Search Climate Insights Directory

The 2017 update to the New York Declaration on Forests Goal 2 assessment finds that while corporate commitments to reduce deforestation in agricultural supply chains are increasing, their scope and ambition remain variable. Progress is most evident in the palm oil and timber sectors, where certification standards are more prevalent, while the cattle and soy sectors lag behind. Although traceability systems are improving—with 81% of producer companies having them in place by 2016—many companies still struggle to verify if their supply is free of converted High-Conservation-Value (HCV) or High-Carbon-Stock (HCS) forests. Financial institution engagement remains limited, and direct data on the impact of these commitments on deforestation rates is currently unavailable, though new monitoring tools like GFW-Commodities and Trase are being developed.