1/3 of companies linked to deforestation do not have a policy to end it

Similarly, Global Canopy’s “Forest 500” report (*) points out that many of those who have established policies are not monitoring them correctly, which means that the deforestation to produce its commodities may still be occurring: Of the 100 companies committed to deforestation, only 50% are monitoring their suppliers or supplier regions.

The document asks companies and financial institutions to recognize the deforestation as a risk to their business and establish policies to end the practice in their production chains. It also asks governments to monitor better and include financial institutions in this control.

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Report warns that companies still fail to disclose their environmental information

The Carbon Disclosure Project (CDP) released this week its A List of global companies that stood out in the transparency of environmental information in their corporate reports. More than 330 companies entered this year's list, but the highlight was the minimum number that managed to achieve the highest rating (AAA) – only 12, which represents 1,3% of the total number of companies involved.

EU ban on deforestation-related products sets global precedent

The European Union's (EU) groundbreaking agreement to ban the import of goods linked to deforestation has set a global benchmark and could accelerate the passage of a similar law in the United States. From 2024, the EU will require companies working in deforestation hotspots to certify that their products have not harmed forests after the December 31, 2020 deadline.

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