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BrasilAgro - Companhia Brasileira de Propriedades Agricolas

LND

Consumer Staples

1

exclusion reason

1 theme

Animal Welfare (1)
LND Consumer Staples Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Meat, Dairy & Eggs
Since Jul 28, 2021

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is a Brazilian agricultural real estate company whose core business model involves the acquisition, development, and sale of farmland for large-scale agricultural production. While the company's public filings emphasize land transactions and development, a significant portion of the agricultural operations on its properties involve commercial livestock production, including cattle ranching. This constitutes commercial exploitation of animals as a fundamental component of the land use and revenue generation from its agricultural assets.

The evidence gathered does not specify the scale, revenue percentage, or operational details of the animal exploitation activities. Public disclosures focus on land valuation and development, not on breaking down production by commodity. This lack of transparency regarding the nature and extent of animal-based operations on its farms prevents a more detailed assessment but confirms the company's involvement in the sector.

Research Sources 3 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.