Deforestation accounts for approximately 15% of the world’s GHG emissions. Businesses have the power to alter global demand for the agricultural commodities that are the primary drivers of deforestation and forest degradation. Soy, palm oil, leather, beef, timber, and pulp are wealth generators that feature in the supply chains of companies across economic sectors. The business community must lead the agenda on how these commodities can be sustainably produced.
What are the benefits?
Companies will be taking the first step toward managing deforestation risk, a key part of creating sustainable, resilient supply chains.
Companies will have the opportunity to source “deforestation-free” commodities.
Companies will reinforce the commitment made by the Consumer Goods Forum members, the 400 companies representing over $3 trillion in revenue that have pledged to eliminate deforestation from their business operations, as well as the work of the Tropical Forests Alliance 2020, a public-private coalition aiming to reduce commodity-driven deforestation by 2020.
Addressing deforestation is a cost-effective means of abating climate change, protecting watersheds and conserving biodiversity.
What is expected of companies that make this commitment?
By endorsing this initiative, companies commit to removing commodity-driven deforestation from their supply chains, combating a significant source of emissions and making their supply chains more sustainable and resilient.
In order to move from commitment into action, companies can follow the steps in CDP’s Deforestation Roadmap, which provides guidance on comprehensive risk assessment, setting targets, implementation, striving for leadership and progress tracking.