According to Global Canopy’s 9th annual Forest 500 report, 40% companies and financial institutions have yet to set a single policy on deforestation. On top of that only half of companies with commitments are actively monitoring their suppliers and/or sourcing regions to track whether activity is aligned with their policies.

Why should companies set policy on deforestation?

Forests are essential for the survival of many species of plants and animals, and they also provide numerous benefits to humans, such as regulating the climate, protecting soil and water resources, and providing timber, non-timber forest products, and recreational opportunities.

According to the United Nations’ Food and Agriculture Organization (FAO), the world’s forests shrank by 178 million hectares (439 million acres) between 1990 and 2020. That’s an area larger than the size of Libya.

SDG 15 aims to “protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss”.

Mitigating deforestation in supply chains: the root to success…

To ensure the sustainability of our forests, it is important to manage them effectively and prevent illegal logging and deforestation. This is where supply chain software can be helpful. Authenticate supply chain transparency software provides, companies with the tools to see, monitor and prevent a range of environmental and social risks, including deforestation.

  • Supply Chain Mapping: Track the origin of their raw materials and products and identify any suppliers that are contributing to deforestation. By mapping supply chains, companies can gain greater visibility and take action to address any deforestation issues.
  • Digital Audits and Assessments: Send customisable assessments to suppliers to capture and analyse compliance and risk data concerning deforestation. By doing so, companies can track supplier assessment status and review results real-time.
  • Product Specifications: Identify the commodities present within a raw material as opposed to the sources. By providing detailed information about the sources of their products, companies can identify areas where there may be a high risk of deforestation and take steps to address these risks.
  • Document Manager: Collect and share deforestation policies with suppliers in your supply chain in one central environment to maintain expectations within trading arrangements.
  • Dashboards: Integrate data from all Authenticate modules and verified third party data sets within customised and standardised dashboard to access real-time data on supplier performances’ , including forest management practices, land use change, and deforestation risk. This information can help companies identify high-risk suppliers and take action to mitigate their impact on deforestation.

Is your business ready to increase deforestation risk visibility with our collaborative, transparent platform this International Day of Forests and beyond? Get in touch with the Authenticate team for more information and support.

For more information on the Authenticate platform or to discuss your challenges and requirements, get in touch with the team.