Institutional Commitments to Tackle Commodity-driven Deforestation

These leading Financial Institutions are committed to use best efforts to tackle commodity-driven deforestation impacts in their investment and lending portfolios by 2025. The commitment is focused on addressing agricultural commodities that are responsible for the lion's share of deforestation impacts: beef, soy, palm oil, pulp & paper. Their stated intention is to reduce deforestation-related risks while supporting the transition to a sustainable agricultural sector.

The signatory organisations will individually create organisational plans, milestones, and incentives to meet the proposed timelines, aligned with a Paris Agreement-compliant 1.5°C pathway. The signed commitment letter can be found here and was launched on the 2nd of November 2021 at the World Leaders Summit, at COP26 in Glasgow, Scotland.

Financial institutions can access and sign on to the financial sector commitment letter on eliminating commodity-driven deforestation. For any queries, please email: deforestationfree@climatechampions.team.