Date: Oct. 29th, 2020
Time: 10:00 AM EST (US & Canada)/4 PM CEST (Europe)
French Casino Group and its subsidiary Grupo Pão de Açúcar (GPA), Brazil’s second-largest retailer, are facing a significant legal risk due to allegations of non-compliance with French law. Research by Envol Vert, Réporter Brasil, and Chain Reaction Research shows that GPA purchased beef sourced from farms involved in illegal deforestation and encroachment on indigenous communities leading to a potential lawsuit from Mighty Earth and other NGOs. The increasing risks Casino Group faces are valued at USD 2.5 billion and could lead to increased engagement from financiers.
Please join CRR for our webinar that will include guests from Envol Vert and Mighty Earth to discuss Casino’s ties to deforestation, the legal ramifications, and the financial risks the company faces.