Dear NYDF Endorser,
As a private sector endorser of the New York Declaration on Forests (NYDF), we know that your company is committed to eliminating deforestation from agricultural commodity supply chains, such as palm oil, soy, paper and beef products as part of Goal 2 of the NYDF. We are writing to inform you of two recent updates: the 2020 Forest 500 findings and the NYDF Refresh process.
Each year, Global Canopy ranks the 500 most influential companies and financial institutions on tropical deforestation and publishes the results in its “Forest 500” report. The report gives each company or financial institution a score based on the strength of their deforestation commitments and policies, and on the evidence provided on the company’s website of their approach to implementation and progress made.
Considering most NYDF company endorsers are included in the Forest 500 report, we wanted to inform you of the latest rankings, which were released on 26 January 2021. You can also listen to the discussion of the key findings from the Forest 500 webinar here. Despite the 2020 deadline for Goal 2 of the NYDF, the new Forest 500 rankings show limited progress. Too many companies are still not prioritising action on deforestation. Clearly something needs to change, and we also believe there are opportunities for the finance sector and consumer governments to do more to drive progress towards deforestation-free supply chains.
Please see www.forest500.org to review your ranking and see here the full assessment methodology. You can also register for a webinar on Tuesday 9 February at 14:00 (GMT), hosted by Global Canopy, to explain the company assessment methodology here. Please get in touch with forest500@globalcanopy.org if you have any questions about the report.
As NYDF endorsers, your commitment, actions and collaboration are needed more than ever, and we hope you will continue to engage with the NYDF Platform to share your progress and challenges in meeting the goals of the NYDF. The NYDF Global Platform has launched a Refresh process to revise the Declaration and Action Agenda and ensure the NYDF continues to increase ambition and political will to meet the 2030 goals. This refresh will address gaps, strengthen the core value of the goals, incorporate lessons learned to date, and ensure alignment with other post-2020 frameworks. The NYDF Global Platform is also using this opportunity to upgrade its guidance and support to endorsers and will be reaching out soon with a broader approach of support going forward.
Please email madeline.craig@undp.org for questions about the NYDF Refresh or to discuss opportunities to engage with the NYDF Platform and strategies to meet the NYDF Goals.
Sincerely,
The NYDF Platform Secretariat
UNDP – Meridian Institute – Climate Advisers
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