Enlightened Corporate Action Will Halve Global Deforestation By 2019, Uh, 2025; Oh, Sorry, By 2030

[hatrack]

There was hope, back in 2014, that the world would be able to halve deforestation rates within the following five years. The New York Declaration of Forests, a list of goals to protect and restore the world’s forests, had set a deadline for companies, financial institutions and the public sector. But the deadline came and went, and commodity-driven deforestation continued with only incremental improvements.

Now, 2025 has become the new target date for halting commodity-driven deforestation. A UN high-level expert group said last year that companies still have time to crack down on “deforestation, peatland loss and the destruction of remaining natural ecosystems.” The Glasgow Declaration of Forests and Land Use, established at COP26, set a similar deadline for 2030. But those goals are in jeopardy, as well. While many companies and financial institutions have developed some policies on deforestation, they’re not keeping up with the best practices needed for improving forest-risk supply chains, according to a recent report from Global Canopy, a data-driven environmental group.

“While there have been pockets of progress,” its report said, “companies and financial institutions are not moving quickly enough and they are putting net-zero targets and global climate and nature goals at risk.” For the last nine years, Global Canopy has published its Forest 500 report reviewing the top 350 most influential companies and 150 financial institutions exposed to deforestation risk in their supply chains and investments. They include controversial entities like Nestle, Colgate, Louis Dreyfus, McDonald’s, Johnson & Johnson, Bunge, Deutsche Bank, Fidelity International, Citigroup, JP Morgan Chase and Scotiabank.

EDIT

Of the 350 companies on the Forest 500 list for 2023, only 55% have set deforestation reduction targets for 2025 or earlier. 201 of the companies and financial institutions deemed to have the most influence on tropical deforestation haven’t established a single policy at all. Only 2% of companies with net-zero commitments are on track to meet their goals, the report said. That means 98% will fall short. One reason for that might be because only a handful of companies are actually monitoring their supplies or sourcing regions, the report said. Financial institutions have given around $6.1 trillion to companies involved in forest-risk supply chains, the report said. But only 58 on the list have a deforestation policy covering their lending and investments.

EDIT

https://news.mongabay.com/2023/02/companies-big-banks-are-still-lagging-on-deforestation-regulations-report/

[Magoo48]

1. Enlightened Corporate Action?

[hatrack]

2. You know - Green Capitalism! Voluntary Agreements! Optional Targets! Non-Binding Commitments!

[CrispyQ]

3. When will someone print the truth: We're not going to change. Not until it's too late, anyway.

We're not going to do anything about climate change until its too late. We're not going to do anything about deforestation until its too late. We're not going to do anything about pollution until its too late. We're not going to do anything about over population until its too late.

We need a whole new economic system & it's coming, one way or another. We could stave off the worst & work on a sustainable system that doesn't require we consume everything in sight & constant growth, or we can wait until it all collapses & a new way of doing things will be forced on us. For all our pride in our big brains, we're not making the smart choice.

Everything for profit.

[hatrack]

4. We'll keep doing what we do until we can't, and then we won't.

It's like the Warden in The Shawshank Redemption: "Nothing stops".

[Mickju]

5. Truth

[Brenda]

6. They've already admitted it's too late.

Look at the way things are reported in the media, weather news, especially on TV. At one point in the last few years there were hints of serious concern and talk of serious solutions (not bans on plastic straw shit or how to use hemp for some products that isn't even a drop in the bucket). Now, it's happy happy "Enjoy the Springlike temperatures in January Chicago, get outside!"

The American mass migration is nearing and once it begins there will be a domino effect of chaos affecting each and every one living here. Hopefully the feds have some kind of plan in place because they KNOW it's coming. Hope it's civilian FEMA based, not military.

[CrispyQ]

7. You nailed it on the American mass migration, but your last sentence made me laugh.

Not a chance FEMA will be civilian based when things go south. I'm picture the opening scene of The Running Man, with armed police shooting into rioting crowds of hungry people searching for food. Some friends had a baby about a year ago & I wonder what the area we live in is going to be like 25 years from now. I'm near Denver.

[Brenda]

8. I know, I made me laugh too.

So many disaster, dystopian, demented films and books about the future we've all seen and read that were entertaining but seemed so far-fetched now seem totally plausible if not highly likely.

I used to believe the worst would be out past 2040, probably past my existence here, but lately I'm thinking closer to 2025 the shit will really hit the fan. India losing its wheat crop this year is really bad.