Leveraging Investor Influence to Address Deforestation
Globally, agricultural supply chains are major contributors to greenhouse gas (GHG) emissions, forest destruction and other negative land impacts. In order to avoid the most catastrophic effects of climate change, curbing emissions from the agriculture sector will be critical to achieving global GHG reduction goals. Second only to the energy sector – and higher than all European Union countries combined – agriculture and associated deforestation accounts for 19-29% of global GHG emissions.
If we are to curb emissions and limit global warming to 2 degrees Celsius, agricultural companies and their investors must address tropical deforestation driven by key commodities such as soy, beef, palm oil, and cocoa.
10 566 000 NOK for the period 2019-2021.
Ceres aims to build upon our strong track record working with investors and companies to spur commitments that reduce GHG emissions by increasing corporate demand for sustainably-produced commodities.
Mobilizing investor influence will be a key mechanism to spur company implementation of new and existing commitments to source sustainable palm oil, cattle and soy.
In tropical countries, a major driver of deforestation is the economic incentive to cut and burn forested areas to convert land for agriculture. Ceres aims to change this paradigm – by working large corporations and companies throughout the supply chain on moving from commitments to implementation metrics to address the material business risks from deforestation.
The expected impact on society is lasting reductions in greenhouse gas emissions from deforestation, as a result of companies throughout the supply chain improve implementation of zero deforestation commitments.
- A global cohort of investors engage companies with exposure to cattle, soy and palm oil on the implementation of commitments to eliminate deforestation from supply chain
- Supply chain actors evaluate supplier incentives and address supplier non-compliance across the beef, soy, palm and cocoa value chains
- Companies improve forest protection practices as a result of investor engagements
Global, Brazil, Indonesia
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The project descriptions give insight in the NICFI portfolio for civil society organisations supported by Norad.
The descriptions presented are written by the project partners. Only minor edits have been undertaken by Norad. Their presentations and conclusions do not necessarily reflect the views of Norad.