LSE Financing Illegal Deforestation in Peru via AIM-listed United Cacao Ltd. SEZC
In a briefing by the Environmental Investigation Agency, evidence reveals that United Cacao Limited SEZC, traded on the London Stock Exchange’s Alternative Investment Market (AIM), financed over 11,100 hectares of illegal deforestation in the Peruvian Amazon, by way of United Cacao's direct subsidiary, Cacao del Peru Norte, and two related companies, Plantaciones de Pucallpa and Plantaciones de Ucayali.
EIA analysis of primary source documents from Peruvian government entities, photos, and satellite images reveals that the activities and statements of AIM-listed United Cacao Ltd. are misleading and misrepresent the Group’s activities, in violation of AIM rules and regulations. The evidence and analysis presented by EIA sets the record straight about this network of companies’ impact on human rights, tropical rainforests, the global climate, and rule of law.
This briefing was submitted to the London Stock Exchange’s Alternative Investment Market along with a sign-on letter from over 60 indigenous organizations and NGOs from Peru, Europe, and the United States calling for United Cacao to be removed from trading on AIM for its breaches of AIM rules and ongoing illegal deforestation for palm oil and cacao in the Peruvian Amazon.
Read the full briefing here.
Below, please find EIA's primary source Annexes, Photographs, and Figures.