Prosegur Compañía de Seguridad, S.A.

Prosegur’s subsidiary in Brazil has been implicated in severe acts of violence and abuse against Indigenous peoples in the context of land disputes. The company provided security services to agribusiness and mining interests operating in contested territories, where conflicts over land have resulted in hundreds of deaths. From 2000 to 2021, 284 people were killed in connection with such disputes in Brazil, with private security forces often involved. A formal complaint submitted to the European Parliament in March 2024 alleged Prosegur’s complicity in these human rights violations, prompting a parliamentary question to the European Commission.

The Council on Ethics for the Norwegian Government Pension Fund Global highlighted these allegations in a 2024 assessment, citing the subsidiary’s involvement in providing security services linked to the abuse of tribal peoples' rights. While Prosegur has issued categorical rejections of the accusations and points to its human rights policy and code of ethics, the specific, grave allegations from on-the-ground sources and the scrutiny by a major sovereign wealth fund’s ethics council warrant exclusion. The pattern links the company’s core security service operations to outcomes of torture, cruel treatment, and violence against vulnerable populations.