Investors with $6.3 trillion in assets call on companies to cut climate, deforestation-related risks in global soybean supply chains

As global demand for soybean products continues to increase, 57 investors with more than $6.3 trillion in assets under management are calling on companies to disclose and eliminate deforestation risks associated with meeting this demand in their soybean supply chains, with a view towards protecting the long-term value of their investments. “While we recognise the important role of agriculture and soybean production to economic development and the livelihoods of farmers, we are also concerned that the environmental and social issues associated with unsustainable soybean production could have a material impact…

Read More

Mondelēz International Expands Program to Combat Deforestation in Cocoa-Growing Regions

Mondelēz International has announced ambitious and industry-leading plans to protect and restore forests in cocoa-growing regions, in an effort to secure a sustainable future for cocoa by making farms more resilient to climate change. The plans cover the company’s two largest cocoa-sourcing markets, Ghana and Côte d’Ivoire, as well as our third largest, Indonesia. Their commitment to sustainably-produced cocoa reflects the company’s purpose to empower people to snack right. As one of the world’s largest chocolate makers, the company has been using its scale to drive change in the cocoa…

Read More

Cocoa Industry Announces Cooperative Initiative to End Deforestation

Cocoa

Hosted by HRH The Prince of Wales, leading chocolate and cocoa companies have committed to develop cooperative, multi-stakeholder framework to address deforestation and forest degradation in the cocoa supply chain. Twelve of the world’s leading cocoa and chocolate companies agreed to a statement of collective intent committing them to work together, in partnership with others, to end deforestation and forest degradation in the global cocoa supply chain, with an initial focus on Côte d’Ivoire and Ghana. The agreement, concluded here during a meeting hosted by HRH The Prince of Wales,…

Read More