This report provides an update on the commitments and actions of eight cattle and soy traders over four years, assessing their progress from 2020 to 2023 in eradicating deforestation, conversion, and human rights abuses from their production and sourcing. It also evaluates whether these efforts meet current best practices.

This report explores the challenges to increasing nature-based financing, examples of de-risking instruments across types of financial institutions, and corresponding calls to action for financial institutions to bridge the funding gap for nature-based solutions.