by Theo Stanley

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Companies have long been promising they will eliminate deforestation from their supply chains. But as the latest Forest 500 report finds, voluntary progress has failed. Now is the time for governments to ramp up their efforts to address tropical deforestation, by introducing strong regulations.

The European Union (EU) currently has no legislation to ensure that companies source deforestation-free agricultural commodities. …


Helen Bellfield

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The message from the launch of the latest Forest 500 annual report couldn’t be clearer. Even as we hit 2020, the ambitious deadline set by many companies to remove deforestation from their supply chains, almost half of the most influential companies and financial institutions in these ‘forest-risk’ commodity supply chains do not have a public policy on deforestation.

This lack of progress is highlighted in the report’s key findings:

  • 140 (40%) of the most influential companies in forest-risk supply chains, including internet retailer Amazon, Dutch supermarket chain SPAR and luxury fashion group Capri Holdings, owner of Versace, Jimmy Choo and Michael Kors, do not have any deforestation commitments. …

by James Hulse

Our natural world is under growing threat — from plastics in the ocean to the Australian bush fires. These threats often seem removed from the global economy — a world away from banking and finance. But three emerging initiatives in 2020 look set to bridge that gap, bringing nature into the spotlight for the financial world.

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Kangaroo Island fire. Source: robdownunder via Flicker (Creative Commons License)

Why is nature important to investors?

All economic activity depends on natural assets — such as water, forests and clean air. Manufacturers must have access to water to build cars; the agriculture sector needs bees and other pollinators to grow crops without excessive costs.

These natural assets are increasingly being degraded by pressures such as pollution, deforestation and climate change. Financial institutions are in turn exposed to natural capital risks that affect the businesses that they invest in, lend to, or insure.

In 2020, for the first time, the World Economic Forum’s top five global risks were all environmental, including major biodiversity loss and ecosystem collapse. …

About

Global Canopy

Global Canopy is a tropical forest think tank working to demonstrate the scientific, political and business case for safeguarding forests.

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