Negative progress towards a deforestation-free economy; global chemical industry faces pollution problem as demand increases; and fashion industry under pressure over transparency of its supply chains in Oliver Balch’s sustainability news roundup

ONCE UPON a time, 2020 felt like a long way off. Now, with less than nine months until the start of the next decade, the landmark date looks mighty close. At current trajectories, corporations that set themselves 2020 deforestation targets look highly likely to miss them. So predicts a new report into the performance of the world’s 500 most influential companies with forest-risk commodity supply chains. Of the 164 companies within the Forest 500 ranking that have 2020 deforestation commitments, not a single one is projected to achieve its objectives.

This depressing conclusion is the result of research by Global Canopy, an Oxford-based non-profit promoting a deforestation-free economy. More worrying still, progress by the companies under investigation appears negative. Of the 228 firms in Global Canopy’s analysis, 70% did less to achieve their stated commitments this year than last year. Around two-fifths (40%) of the Forest 500, meanwhile, are judged to be “not doing anything” to tackle the threat of deforestation in their supply chains. The research focuses in particular on corporations connected to palm oil, soya, timber and cattle. The latter is particularly overlooked, the researchers suggest, with only 16% of relevant companies shown to have forest-related...

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Forest 500  deforestation  Billion Tree Tsunami  rubber  chemical pollution  Exxon Mobil  Mares Circulares  Better Cotton Initiative  modern slavery  fashion industry 

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