Morgan Stanley is a shareholder in two of the three largest beef producers in Brazil. The company owns 3.4% of Marfrig, the second-largest meatpacker in the country, and 4.94% of Minerva, the third-largest meatpacker. Cases of illegal deforestation were found in suppliers of the two companies in which Morgan Stanley holds stakes. Documents obtained by Repórter Brasil show that Marfrig bought cattle from the family of one of the largest deforesters in the Amazon.
— source news.mongabay.com | 16 Sep 2020