Ranking the most influential companies driving tropical deforestation
Every six seconds, an area of rainforest the size of a football pitch is destroyed to make way for the production of commodities such as soy, beef and palm oil. Our latest assessment of the 500 biggest companies in these supply chains - and the financial institutions that fund them - found that almost half did not have any commitments to prevent deforestation.
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As we start a new decade, we face a climate emergency and a crisis in nature, illustrated all too vividly by the 2019 fires in the Amazon. Ending forest loss is essential to address these crises, yet the main driver of tropical deforestation is demand for agricultural commodities. The Forest 500 2019 annual report finds that despite ambitious commitments to end deforestation in agricultural commodity supply chains by 2020, the lack of any action by almost half of the most influential companies and financial institutions in forest-risk supply chains is preventing sector-wide change.
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