CDP Global Forests Report 2015: realizing zero-deforestation
Seven in ten companies have commitments to address deforestation yet few are translating these into meaningful actions, reveals new analysis from CDP, the global non-profit which gathers environmental data on behalf of investors. "Realizing zero-deforestation: Transforming supply chains for the future", launches at the Global Landscapes Forum in Paris. The findings suggest there is a widespread understanding of the business case for action, with nearly 90% of companies identifying commercial opportunities from addressing deforestation. However, without relevant procurement strategies and policies, commitments are not being implemented fast enough. Half (50%) the companies with commitments to source certified soy are yet to get any into their supply chains. For palm oil this is the case for over a quarter (26%) of companies. And while over three quarters (77%) of manufacturers and retailers have standards for sourcing commodities identified as among the largest drivers of deforestation, just over a quarter (26%) provide suppliers with training or workshops on this issue. CDP’s global forests report 2015 is produced on behalf of 298 investors with US$19 trillion in assets. It analyzes disclosures from 171 of the world’s largest companies – including Cargill, Mars and Unilever – to establish how they are managing four key commodities linked to deforestation: cattle products, palm oil, timber products and soy.