Keep Forests Standing
To Colgate-Palmolive, Ferrero, Kao, Mars, Mondelēz, Nestlé, Nissin Foods, PepsiCo, Procter & Gamble, Unilever, ABN Amro, Bank Negara Indonesia, CIMB, DBS, Industrial and Commercial Bank of China, JPMorgan Chase and Mitsubishi UFJ Financial Group:
Over the last decade, hundreds of major global brands and banks have made commitments to stop deforestation, peatland development and human rights abuses in forest-risk commodity supply chains, investments and financing portfolios. Meanwhile some have not even taken this first step.
Regardless of each company’s level of commitment, all have missed the mark in delivering on the goal of stopping forest destruction and respecting human rights, including the rights of Indigenous Peoples and frontline communities who have proven to be the best defenders of forests. The failure of brands and banks to effectively adopt and implement ‘No Deforestation, No Peatland, and No Exploitation’ commitments is driving ongoing human rights abuses and fueling the growing climate and biodiversity crises.
Vibrant forests, healthy communities and a stable climate are worth more than a short-term bottom line. As a matter of urgency, your company must scale up efforts to uphold rights and halt deforestation across all forest-risk commodity supply chains and financing portfolios. The planet, society, and frontline communities that are the stewards of the last standing rainforests, cannot afford further delays.