![\"\"](\"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/01\/global_carbon_credit_jaresourcehub.org_.png?resize=819%2C459&ssl=1\")
<\/a><\/p>\nThe report comes just months after countries reached a historic agreement to protect 30 percent of the world’s land and seas by 2030 at UN biodiversity talks late last year.<\/p>\n
At the same time, incoming legislation for the European Union and the United Kingdom will tighten rules around trading commodities associated with deforestation.<\/p>\n
But new analysis Wednesday showed that hundreds of firms still have not set a single policy on deforestation despite these high-level commitments.<\/p>\n
These companies are at risk — financially, reputationally, operationally — if they do not take steps to reduce their role in deforestation, the Forest 500 analysis by non-profit research group Global Canopy said.<\/p>\n
“While there have been pockets of progress, the majority of companies and financial institutions are living on borrowed time, putting climate and nature goals at risk,” Global Canopy director Niki Mardas said.<\/p>\n
The report found that 201 of the 500 companies and financial institutions with the most influence on tropical deforestation — 40 percent of all firms assessed — failed to set any deforestation policies, barely unchanged from a year ago.<\/p>\n
They included VW Group and Deichmann Group, Europe’s largest footwear retailer. Neither replied to AFP’s request for comment.<\/p>\n
The report assessed 350 companies with the greatest stake in forest-risk commodities: palm oil, soy, beef, leather, timber and pulp and paper. It also looked at the 150 financial institutions providing the most finance to these companies.<\/p>\n
It found that 100 companies have deforestation commitments in place for all of the commodities to which they are exposed, including Britain’s consumer goods firm Unilever and Sainsbury’s supermarket.<\/p>\n
But is said only half of these are actively monitoring their suppliers or sourcing regions in line with their own policies.<\/p>\n
“More companies have commitments, but few are taking sufficient action to deliver on them,” Global Canopy said.<\/p>\n
Rights abuses<\/strong><\/p>\nDeforestation — driven by commodity crops — threatens climate, communities and the diversity of life on Earth.<\/p>\n
Experts say containing deforestation is key to reaching climate goals.<\/p>\n
Last year, some 330 firms wrote an open letter to world leaders appealing for rules and regulations to force them to reveal their impact on nature.<\/p>\n
New laws in the EU and UK should help to propel that effort, but Global Canopy said companies need to do better — and can with more data tools and guidance available than ever before.<\/p>\n
“Really, 2023 is the best year there has ever been to act on deforestation,” Emma Thomson, Forest 500 lead, told AFP.<\/p>\n
“If companies and financial institutions act on deforestation, it is a really concentrated way to have a huge impact on both the climate crisis and the nature crisis,” she added.<\/p>\n
The analysis also revealed that just a fraction of financial institutions “most exposed to deforestation are addressing deforestation as a systemic risk”.<\/p>\n
Of the 150 financial institutions assessed, 92 do not have a deforestation policy covering their lending and investments.<\/p>\n
The financial institutions, which included major \u00a0\u00a0asset managers BlackRock, Vanguard and State Street, provide $6.1 trillion in finance to companies in forest-risk supply chains, it said.<\/p>\n
The report also found that the average company’s score for respecting human rights linked to deforestation fell by seven percentage points with the addition of new indicators.<\/p>\n
Thomson said deforestation is linked to a host of abuses, from violating land rights and consent, to violence and threats against human rights defenders.<\/p>\n
“Deforestation cannot effectively be eliminated without addressing those human rights abuses,” she said. (*)<\/p>\n
Source: france24.com\/AFP<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Paris\u00a0 \u2013 Many major global firms and financial institutions that directly or indirectly contribute to deforestation do not have any policies in place to protect forests, increasing the risk for catastrophic nature loss, a report said Wednesday.<\/p>\n","protected":false},"author":1,"featured_media":22524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-26229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
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The European Parliament approved a landmark deforestation law on Wednesday, 19 April 2023, to ban imports into the European Union (EU) of coffee, beef, palm oil, soy and other commodities if they are linked to the destruction of the world\u2019s forests. 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The European Commission said in an act published on Thursday (23\/05\/2025) that the law would categorize goods imported from Belarus,\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21689,"url":"https:\/\/gapki.id\/en\/news\/2022\/07\/20\/top-5-commodities-as-drivers-of-global-deforestation\/","url_meta":{"origin":26229,"position":3},"title":"Top-5 Commodities As Drivers Of Global Deforestation","author":"admin","date":"July 20, 2022","format":false,"excerpt":"JAKARTA - The growth of demand for foods, housing, infrastructure and other facilities has become the main drivers of global deforestation. The study conducted by the European Commission\u00a0(2013) has shown that the size of global deforestation during the period of 1990 \u2013 2008 reached 239 million hectares, of which 40\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/07\/fire_deforestation_psmag.com_.jpg?fit=1060%2C596&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/07\/fire_deforestation_psmag.com_.jpg?fit=1060%2C596&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/07\/fire_deforestation_psmag.com_.jpg?fit=1060%2C596&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/07\/fire_deforestation_psmag.com_.jpg?fit=1060%2C596&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/07\/fire_deforestation_psmag.com_.jpg?fit=1060%2C596&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":28688,"url":"https:\/\/gapki.id\/en\/news\/2024\/10\/06\/eu-confirms-delay-of-eudr-for-12-months\/","url_meta":{"origin":26229,"position":4},"title":"EU Confirms Delay Of EUDR For 12 Months","author":"admin","date":"October 6, 2024","format":false,"excerpt":"Brussels \u2013 European Commission President, Ursula von der Leyen, confirmed a one-year delay to the EUDR on Wednesday (2 October). It was originally due to start being enforced from 30 December 2024 for large businesses, and 30 December 2025 for micro and small businesses. The Regulation, which passed into law\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/EU_thegrocer_co.uk_.jpg?fit=942%2C611&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/EU_thegrocer_co.uk_.jpg?fit=942%2C611&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/EU_thegrocer_co.uk_.jpg?fit=942%2C611&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/EU_thegrocer_co.uk_.jpg?fit=942%2C611&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22045,"url":"https:\/\/gapki.id\/en\/news\/2022\/10\/05\/eu-widens-scope-of-deforestation-free-products\/","url_meta":{"origin":26229,"position":5},"title":"EU Widens Scope of Deforestation-Free Products","author":"admin","date":"October 5, 2022","format":false,"excerpt":"The European Parliament voted on 13 September 2022 to adopt its position in relation to the European Commission\u2019s proposed regulation on deforestation-free products. The European Parliament\u2019s position would widen the scope of commodities and products covered by the regulation, and subject financial institutions to additional due diligence requirements to ensure\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_asiatimes.com_oilpalm.jpg?fit=778%2C469&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_asiatimes.com_oilpalm.jpg?fit=778%2C469&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_asiatimes.com_oilpalm.jpg?fit=778%2C469&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_asiatimes.com_oilpalm.jpg?fit=778%2C469&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/global_carbon_credit_jaresourcehub.org_.png?fit=819%2C459&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=26229"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/22524"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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