Major companies and financial institutions are persistently ignoring their role in driving deforestation

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Global Canopy’s 10th annual Forest 500 report reveals, that despite some pockets of progress, voluntary private sector action has failed to generate meaningful progress on commodity-driven deforestation.

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Global nature targets hinge on eliminating deforestation. Progress must happen as soon as possible – and can be made quickly

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Without urgent action on deforestation – which accounts for around 11% of emissions – net zero is out of reach. Over 90 percent of all deforestation is a result of clearing land for a handful of commodities like beef, soy, palm oil and timber. But this is not inevitable; commodities can be produced sustainably.