Forest conservation is critical to the foundation’s mission. Intact forests mitigate climate change, maintain water supplies, safeguard biodiversity and protect human health. But we are losing our planet's forests at an alarming rate, and that threatens everyone--including business.
This is why our Conservation and Markets Initiative grantees and other partners are working with companies and their financiers to eliminate deforestation from global supply chains for commodities including beef, leather, soy and farmed shrimp. It is in the self-interest of these companies and their investors to incorporate deforestation into risk assessments and climate action plans. In doing so, they avoid not only reputational and regulatory risk, but also material operational and financial risk that stems from disrupted and unstable supply chains. And, they 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…"