The fight against climate change will not be won without addressing deforestation. Keeping tropical forests standing could provide up to 30% of the mitigation needed to combat climate change.
The latest SPOTT assessment of 100 of the most significant tropical timber and pulp companies, published by conservation charity ZSL, shows that:
• Over half (54%) do not publicly commit to protect biodiversity (49/90 companies)
• 44% have yet to publicly commit to zero-deforestation
Investors are showing an increased concern for the social impacts of deforestation and how it can affect local communities and indigenous peoples, who depend on forests for their livelihoods. This means companies in the timber and pulp sector which do not protect our forest resources may be exposed to financial and reputational risk. An increasing number of financial institutions and major brands are adopting commitments to address deforestation in their portfolios and supply chains, but more action is needed.
This webinar, hosted by the CFA Institute in collaboration with ZSL SPOTT will help financial sector practitioners understand the main ESG risks posed by the timber and pulp industry. Speakers will discuss the challenges and opportunities they meet in the implementation of sustainable planting and forest management practices.
Date: September 1, 2020
Time: 17:00 - 18:00 (GMT+8)
Professional learning credit: 1