to protect priority forests
            No
            0/2.5
          • Commitment to a traceable supply chain
            No
            0/2.5
        • Reporting is independently verified
          0/2
          • Commitment to protect priority forests
            No
            0/1.5
          • Commitment to a traceable supply chain
            No
            0/1.5
        • Suppliers aligned with deforestation commitments across supply chain
          No
          0/2
        • Deforestation cut off date
          No
          0/2
        • Collaborative actions
          No
          0/2
        • Risk assessments for forest risk
          No
          0/2
        • Operations assessed to comply with law
          No
          0/2
        • Accessible grievance mechanism
          Yes, publicly accessible grievance mechanism
          2/4
          Accessible grievance mechanism
          Yes, publicly accessible grievance mechanism
          2/4
          Which issues does the grievance mechanism cover?: Social; Environmental
          "To all those willing to report irregular situations in connection with accounting, control or auditing issues, Cresud makes available the following email address cresud@c-etica-denuncias.com.ar , preserving their identities according to what is regulated by SARBANES OXLEY law, section 301. All information related to violations or doubtful conduct according to the Code of Ethics must be communicated to the Ethics Committee: a) via mail to comiteetica@cresud.com.ar, b) by mail to the Committee of Ethics at Carlos M. Della Paolera 261 Floor 9, (C1001ADA) CABA, Argentina, c) by telephone (54-11) 4344-5000 or 0800-333-1900, d) personally contacting any member of the Ethics Committee."
        • Report volumes of commodity
          Reporting total volume
          2/2
          Report volumes of commodity
          Reporting total volume
          2/2
          Total/partial volume reported: 359,055 tons
          Cresud reports that in FY2020, they produced 359,055 tons of soybean.
        • Report verified volumes of commodity
          No disclosure
          0/6
        • Upstream: Monitor compliance with human rights
          No
          0/4
        • Upstream: Impact assessments for land development/acquisition
          No
          0/4
        • Upstream: Reporting production/processing locations
          Reports location of un-certified land holdings
          1/4
          Upstream: Reporting production/processing locations
          Reports location of un-certified land holdings
          1/4
          What types of ecosystems are these?: Chaco, Amazon Rainforest, Cerrado

          What type of conservation designation and/or conservation status is used?: Natural reserve

          What is the total area (in ha) of natural ecosystem on land owned, managed, or controlled by the company?: 271,461 ha

          What is the total area in production (in ha)?: NA

          What is the total land area owned, managed, or controlled by the company for the forest risk commodity?: 119,273 ha

          In what country(ies) does the company operate and/or source material?: Argentina, Brazil, Bolivia, Paraguay
          Company publishes an interactive map showing the locations of its land holdings, with information boxes for each site including name of site, area under production, total land area, and activities (eg. agriculture, livestock, reserve). Further location information can be downloaded and input into Google Earth. In their Sustainability Report, they report that of their reserved land, 271,461 ha are "natural reserve" or "green lung" - 60% of the total reserved area [translation]. The remaining 179,097 ha, or 40%, is "reserve with potential for production".
        • Upstream: Monitor compliance of production/processing
          No
          0/4
        • Upstream: Reporting hectares of deforestation
          No
          0/4
    • Beef *
      5/88
      • Commitment Strength
        0/20
        • Commitment to protect priority forests
          0/11
          • Commitment details
            No commitment
            0/8
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1
          • Interim target date
            No
            0/0.5
        • Commitment to a traceable supply chain
          0/9
          • Commitment details
            No traceability commitment
            0/5.3
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1
          • Interim target date
            No
            0/0.5
      • Social Considerations
        0/18
        • Labour rights in the supply chain
          No
          0/4
        • Inclusion of small-scale farmers
          No
          0/4
        • Gender equality in the supply chain
          No commitment
          0/4
        • Commitment to remediation
          No
          0/2
        • Commitment to ensure Free, Prior and Informed Consent
          No
          0/4
        • Commitment to resolve land conflicts
          No
      • Reporting and Implementation
        5/50
        • Reporting against commitments
          0/3
          • Commitment to protect priority forests
            No
            0/2.5
          • Commitment to a traceable supply chain
            No
            0/2.5
        • Reporting is independently verified
          0/2
          • Commitment to protect priority forests
            No
            0/1.5
          • Commitment to a traceable supply chain
            No
            0/1.5
        • Suppliers aligned with deforestation commitments across supply chain
          No
          0/2
        • Deforestation cut off date
          No
          0/2
        • Collaborative actions
          No
          0/2
        • Risk assessments for forest risk
          No
          0/2
        • Operations assessed to comply with law
          No
          0/2
        • Accessible grievance mechanism
          Yes, publicly accessible grievance mechanism
          2/4
          Accessible grievance mechanism
          Yes, publicly accessible grievance mechanism
          2/4
          Which issues does the grievance mechanism cover?: Social; Environmental
          "To all those willing to report irregular situations in connection with accounting, control or auditing issues, Cresud makes available the following email address cresud@c-etica-denuncias.com.ar , preserving their identities according to what is regulated by SARBANES OXLEY law, section 301. All information related to violations or doubtful conduct according to the Code of Ethics must be communicated to the Ethics Committee: a) via mail to comiteetica@cresud.com.ar, b) by mail to the Committee of Ethics at Carlos M. Della Paolera 261 Floor 9, (C1001ADA) CABA, Argentina, c) by telephone (54-11) 4344-5000 or 0800-333-1900, d) personally contacting any member of the Ethics Committee."
        • Report volumes of commodity
          Reporting total volume
          2/2
          Report volumes of commodity
          Reporting total volume
          2/2
          Total/partial volume reported: 11,783 tons
          Cresud reports that in FY2020, they produced 11,783 tons of beef.
        • Report verified volumes of commodity
          No disclosure
          0/6
        • Upstream: Monitor compliance with human rights
          No
          0/4
        • Upstream: Impact assessments for land development/acquisition
          No
          0/4
        • Upstream: Reporting production/processing locations
          Reports location of un-certified land holdings
          1/4
          Upstream: Reporting production/processing locations
          Reports location of un-certified land holdings
          1/4
          What types of ecosystems are these?: Chaco, Amazon Rainforest, Cerrado

          In what country(ies) does the company operate and/or source material?: Argentina, Brazil, Bolivia, Paraguay

          What is the total land area owned, managed, or controlled by the company for the forest risk commodity?: 154,651ha

          What is the total area in production (in ha)?: NA
          Company publishes an interactive map showing the locations of its land holdings, with information boxes for each site including name of site, area under production, total land area, and activities (eg. agriculture, livestock, reserve). Further location information can be downloaded and input into Google Earth. In their Sustainability Report, they report that of their reserved land, 271,461 ha are "natural reserve" or "green lung" - 60% of the total reserved area [translation]. The remaining 179,097 ha, or 40%, is "reserve with potential for production".
        • Upstream: Monitor compliance of production/processing
          No
          0/4
        • Upstream: Reporting hectares of deforestation
          No
          0/4
  • * commodity scores for which a company is not a powerbroker are given half the weighting of other commodities in total scores

  • Commitment strength
    0/20
    Avg. score
  • Reporting and Implementation
    5/50
    Avg. score
  • Social considerations
    0/18
    Avg. score

Profile

Cresud is an Argentinian agricultural company producing crops and cattle for beef and milk with facilities in Argentina, Brazil, Bolivia and Paraguay. Cresud S.A. is selected as a powerbroker for soy and is also assessed for its exposure to beef.

Sector
Industry sector 
Agriculture
Segments
Producer, Processor
HQ
HQ 
Argentina
Company Type
Company type 
Public listed
Collective Commitments
Consumer Goods Forum member
New York Declaration on Forests signatory

How we assess the Forest 500

To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities.

All assessments use policies published on company websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.