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.
Ellen Behrens, VP Corporate Responsibility at Orkla ASA – a consumer goods company said, “We have a collective responsibility to act. The Forest 500 reveals that in order to preserve rainforests and fight climate change, it’s important that more companies establish no-deforestation policies with clear time-bound targets.”
Furthermore, entire sectors lack robust deforestation policies: in particular, impacts associated with cattle supply chains, a key driver of tropical deforestation, remain largely unaddressed; only 26% of companies operating in this supply chain have a policy to address environmental impacts from the production, trade, or sourcing of cattle products (beef & leather). Policies also fail to holistically address impacts in these supply chains. Of the 11 companies with cross-commodity gross zero deforestation policies 57% had policies limited to a specific geography or only a portion of a company’s supply chain.
“Despite growing momentum in the number of commitments across key supply chain actors, the Forest 500 reveals that many of these commitments lack the teeth to make meaningful change in the sustainability of commodity production,” states Sarah Lake, Head of the Supply Chains programme at GCP. “While they appear ambitious on face value, company policies need to close loopholes that simply relocate environmental and social impacts to new geographies, or sequester them into less sustainable supply chains.”
The report also reveals that demand for commodity products driving deforestation in the tropics remains unaddressed by major importing countries, while tropical forest countries are increasingly committing to address commodity driven deforestation within their borders. Four out of 25 selected countries exporting forest risk commodities have now established national commitments to prevent the loss of priority forest types such as high conservation value forests, primary, and intact forests, including two in the last year. Yet some of the largest importers such as China and India, as well as the EU and US, have yet to put in place strong demand-side commitments to tackle deforestation embedded in domestic consumption of the range of forest risk commodities. The only Forest 500 importing countries found to formally support nationwide sustainable commodity use or import initiatives are Germany and the Netherlands. Although importing countries may fund sustainability initiatives in producing regions, their import demand remains unaddressed.
The report also finds that strong policies from a small number of leading financial institutions are yet to be matched by their peers, clients and investee companies: 3% of financial institutions assessed have committed to remove deforestation associated with all four Forest 500 commodities from their portfolios, while a quarter have a lending or investment policy for some, but not all, commodities. Yet, even among those financial institutions with deforestation policies, many continue to finance clients and investees without aligned policies indicating a lack of policy implementation. The 2016 assessment finds that 75% of lenders with deforestation policies have made loans – totalling over $64 billion – to producers, processors, or traders that do not have aligned policies.
“Financial institutions lending or investing to companies operating in these supply chains have a significant role to play in achieving deforestation-free supply chains,” states Tom Bregman, Project Manager of the Forest 500. “If they engage with companies in their portfolios on the issue and shift financing away from companies persistently causing deforestation this would send a strong market signal and encourage more companies to take action.”
The 2016 results also show that:
● 3 companies made particularly encouraging progress: Colgate-Palmolive (US), Marks and Spencer (UK), and Orkla group (Norway) strengthened their deforestation policies and now score the maximum 5 out of 5 points available.
● The 2016 assessment results show that the majority of countries (18 out of 25) and subnational jurisdictions (7 out of 10) selected in the Forest 500 were found to have policies to tackle forest loss – for example, to reduce the rate of deforestation, expand the area of forest under protection, or prevent deforestation in a particular biome.
● Deutsche Bank (Germany) joins HSBC (UK) and BNP Paribas (France) in scoring the maximum 5 points, owing to an improved policy that lays out the expectation for clients to make their own zero net deforestation commitments and protect land with high ecological, cultural, or social value.
CDP, an international, not-for-profit organisation today also released a new study “Revenue at risk: Why addressing deforestation is critical to business success”, produced on behalf of 365 investors representing US$22 trillion in assets. The report concluded that on average, nearly a quarter (24%) of company revenues depend upon four deforestation-linked commodities: cattle products, palm oil, soy and timber products. CDP estimates up to US$906 billion of annual sales could be at risk. The report by CDP reveals just how vulnerable companies are to deforestation risks associated with producing and sourcing these commodities.
To see the Forest 500 platform and read more about the results including the analysis of the groups please visit Web: www.forest500.org Twitter:
4 Common Items That Can be Reused Again and Again
As a society we are getting much better at taking our obligations to the world and environment around us more seriously. This is undoubtedly a good thing! The effects of climate change are beginning to manifest across the world, and this is turning the issue from an abstract threat into a very real danger. Trying to introduce some greener, more eco-friendly practices into your life isn’t just a great way of doing something beneficial for society and the world around you. It is a wonderful way of engaging positively with the world and carries with it numerous psychological benefits.
Being a greener, more ecologically friendly person doesn’t require any dramatic life changes. Breaking or making a few small habits is all it takes to make your life a greener one. In this article we look at one of the easiest, yet most effective green practices to get into: reusing everyday items.
Jars and Containers
Glass and metal are widely recycled, and recycling is a good thing! However, consider whether any containers you buy, whether it’s a tub of ice cream or a jar of coffee, can be washed out and reused for something else. Mason jars, for example, can be used to store homemade pasta sauce and can be washed for future use. Once you start thinking about it, you will find endless opportunities to reuse your old containers.
An ice-cold soda is a wonderful treat on a hot day, but buying soda can get expensive, and the manufacturing and distribution of the drinks themselves isn’t great for the environment. However, by holding on to your old soda bottles and repurposing them as water bottles, you can save money on drinks, or use them to measure out water for your garden.
Most of the time groceries come in paper bags, which are better for the environment than the plastic alternatives, but they are less durable and thus harder to reuse. Whenever the store places your items in a plastic bag, hang onto it so you can reuse the bags again. If you want to take it one step further, consider looking into buying some personalized recycled bags. These bags are designed to last for a long time and are made of recycled materials. They look striking and unique, they’ll turn heads, and maybe even attitudes!
If you’re a keen gardener, then you will already probably know how to reseed your plants in order to ensure a fresh crop after each plant’s lifecycle. If you have space in your garden, or haven’t yet tried your hand at gardening, then consider planting a small vegetable plot. Growing your own veggies means that you’ll be helping to cut back on the emissions generated by their transport and production. The best part about growing your own food in this way is that, by harvesting properly and saving the seeds, you can be set up with fresh vegetables for life!
Reusing and recycling common household items is an easy way to make your world a little bit greener. Once you start looking for these opportunities you’ll realize that they’re everywhere!
These 5 Green Office Mistakes Are Costing You Money
The sudden interest in green business is very encouraging. According to recent reports, 42% of all companies have rated sustainability as an important element of their business. Unfortunately, the focus on sustainability will only last if companies can find ways to use it to boost their ROI.
Many businesses get so caught up in being socially conscious that they hope the financial aspect of it takes care of itself. The good news is that there are plenty of ways to go green and boost your net income at the same time.
Here are some important mistakes that you will want to avoid.
Only implementing sustainability on micro-scale
The biggest reason that brands are going green is to improve their optics with their customers. Too many businesses are making very minor changes, such as processing paperwork online and calling themselves green.
Customers have become wary of these types of companies. If you want to earn their business, you are going to need to go all the way. Bring in a green business consultant and make every feasible change to demonstrate that you are a green organization from top to bottom.
Not prioritizing investments by long-term ROI
It isn’t realistic to build an entirely green organization overnight. You will need to allocate your capital wisely.
Before investing in any green assets or services, you should always conduct a long-term cost benefit analysis. The initial investment for some green services may be over $20,000. If they don’t shave your cost by at least $3,000 a year, they probably aren’t worth the investment.
Determine which green investments will have the best pay off over the next 10 years. Make these investments before anything else. Then compare your options within each of those categories.
Implementing green changes without a plan
Effective, long-term planning is the key to business success. This principle needs to be applied to green organizations as well.
Before implementing a green strategy, you must answer the following questions:
- How will I communicate my green business philosophy to my customers?
- How will running a green business affect my revenue stream?
- How will adopting green business strategies change my monthly expenses? Will they increase or decrease them?
- How will my company finance green upgrades and other investments?
The biggest mistake that too many green businesses make is being overly optimistic with these forecasts. Take the time to collect objective data and make your decisions accordingly. This will help you run a much more profitable green business.
Not considering the benefits of green printing
Too many companies believe that going paperless is the only way to run a green organization. Unfortunately, going 100% paperless it’s not feasible for most companies.
Rather than aim for an unrealistic goal, consider the option of using a more environmentally friendly printer. It won’t be perfect, but it will be better than the alternative.
According to experts from Doranix, environmental printers have several benefits:
- They can process paper that has been completely recycled.
- They consume less energy than traditional printers.
- They use ink that is more environmentally friendly.
You want to take a look at different green printers and compare them. You’ll find that some will meet your needs as a green business.
Poorly communicating your green business strategy to customers
Brand positioning doesn’t happen on its own. If you want to run a successful green business, you must communicate your message to customers as clearly as possible. You must also avoid the appearance that you are patronizing them.
The best approach is to be clear when you were first making the change. I’ll make an announcement about your company‘s commitment to sustainability.
You also want to reinforce this message overtime by using green labels on all of your products. You don’t have to be blatant with your messaging at this stage. Simply provide a small, daily reminder on your products and invoices.
Finally, it is a good idea to participate in green business seminars and other events. If your community has a local Green Chamber of Commerce, you should consider joining as well.
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