From Blue & Green Tomorrow:
“The Global Canopy Programme’s Forest 500 Initiative’s third annual set of results has declared that more action is needed from the government and financial institutions to help companies reach deforestation-free supply chains
The Global Canopy Programme’s ‘Forest 500’ released its 2016 results analysing the deforestation policies of the most influential tropical forest powerbrokers, including companies, financial institutions, and countries. Collectively, these powerbrokers hold the key to decoupling the production of palm oil, soya, cattle products, and timber products from deforestation. This would be a major achievement given that commercial agricultural production accounts for over two thirds of tropical deforestation globally.
This year’s annual assessment reveals that, at the current rate of progress, ambitious 2020 and 2030 deforestation goals, such as those laid out by the Consumer Goods Forum and signatories to the New York Declaration on Forests, are unlikely to be achieved. While 11% of companies have established new deforestation policies or improved existing ones, leading to an increase in their Forest 500 score, 57% of companies in the Forest 500 have either weak policies or no policies at all. Further, over the last three years, there was only an increase of 5% in the number of companies with policies for all commodities to which they are exposed.”