Many companies and finance firms yet to set deforestation policy - report

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Almost half of the companies most reliant on the commodities responsible for deforestation, and the financial firms that back them, have no policy to rein it in, a report on Wednesday said.

Analysis by non-profit Global Canopy of 350 companies with the greatest exposure to palm oil, soy, beef, leather, timber and pulp and paper, and 150 banks and asset managers which lend to or invest in them, showed 201, or 40%, had no such policy.protect biodiversity

, and as policymakers in the European Union and Britain plan tougher rules to force companies to do more to stamp deforestation out. Global Canopy said 100 of the companies had a deforestation commitment in place for all of the commodities to which they were exposed, up from 99 last year, yet only half were checking to ensure the policies were being followed.

 

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Would it need global policy to require them to make such or would national policies/laws suffice and be a viable option? For example, only importing products with digital passports that enable traceability to phaseout deforestation-associated beef.

All driven by global human overpopulation. We all use products of deforestation; there are simply billions too many of us.

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