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.

Why now? 

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 Opportunity

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, Olam Group, ofi (olam food ingredients), Wilmar International and Viterra.

Approach 

The roadmap is being developed through a collective process with the company signatories, facilitated by TFA and WBCSD. To ensure the roadmap is credible, science-based and reflects best practice, the broader stakeholder community is being engaged for input and technical expertise, and to identify opportunities for collaboration on implementation.

The Roadmap

The roadmap will be structured around three pillars:

  1. Accelerate supply chain action by reporting progress against commodity-specific implementation plans. 
  2. Raise climate ambition by accounting for and reducing emissions from land use change as part of an overall 1.5°C emissions reduction trajectory.
  3. Support forest positive sectoral transformation through collaboration with key stakeholders including governments, other supply chain actors and the finance sector to drive sector transformation and shared responsibility to address root drivers of commodity-driven deforestation and secure future supply.

 

Find Out More

Please contact tfa@weforum.org for more information.