We must battle deforestation together because not only is it the leading cause of declining global biodiversity (over 50% since 1970), it’s also responsible for approximately 20% of global greenhouse gas emissions. While the forestry sector may be the better known cause, agriculture is responsible for 85% of global deforestation, with many of the byproducts ending up in your supermarket. Rainforests, jungles and other valuable wooded areas are threatened for plantations of palm oil, an edible byproduct found in a great number of foods and household products. Along with palm oil, soy, forest products, and beef are responsible for approximately half of all tropical deforestation. This situation is intensifying, as demand for food commodities is expected to nearly double by 2050.
Most of the deforestation impacts of large companies are in their supply chains, where there is very little public transparency. Forest 500, a project of the Global Canopy Programme, identifies the 500 global companies who have the most power to combat this issue in their operations and supply chains. Forest 500 then ranks each company on a scale of 1-5, depending on their anti-deforestation policies and actions (or their lack thereof). If you select this screen, OpenInvest divests you from any company with a rank lower than 3.