Business urged to wake-up to climate risks from deforestation

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Business urged to wake-up to climate risks from deforestation

Companies and financial institutions are undermining global climate goals by failing to tackle tropical deforestation, according to the latest annual Forest 500 report.

© Global Canopy
01/13/2022: ‘A climate wake-up‘ finds that one third of the 350 companies with the greatest exposure to deforestation through palm oil, soy, beef, leather, timber and pulp and paper – do not have a commitment to remove deforestation from their supply chains.

And almost two thirds of the 150 financial institutions that provide the most finance to those companies do not have a deforestation policy, including the world’s three biggest asset managers, BlackRock, Vanguard and State Street.

The report warns that companies will be ill-prepared for changing regulations, with new laws in the UK and proposals in the European Union requiring companies to ensure that imported goods are not linked to deforestation.

One third of those companies that have deforestation commitments do not appear to monitor their suppliers or their own operations to ensure that supplies are actually deforestation-free.

Source:, click to read the full article

Forest 500 Annual Report