Manufacturers behind producers in tackling deforestation, report finds
- Business & Industry ,
- Products ,
- Ecosystems ,
- Biodiversity ,
- Natural resources
Companies are increasingly aware of opportunities presented by tackling deforestation, but are hindered by inconsistencies across their supply chains, according to the Carbon Disclosure Project (CDP).
The NGO analysed disclosures from 152 companies including Asia Pulp and Paper, Cargill and Unilever who responded to its request for information on deforestation and commodities such as timber on behalf of investors.
Nearly 90% of respondents on forest-risk identify opportunities from the sustainable sourcing of key commodities. However, companies across commodities and supply chains are inconsistent in assessing and acting on risks that could negatively impact their businesses if unaddressed, the analysis found.
For example, where 83% of producers identify risks associated with soy, one of the four agricultural commodities driving global deforestation, only 35% of manufacturers spot the same risk, said the CDP.
“Different parts of the supply chain are moving at different rates to tackle the issue,” said Paul Simpson, chief executive officer at CDP. “Leading companies are those that are bringing their supply chains with them.”
Businesses that fail to act on deforestation could be left at a commercial disadvantage to their competitors, who may benefit from “increased brand value and securing the best suppliers,” said Katie McCoy, head of CDP’s forests programme.
Investor-led pressure on supply chain security is part of a changing long-term economic outlook companies must face, according to the CDP. This is reflected in the demand for corporate disclosure through CDP’s forest program, which has increased by 30% since 2013.
Among UK companies responding to its survey, the CDP lists British Airways, Sainsburys and Boots. Those who did not respond include PZ Cussons, the Co-Operative and United Biscuits.
Demand for fossil fuels will peak by 2025 if all national net-zero pledges are implemented in full and on time, the International Energy Agency (IEA) has forecast.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.