The role of the financial sector in deforestation-free supply chains
Transforming the global supply chains for beef, palm oil, soy, and pulp and paper so that they are truly sustainable is a $200-billion-a-year investment opportunity, according to a new report by the World Economic Forum (WEF) and Tropical Forest Alliance 2020 (TFA 2020). It’s estimated that about 10 percent of global emissions comes from deforestation — meaning we could make considerable progress toward halting climate change simply by keeping what remains of the world’s forests standing. Agricultural commodities — especially beef, palm oil, soy, and pulp and paper — have become an increasingly important driver of deforestation over the past couple decades, particularly in the tropics.