The Tropical Forest Alliance (TFA), together with the World Business Council for Sustainable Development (WBCSD), is facilitating the efforts of thirteen of the world's largest agricultural trading and processing companies to deliver a high ambition roadmap for the agri-commodity sector by COP27. The roadmap will outline how these companies will accelerate action within their supply chains to halt commodity-linked deforestation in line with a 1.5°C pathway, as indicated in their Joint Statement made at COP26.
Coming out of COP26, where many stakeholder groups made significant commitments to advance the forest and land use agenda, the linkage between deforestation and climate change has never been clearer. According to the IPCC, agriculture, forestry and other land uses contribute approximately 23 percent of greenhouse gas emissions caused by humans, and deforestation is a significant part of scope 3 emissions for the sector. The latest research shows a stark reality: without halting deforestation by 2030 at the very latest, with significant reductions by 2025, there is no pathway to the 1.5°C target set out in the Paris Agreement. This roadmap aims to accelerate existing action by the agri-commodity sector on deforestation to align with global climate goals, in a way that contributes to food security, economic development and farmer livelihoods.
The thirteen agricultural trading and processing companies who signed the Joint Statement at COP26 represent a combined annual revenue of over $500 billion and hold significant market shares of commodities associated with land use change, including cattle, cocoa, palm oil and soy. Building on the extensive actions already taken by this group of companies, and additional concrete actions including collaborations with other stakeholders, will make a significant contribution to a 1.5°C future.
The signatories are ADM, AMAGGI, Bunge, Cargill, COFCO International, Golden Agri-Resources, JBS, Louis Dreyfus Company, Marfrig, Musim Mas, Olam Group, Olam Food Group (ofi), Wilmar International and Viterra.
The Roadmap is a company Roadmap and represents the collective work of the 14 signatory companies. TFA, with support from WBCSD, facilitated the companies with their development process.