Companies still not doing enough to cut deforestation from commodities supply chains: report

first_imgArticle published by Mike Gaworecki The latest “Forest 500” rankings are out from the Global Canopy Programme (GCP), and the main takeaway is that the global companies with the most influence over forests still aren’t doing enough to cut tropical deforestation out of their supply chains.Just five companies improved their policies enough over the last year to score a perfect five out of five in the 2017 rankings. Commitments to root deforestation out of timber and palm oil supply chains did increase, according to the report, but less than one-fourth of the Forest 500 companies have adopted policies to cover all of the commodities in their supply chains.Progress among financial institutions also continues to be sluggish, the GCP’s researchers found, with just 13 financial institutions scoring four out of five and 65 scoring zero. No financial institutions have received the maximum possible score. The latest “Forest 500” rankings are out today from the Global Canopy Programme (GCP), and the main takeaway is that the global companies with the most influence over forests still aren’t doing enough to cut tropical deforestation out of their supply chains.The annual Forest 500 report analyzes the 250 companies and 150 financial institutions (as well as the 50 most crucial jurisdictions and 50 other powerbrokers) that “have the largest potential to prevent tropical deforestation.” Every year since 2014 the GCP has assigned scores to each of these entities based on the strength of the policies they’ve adopted to address their exposure to deforestation risks from the production of four commodities — cattle, palm oil, soy, and timber (which includes pulp and paper) — that are collectively responsible for the majority of tropical forest destruction driven by agricultural operations today.This year’s rankings show that companies have made little progress since last year’s report, which found that, overall, the Forest 500 were not making enough headway to meet 2020 deforestation targets.Just five companies have since improved their policies enough to score a perfect five out of five in the 2017 rankings. Commitments to root deforestation out of timber and palm oil supply chains did increase, according to the report, but less than one-fourth of the Forest 500 companies have adopted policies to cover all of the commodities in their supply chains. The total number of companies that have received top marks now stands at 18, while 25 companies still score a zero out of five.Sarah Lake, who leads the Supply Chains Programme at GCP, notes that few companies in the cattle sector, in particular, have taken strong steps to sever their connections to deforestation in the tropics. Just 17 percent of cattle companies in the Forest 500 have a policy designed to help protect the forests where their cattle are produced or procured, and, what’s more, at least four Forest 500 companies have actually dropped policies addressing deforestation for cattle products since 2014.“Far more can be done to ensure that cattle rearing for beef and leather does not lead to tropical forests being cleared,” Lake said in a statement.But Lake also points out that the majority of Forest 500 companies have yet to take comprehensive action regarding their connection to forest destruction: “This year’s ranking clearly shows that while some leading companies have recognised the importance of tackling deforestation in their supply chains, most have not, and many are taking a piecemeal approach.”Progress among financial institutions also continues to be sluggish, the GCP’s researchers found, with just 13 financial institutions scoring four out of five and 65 scoring zero. No financial institutions have received the maximum possible score.There are a number of public-private partnerships to address deforestation, such as the New York Declaration on Forests and the Consumer Goods Forum, that have set 2020 as the deadline for meeting various benchmarks on halting tropical deforestation. If present trends continue, however, that deadline will not be met, according to the authors of the 2017 Forest 500 report.“At the current rate, the companies and financial institutions with the greatest influence on forests will fail to adopt adequate policies, or implement these policies by 2020,” they write. “As a result, global goals of zero commodity-driven deforestation by 2020 will be missed.”The strength of existing commitments varies by commodity, the authors add, with policies covering timber and palm oil being the most common and robust, while the cattle and soy sectors are lagging significantly behind. “Nevertheless, no sector is currently on track to achieve deforestation-free supply chains by 2020,” the authors note.“Companies need to develop policies across all their supply chains to ensure forests are protected, and financial institutions need to ensure that their investment policies recognise deforestation risks in their portfolios,” Lake said.Tropical deforestation for an acacia timber plantation in Sabah, Malaysia. Photo by Rhett Butler.Follow Mike Gaworecki on Twitter: @mikeg2001FEEDBACK: Use this form to send a message to the author of this post. If you want to post a public comment, you can do that at the bottom of the page. Popular in the CommunitySponsoredSponsoredOrangutan found tortured and decapitated prompts Indonesia probeEMGIES17 Jan, 2018We will never know the full extent of what this poor Orangutan went through before he died, the same must be done to this evil perpetrator(s) they don’t deserve the air that they breathe this has truly upset me and I wonder for the future for these wonderful creatures. So called ‘Mankind’ has a lot to answer for we are the only ones ruining this world I prefer animals to humans any day of the week.What makes community ecotourism succeed? 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In some ways, this is nature trying to fight back. This ban is great, but the rest of the world just cannot allow it to be temporary, because history has demonstrated that once this coronavirus passes, they will in all likelihood, simply revert to been the planets worst Ecco Terrorists. Let’s simply not allow this to happen! How and why they have been able to degrade this planets iconic species, rape the planets rivers, oceans and forests, with apparent impunity, is just mind boggling! Please no more.Probing rural poachers in Africa: Why do they poach?Carrot3dOne day I feel like animals will be more scarce, and I agree with one of my friends, they said that poaching will take over the world, but I also hope notUpset about Amazon fires last year? 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It is mentioned that planting trees in village common lands will have negative affects socially and ecologically. There is no need to even have to agree or disagree with it, because, you also mentioned the fact that Cauvery Calling aims to plant trees only in the private lands of the farmers. So, plantation in the common lands doesn’t come into the picture.2.I don’t see that the ecologists are totally against this project, but just they they have some concerns, mainly in terms of what species of trees will be planted. And because there was no direct communication between the ecologists and Isha Foundation, it was not possible for them to address the concerns. As you seem to have spoken with an Isha spokesperson, if you could connect the concerned parties, it would be great, because I see that the ecologists are genuinely interested in making sure things are done the right way.May we all come together and make things happen.Rare Amazon bush dogs caught on camera in BoliviaCarrot1 Feba very good iniciative to be fallowed by the ranchers all overSponsoredcenter_img Cattle, Cattle Ranching, Corporate Responsibility, Corporate Role In Conservation, Corporate Social Responsibility, Deforestation, Drivers Of Deforestation, Environment, Forests, Palm Oil, Pulp And Paper, Rainforest Deforestation, Rainforest Destruction, Rainforests, Research, Soy, Timber, Tropical Deforestation, Tropical Forests, Zero Deforestation Commitments last_img read more