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A new report from Ecclesiastical Investment Management (EIM) exposes some of the forces behind our food. The report (see below) criticises a number of commodity trading companies over a lack of transparency, speculation on food prices, poor environmental practices and complicity in human rights violations. In particular, it states that the dominant and most powerful soft commodity trading firms are those that earn revenues equal in size to the GDP of entire countries. EIM observe that 11 of the top 20 commodity trading companies are currently unlisted (including Cargill), and their trading activity consequently lacks transparency and openness to critical review.

EIM conclude that social and environmental issues run deep in the soft commodities market, and that corporations need to take responsibility for their complex supply chains to ensure that workers’ rights, human rights, animal rights and environmental management are upheld.

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