A third of commodity-hungry firms have no deforestation policy – report

Published by
Reuters UK

By Simon Jessop LONDON (Reuters) – A third of the 350 companies most exposed to commodities such as palm oil, beef and timber have no policies to ensure their products are not fuelling deforestation, a report by NGO Global Canopy showed on Thursday. Protecting the world’s forests is central to efforts to limit man-made global warming by mid-century, and at the COP26 climate talks in November, 141 countries pledged to halt and reverse forest loss by 2030. At the same time, more than 30 financial institutions with nearly $9 trillion in assets said they would aim to eliminate commodity-driven def…

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