It is with pleasure that I share with you CDP's new policy brief that explores how the consumption of commodities in Europe is driving deforestation abroad and gives recommendations for a join approach between producing and consuming countries to tackle deforestation.
Key points
- It is estimated that a little under 25% (by value) of all agricultural commodities from illegal deforestation in international trade are destined for import to the European Union.
- While there are regulations and commitments in Europe to halt deforestation related to some specific commodities such as timber and palm oil, scant progress has been made in tackling the embodied deforestation of soy and cattle.
- Among disclosers to CDP, almost 75% companies with links to soy production have identified sufficient sources of sustainable soy. But only around half of companies asked by major shareholders or purchasers responded to CDP’s questionnaire - suggesting that policies to improve disclosure and long-term risk assessment could have significant impacts on addressing deforestation.
- The briefing recommends that European countries work together with producing governments to create sustainability criteria for commodity imports, adapt existing regulation like the EU Timber regulation for other commodities such as soy and cattle, and use EU and national public procurement to enforce better standards and align governmental supply chains with the Paris Agreement and UN SDGs.
Explore the research
Read the full briefing ‘Analysing European public and private actions to tackle imported deforestation’ here.
We welcome you to share this brief with other that may be interested in this topic, and through social media channels with the hashtag #CDPForests .
Please don’t hesitate to reach out with any questions or comments.
We focus investors, companies, and cities on taking urgent action to build a truly sustainable economy by measuring and understanding their environmental impact.
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