This is why grantees of our Conservation and Markets Initiative and other partners are working with companies and their financiers to eliminate deforestation from the global supply chains of commodities such as beef, leather, soy and farmed shrimp. It is in the interest of companies and their investors to incorporate deforestation into their risk assessments and in climate action plans. This way, they can avoid not only reputational and regulatory risks but also material operational and financial risk stemming from disrupted and unstable supply chains. And we help safeguard the planet for future generations.
In an op-ed for Forbes, Moore Foundation Program Director Sabine Miltner and Ceres CEO and President Mindy Lubber outline steps companies can take immediately to stop deforestation.
The goals were audacious: Hundreds of global companies ambitiously committed to eliminating deforestation from their supply chains by 2020.
Yet, even before the coronavirus took hold in the world, some consumer giants acknowledged publicly they would not meet their lofty commitments of purchasing only sustainably produced commodities, including palm oil, soy and beef. In fact, research from Ceres and Forest Trends' Supply Change Initiative shows few companies are on track to hit the goal…