The 2020 New York Declaration on Forests deadline is only a year away, but not one of the companies and financial institutions assessed in the Forest 500 ranking is set to meet this goal.

Global Canopy publishes the Forest 500 annually as a ranking of the forest-risk commodity policies of the most influential companies and financial institutions acting in the global palm oil, soy, cattle and timber supply chains. Of the 350 companies assessed, 164 have committed to ambitious targets to reduce deforestation by 2020, in line with the goals set by the New York Declaration on Forests (Goal 2) and by the Consumer Goods Forum.

However, many of these companies do not appear to be implementing them across their supply chains. Over 40 per cent of the Forest 500 is still yet to make commitments to tackle the deforestation that they are linked to.

Share Story: