Assess impact & risk: forests
One of the first steps of managing deforestation in corporate supply chains is getting a sense of where it is likely occurring. Commodity-driven agriculture is the main driver of permanent tree cover loss globally, and accounts for over 60 percent of deforestation in Latin America and Southeast Asia. Beef, soy, palm oil, and pulp and paper products are the major commodities driving deforestation in these regions. If a company’s supply chain includes these commodities, we recommend working with existing tools and your procurement teams to understand where you have deforestation risk and how to manage it.
There are many tools that can help with this process.
Global Forest Watch
Global Forest Watch (GFW) is an online platform that provides data and tools for monitoring forests. By harnessing cutting-edge technology, Global Forest Watch allows anyone to access near real-time information about where and how forests are changing around the world.
Trase provides data at scale, free-of-charge, to comprehensively map supply chains for key commodities from entire countries and regions. By 2021, Trase aims to map the trade of over 70 percent of total production in major forest risk commodities, catalyzing a transformation in supply chain sustainability.
SCRIPT (Soft Commodity Risk Platform) is a new freely-available system to help financial institutions understand and mitigate the deforestation risks associated with financing companies in soft commodity supply chains. The platform provides unrivaled tools and guidance for financial institutions to establish a robust sustainable financing policy and screen their portfolios to determine the companies and issue areas that pose the greatest risk to their institution.