Deforestation, which accounts for approximately 15% of the world’s GHG emissions, must be stopped if we are to mitigate climate change. Soy, palm oil, leather, beef, timber, and pulp are the primary drivers of deforestation and forest degradation. The business community can lead the agenda on how these commodities can be sustainably produced in a low-carbon economy.
What are the benefits?
Companies will be taking the first step toward managing deforestation risk within their supply chains, a key part of creating sustainable, resilient supply chains. This commitment will also lead to opportunities to source “deforestation-free” commodities.
Addressing deforestation is a crucial and cost-effective means of managing supply chains and abating climate change, protecting watersheds and conserving biodiversity.
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.
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.
54 companies committed to removing commodity-driven deforestation from all supply chains by 2020
Asia Pacific Resources International Ltd (APRIL)
Asia Pulp & Paper (APP)
Colgate Palmolive Company
Coway Co Ltd
General Mills Inc.
Grupo Bimbo, S.A.B. de C.V.
Happy Family Brands
H&M Hennes & Mauritz AB
J Sainsbury Plc
Jerónimo Martins SGPS SA
Koninklijke KPN NV (Royal KPN)
Marks and Spencer Group plc
Mayr-Melnhof Karton AG
Morgan Sindall Group plc
Natura Cosmeticos SA
Pick 'n Pay Stores Ltd
Procter & Gamble Company
Tiffany & Co.
Westpac Banking Corporation
Woolworths Holdings Ltd
Join CDP's accredited software partner, Greenstone, for their latest webinar focusing on the future of sustainability reporting and what it means for corporate organisation. These 30-minute webinars will include: • Trends in global sustainability policies • The changing global framework landscape and how it is being embedded into corporate reporting • The shift in how organisations are reporting • A closer look at how the SDGS are driving corporate engagement. Webinars will take place on the 24th of October at 9am BST and 4pm BST. Click to sign up.