“The European Parliament voted today in favour of a new EU Anti-deforestation law, which bans products linked to the destruction of forests. This is welcome news as in 2021, the world witnessed a 22% rise in deforestation in the Brazilian Amazon, which is now at a tipping point between carbon sink and carbon source.
This law will help ensure that companies under the EU taxonomy take proper action in addressing deforestation throughout their supply chains and will have the potential to stop financial institutions from funding deforestation. Through CDP’s unique set of environmental data and insights, we can support financial institutions as they transition their investment portfolios and help secure a deforestation-free future”
For more information or media enquiries please contact:
Maddy Bravery, CDP [email protected]
Mona Monzer, CDP email@example.com