Research findings from the Accountability Framework initiative (AFi) and CDP show that companies cannot afford any more delay in tackling deforestation across supply chains, with forest-related risks identified at almost US$80bn.
Greenpeace Netherlands said that, during a period of 18 hours, over 60 activists from all over Europe, volunteering with the NGO, were able to block a mega-ship arriving in the Netherlands with 60 million kilos of soy from Brazil.
Palm oil production is set to recover next year in Malaysia, while soybean production in Brazil is forecast to reach record levels. Although, La Niña is set to play a critical part in the ultimate outcome of the latter, said the CRM Agri team.
The promise, made in a joint statement issued late on Monday at the COP26 climate summit in Glasgow, was backed by the leaders of countries including Brazil, Indonesia and the Democratic Republic of Congo.
Dutch fish feed and animal nutrition group, Nutreco, is aiming to source soy and oil palm ingredients by 2025 that are free from both legal and illegal deforestation, with the purpose of limiting its impact on biodiversity and climate change.