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.
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”.
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.
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.