New Consumer Goods Coalition to Accelerate Systemic Effort to Remove Deforestation and Forest Degradation from Key Commodity Supply Chains

As part of Climate Week 2020, The Consumer Goods Forum (CGF) officially launched the Forest Positive Coalition of Action, including 17 global consumer goods brands, retailers and manufacturers that will work together and use their collective voice to accelerate systemic efforts to remove deforestation, forest degradation and conversion from the key commodity supply chains of palm oil, soy, and paper, pulp and fibre-based packaging, and drive transformative change across the industry.   The Coalition, led by the respective company CEOs and co-sponsored at the CGF Board level by Carrefour and…

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As deforestation escalates in the Amazon, Ceres releases major new investor framework to drive urgent corporate action

As deforestation escalates in the Amazon rainforest, the sustainability nonprofit Ceres, along with institutional investors and leading scientific experts, released today a new first-of-its-kind engagement framework for investors to spur more bold corporate action on global deforestation – a major driver of the climate crisis.  New research from Ceres’ scientific partners found that commodity-driven deforestation – the clearing and burning of forests for agricultural production – is associated with five percent of all global greenhouse gas emissions. Meanwhile, new data from Brazil shows that deforestation in the Amazon rose more…

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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…

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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…

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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,…

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