Despite promises from companies stating that they are committed to stopping deforestation, the United Kingdom’s Global Canopy Program (GCP) insists more needs to be done to halt this worldwide problem. To that end, the GCP has assembled what it calls the Forest 500, which includes a list of 250 countries, 150 investors and 50 countries that together largely control the global timber supply chain.
In a nutshell, this group of stakeholders controls about $1.7 trillion in shareholdings that are exposed to “forest risk commodities.” These actors, from Fortune 500 companies to the world’s largest financial institutions, have revenues exceeding $4.5 trillion while dominating the global supply chains of soy, beef, leather, palm oil, timber, and pulp and paper. Corporate promises aside, the GCP insists that this group has much to do in guaranteeing the survival of the world’s forests. The study, however, does acknowledge that some of the individual companies have done much to confront deforestation — but as a group they need to do much more.
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