- The world’s 13 largest commodities traders have pledged to act on deforestation caused by commodities they control.
- Trading with tens of thousands of farmers around the world, no solution to deforestation is envisageable without them.
- ESG finance could be one solution to the need to provide transition funding to farmers.
Last year, CEOs from the world’s 13 largest commodity trading companies, including Cargill, Bunge, ADM and Louis Dreyfus Company, announced at the United Nations climate conference ambitious commitments to tackle deforestation. And, right now, they are working on the roadmap for how they’ll get there. These companies control the market share of commodities with high deforestation risks, like soy, cattle, cocoa and palm oil, and have combined annual revenue of almost $500 billion.
Given deforestation is responsible for approximately one-eighth of all greenhouse gas…
