Press Release: World’s Leading Consumer Goods Companies Put Transparency and Transformation at Forefront of Latest Deforestation Report
The Consumer Goods Forum’s (CGF) Forest Positive Coalition of Action has today released its second Annual Report, sharing the Coalition’s progress on commitments to remove deforestation, forest degradation, and conversion from key commodity supply chains.
Launched during an event at New York Climate Week, the report features new data to demonstrate collectively how all Coalition members are reporting on 62% of the Coalition’s ambitious set of Key Performance Indicators (KPIs).
As the world’s leading initiative of consumer goods companies taking collective action for a forest positive future, representing a market value of more than USD 2 trillion, the report demonstrates the positive impact of continued collaboration to tackle deforestation, as well as encourages businesses and stakeholders to continue and accelerate efforts, particularly around supply chain transparency and public disclosure, towards a forest positive future.
Highlights of this new publication, entitled “Driving Transformational Change Throughout the Value Chain,” include:
- Building trust and transparency. The Coalition has advanced on its objective to create a stronger culture of transparency in the consumer goods industry by strengthening disclosure rates for the KPIs introduced in 2021 – a critical part of increasing transparency and measuring progress – and also introducing new metrics for evaluating progress across other areas of action. As a result, all Coalition members are now collectively reporting on 62% of the total deforestation metrics, with 10 companies reporting on at least 75% of the KPIs across commodities. This includes a 6% increase in collective disclosure rates between 2021 and 2022 on the original set of KPIs from 2021 for the 20 returning Coalition members.
- Evaluating performance and aligning methodologies. Coalition members have started to share their performance reporting against important metrics such as the percentage of their supply from high-risk/high-priority for deforestation regions, and the performance of upstream suppliers’ against the Coalition’s Forest Positive Approach. Members also share their methodologies for reporting on each KPI, a critical step in aligning methodologies for calculating metrics so that the Coalition can accurately evaluate members’ individual and collective performance.
- Expanding commodity focus. After its conception, the Coalition decided to expand its commodity focus to include beef and other cattle-derived products. The Coalition launched its first version of the Beef Roadmap earlier in 2022, a major milestone built on collaboration and dialogue between Coalition members and Brazilian meatpackers and civil society organisations to align and accelerate actions in this sector which is at high-risk for deforestation and conversion.
- Transforming production landscapes. At COP26, the Coalition launched its ambitious strategy for transforming production landscapes to forest positive by 2030, in areas equivalent to the Coalition’s collective production base footprint. This strategy includes a learning phase to introduce the concept of investing in production landscapes to some companies and strengthen others’ existing knowledge; it also requires all members to invest annually in initiatives that drive people, climate, and nature positive outcomes.
- Leading collective action. The Coalition has continued to work with more than 200 stakeholder organisations from civil society, across the supply chain, production landscapes, and multiple levels of government to build its strategies, evaluate performance, and create the enabling environments necessary for forest protection, conservation, and restoration. Furthermore, the ongoing collaboration between Coalition members and other CGF Coalitions has continued to be a source for learning, progress, and action.
The publication of today’s report follows the release of the Coalition’s first-ever Annual Report in 2021, which provided a baseline analysis of members’ disclosure rates against their new, ambitious Key Performance Indicators. The latest report includes a progress update on this initial analysis, demonstrating increased disclosure rates against existing KPIs, and providing a baseline measurement of disclosure rates for new KPIs.
Photo courtesy of mad mags.
Source: PR Newswire (link opens in a new window)