2023 Progress Update
Since the launch of the Agriculture Sector Roadmap to 1.5°C at COP27 in 2022, the signatories have been implementing the roadmap individually and collectively, working as a sector and collaborating with relevant partners to advance roadmap goals.
See here for a compilation of relevant updates from the companies.
In the run up to COP26 in Glasgow, the US and UK governments convened 13 of the worlds largest agricultural trading and processing companies and helped catalyse a Joint Statement issued by the companies, committing them to delivering a shared Roadmap for accelerated action within their supply chains to halt commodity-linked deforestation in line with a 1.5°C pathway.
In 2022, TFA facilitated 14 agri-commodity traders to develop an Agriculture Sector Roadmap to 1.5°C, which was launched at COP27. The three pillars of the Roadmap identify
Pillar 1: actions companies must take in their individual supply chains to reduce emissions from land use change
Pillar 2: the role companies play in supporting the transition to forest positive land use management and commodity production in landscapes
Pillar 3: how the companies will work with other stakeholders to support forest positive sector transformation.
The companies are now working individually and collectively through platforms including but not limited to the Soft Commodities Forum and the Palm Oil Collaboration Group, to implement actions laid out in the Roadmap and to meet their individual targets.
As part of TFA’s broader efforts to support the sustainable transition of the soy, cattle and oil palm sectors, TFA continues to work with these companies on pillars 2 and 3, to strengthen the enabling environment by facilitating dialogue with other stakeholders, including governments, supply chain and financial services companies and civil society.
Specific areas of focus are mobilising support to smallholders in the oil palm sector, addressing the traceability gap in the cattle sector and protecting non-forest ecosystems, particularly in the soy sector.
The signatories are ADM, AMAGGI, Bunge, Cargill, COFCO International, Golden Agri-Resources, JBS, Louis Dreyfus Company, Marfrig, Musim Mas, Olam Agri, Olam Food Ingredients (ofi), Wilmar International and Viterra.
The Roadmap is a company-owned Roadmap and represents the collective work of the 14 signatories. TFA, with support from WBCSD, facilitated the companies with their development process.