Despite improvement among leading companies, the rate of progress by most companies is inadequate to meet deforestation targets for 2020. Entire sectors lack action. The rate at which new company policies are emerging is too low, with an increase of only 5% in the last three years in the number of companies with policies for all commodities to which they are exposed. Many policies also lack robustness, omitting key environmental and social factors, processes for publicly reporting progress, or parts of the companies’ supply chains. Explore the deforestation policies that companies are putting in place.
Demand for unsustainably produced commodities remains uncurbed by major importing countries, while producer countries are increasingly committing to address deforestation within their borders. Four producer countries have established new national commitments to avoid forest loss in one or more priority forest types, with two established in the last year. However, while many producer countries are supporting international efforts to reduce deforestation, major importing countries have yet to address the role of their own domestic consumption. Explore the deforestation policies that jurisdictions are putting in place.
Strong policies from a small – and slowly growing - number of leading financial institutions are yet to be matched by their peers and client/investee companies. Only 4 investors and lenders in the Forest 500 have policies committing to remove deforestation arising from their financing of companies across forest risk commodities. A larger number have such policies that apply only to some supply chains. 75% of those financial institutions with deforestation policies continue to finance clients and investees without such policies, with loans totalling over US$64 billion. Explore the deforestation policies that financial institutions are putting in place.