Tag: Global Canopy

59% of assessed financial institutions still do not have a deforestation policy

Stuart Mitchell

The latest Forest 500 data from Global Canopy shows limited progress by the finance sector on deforestation.  For the last 12 years Global Canopy has assessed and ranked the 150 financial institutions that provide the most financing to the Forest 500 companies. These 500 companies have the greatest influence on global deforestation through the production, processing and sourcing of nine forest risk commodities. Key findings The majority (59%) of the assessed financial institutions still do not have a deforestation policy including three of the world’s largest asset managers – BlackRock,…

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80% of cattle sector heavyweights ignoring Brazil deforestation links

Stuart Mitchell

New data published today reveals that the overwhelming majority of companies with the most influence over Brazilian cattle supply chains are failing to respond to the risk of deforestation linked to their production and sourcing of beef and leather. The financial institutions financing these companies also show little recognition or action on the links between cattle deforestation and their portfolios.  Global Canopy’s new Floresta 250 – Cattle report identifies and assesses the 175 companies and 75 financial institutions with the most influence over Brazilian cattle supply chains, through their links…

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The majority of pension providers in major climate coalitions do not have credible policies or commitments to tackle deforestation

Stuart Mitchell

The majority of pension funds and providers within GFANZ and Race to Zero do not have comprehensive policies or commitments to tackle deforestation.  Global Canopy together with their partner Make My Money Matter, have found that fewer than one in five (19%)* of the 77 pension providers who are members of these net zero coalitions have a current comprehensive policy or commitment to tackle this crucial climate issue*.  Deforestation driven by commodities such as beef, soy, palm and timber currently accounts for 11% of the world’s greenhouse gas emissions –…

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40% of the Forest 500 have yet to set a single policy on deforestation

Stuart Mitchell

Global Canopy’s 9th annual Forest 500 report and ranking finds that the companies and financial institutions with the most influence on deforestation are taking insufficient action on deforestation, with the finance sector “woefully behind”. Global Canopy’s latest Forest 500 report and ranking, which tracks the policies and performance of the 350 most influential companies and 150 financial institutions most exposed to deforestation risk in their supply chains and investments, has been published. The latest assessments show very slow progress on deforestation action. None of the companies and financial institutions in the Forest…

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