Only a small minority of ‘powerbrokers’ that control the global supply chains that drive over half of tropical deforestation are equipped to tackle bold zero deforestation commitments, according the Forest 500 rankings. Among these are UK based Reckitt Benckiser, Unilever and HSBC.
The Global Canopy Programme, which developed the Forest 500, explains that the majority of tropical forest loss and degradation is driven by the production of just a handful of globally traded commodities, including palm oil, soya, beef, leather, timber and pulp and paper. These commodities move along complex supply chains ending up in over 50% of packaged goods in supermarkets worldwide.
Previous research had blamed consumer demand for driving illegal deforestation, and the Global Canopy Programme states, “Through these commodities, we are all part of a hidden deforestation economy.”
The Forest 500 identifies, ranks and tracks 250 companies, 150 investors, 50 jurisdictions and 50 other organisations that together could “virtually eradicate tropical deforestation”. Deforestation and land use change contribute to more than 10% of global greenhouse gas emissions, as will as undermining regional water security and threatening the livelihoods of more than a billion people.
Only seven of the Forest 500 scored the maximum number of points – companies Groupe Danone, Kao Corp, Nestle, Procter & Gamble, Reckitt Benckiser, Unilever and bank HSBC. However, 30 companies, mainly based in Asia and the Middle East, and numerous investors failed to score any points.
Mario Rauter, the Global Canopy Programme’s drivers of deforestation programme manager, said, “We are currently all part of a global deforestation economy. Deforestation is in our chocolate and our toothpaste, our animal feed and our textbooks, our buildings and our furniture, our investments and our pensions.
“Our goal with the Forest 500 is to provide precise and actionable information to measure the progress of society to achieve zero deforestation.”
Together the 150 investors included hold more than $1.7 trillion worth of share in the publicly listed Forest 500 companies and “hold a unique position in its potential to contribute to a zero deforestation economy”. However, none of the investors have established a zero or net zero deforestation policy and the report adds, “there is much to be done” in order for the financial sector to reach its potential on addressing the challenge.
Photo: crustmania via Flickr
Like our Facebook Page
Eco-Friendly Decisions That Will Enhance Your Quality of Life
List of Fantastic Places for Green Consumers to Settle in South Carolina
6 Amazing Eco-Friendly Bedroom Design Ideas for Sustainable Homeowners
5 Great Ways to be a More Environmentally-Friendly Cannabis User
Amazing Approaches to Cycling for Promoting a Greener Lifestyle
Understanding The True Environmental Impact of Dentistry
Incredibly Important Benefits of Effective Ethically Made Anti-Virus Face Masks
Best Natural and Eco-Friendly Ways to Treat Dog Ailments
Green Entrepreneurs Find Creative Ways to Balance Ethical Goals with their Retirement Objectives
The Surprising Environmental Benefits of Using an Organic Mattress
From Store to Door with Minimal Impact: How Companies Are Eco-Friendly Innovators
A Guide to Investing In Renewable Energy Stocks in 2021
Creative Ideas to Practice Eco-friendlier Consumerism
Hawkers Launch a Truly Innovative Eco-Friendly Sunglass Line
Everything You Need to Know Before You Start Using Renewable Energy in 2021
The Curtis Institute of Music Makes Facilities More Energy Efficient
What Can Ecotourists Learn from Visiting Chernobyl?
5 Essentials for Promising Eco-Friendly Businesses to Thrive in a New Economy
Charity Organizations Who Are Taking Steps to Become More Environmentally Friendly
Mastering the Art of Trading Bitcoins Profitably and Sustainably
- Editors Choice12 months ago
10 Green Companies With Amazing Environmental Initiatives
- Features12 months ago
5 Sustainable Home Improvement Ideas To Improve Your Home’s Value
- Energy12 months ago
10 Amazing Energy Saving Hacks for Spring
- Invest11 months ago
4 Super Simple Solutions To Create The Perfect Eco-Friendly Home