Global Canopy

'We need to spread action on #deforestation across the entire finance sector and stay focused on it." Niki Mardas, our Executive Director, breaks down the significance of London Climate Action Week & announces DEFT Pathway, which will help financial institutions to better engage with portfolio companies 💼 DEFT Pathway, launching in beta later this year, aims to drive aligned engagement from the finance sector on companies, in order to shift deforestation out of their supply chains. It is also a pathway for better integration with #climate and #nature transition frameworks 🌳 #LCAW2024 Nature4Climate Find out more: deftpathway.org

#HiringNow! 💸 We have a new and exciting role to manage institutional grants - a core part of Global Canopy’s income. You will report to the Director of Income and work closely with the Programmes Teams to identify new institutional funding opportunities, including maintaining strong relationships and excellent standards of reporting. 📅12 August 2024, 09:00 BST 📍 Oxford, with flexible home working 💷 £40,000 - £45,000 per annum 📑 If you are a highly organised and proactive team player with strong communications skills, apply now ⤵   https://lnkd.in/eJ7RzZ47

🌳 How to make a pension fund deforestation-free? Swedish pension fund Andra AP-fonden (AP2) worked with Climate & Company to conduct due diligence across their entire equity portfolio in order to meet their commitment to a portfolio free from commodity-driven #deforestation by 2025. 📑 The approach - documented in a report to help other financial institutions move forward on deforestation due diligence - used Deforestation-Free Finance guidance developed by Global Canopy, Neural Alpha and the SEI — Stockholm Environment Institute. The finance sector is key to the production and trade of commodities that drive #nature loss. With more practical guidance to support nature-related assessments and engagement processes, financial institutions now have the power to shift the flow of finance towards #sustainable business practices. 💡 Find out more about the step-by-step methodology adopted by Climate & Company and Andra AP-fonden (AP2): https://lnkd.in/ewKccR7R

🌳 In 2014, 11% of financial institutions had at least one publicly available #deforestation policy. A decade later, now  45% have at least one publicly available policy. There has been notable - though slow - progress in 10 years, but we’re in trouble if it takes another decade for the majority of the financial institutions to act on deforestation. Financial institutions have a critical role to play in eliminating deforestation, conversion and associated #humanrights abuses. But as of October 2022, the 150 Forest 500 financial institutions provided $6.1 trillion to the 350 Forest 500 companies. 🏦28 financial institutions that have been included in the Forest 500 every year since 2014 still do not have a public-facing deforestation policy, including BlackRock, Vanguard and T. Rowe Price. Regulation is essential for the finance sector as financial institutions have consistently shown that there is no imperative to act on deforestation.  📑 Have you read our Forest 500 report yet? https://lnkd.in/ex8MCyT3

✉️ In this Data for nature newsletter, learn about: 🌳DEFT Pathway announced at London Climate Action Week 💡New Trase - Intelligence for sustainable trade research on the UK and the EU's #deforestation exposure and more! ⤵ #LCAW2024 #HumanRights #UK #EU

🌳 Human rights abuses are intrinsically linked to #deforestation. Join our webinar ‘The human rights blindspot in deforestation action’ on Wednesday 24 July to learn more about: ▶️On-the-ground impact of ignoring this critical link ▶️Importance of commitments on Free, Prior and Informed Consent (FPIC) and respecting customary rights to land, resources, and territory ▶️Data on laggards among financial institutions and companies ▶️Recommended actions for companies, financial institutions and policymakers Register now ➡️ https://lnkd.in/etE-nJ5Y ⬅️ to hear from these experts: Adriana Ramos | Instituto Socioambiental (ISA) Cathal Doyle | Forest Peoples Programme  Emma Thomson | Forest 500, Global Canopy  Moderator | Yula Rocha | People's Palace Projects

⌛“Time-bound transition plans for action are a reality for the leaders now and a non-negotiable must-have for everybody else.” #Deforestation is a vital bridge between the intertwined #climate and #nature crises. As climate transition planning takes centre stage, very serious efforts are underway to codify the contribution of nature in climate transition plans. 🌳“Tackling deforestation can and must be at the heart of joined up action on the climate and nature agendas,” says Niki Mardas, our Executive Director. The Deforestation-free Transition Pathway (DEFT) ▶️deftpathway.org◀️, is a vital part of the process enabling financial institutions to engage with companies on deforestation, offering an opportunity to progress on both fronts at once. London Climate Action Week #LCAW2024 #ClimateAction Nature4Climate Read more: https://lnkd.in/deNBqu6W

🌳 How can Trase help companies, governments and civil society implement the European Union Deforestation Regulation (EUDR)? It is a question that our co-directors Helen Bellfield and Toby Gardner are asked regularly. 🔍 There are five main ways Trase can and cannot be used: 1️⃣ Trase can be used to inform risk-based plans to target enforcement checks by competent authorities. 2️⃣ Trase can be used to evaluate the impact of the regulation and provide evidence for planned reviews. 3️⃣ Trase cannot be used by operators and traders to demonstrate compliance in terms of traceability to plots of land. 4️⃣ Trase can be used by operators and traders as one source of evidence in the risk assessment step of the due diligence process (but other data sources would be needed). 5️⃣ Trase data can be used by civil society to help hold governments and companies accountable for effectively implementing the EUDR. Find out more here ▶ https://lnkd.in/dW_5fycf #EUDR #EuropeanUnion #Deforestation

🎉 We are a finalist in the 2024 Global Good Awards. Forest IQ has been nominated as a Finance Player of the Year!   The partnership initiative between Global Canopy, SEI — Stockholm Environment Institute (SEI), and Zoological Society of London (ZSL) provides open data alongside a tailored offering for financial institutions to enable their transition to deforestation-free financial portfolios. 🌳 🤝Congratulations and good luck to the other inspiring nominees as well: Patron Capital, Triodos Bank, Octopus Electric Vehicles, Generate, esVolta, LP, U.S. Bank The winners will be announced on October 3 🥳 Find out more here: https://lnkd.in/eYwP-axG

"DEFT Pathway builds on existing tools and is a one-stop shop platform to close one of the last gaps for private sector action to halt #deforestation." Sue Reid, Climate Finance Advisor to Christiana Figueres, Global Optimism, shares how DEFT Pathway - developed with an ethos of radical collaboration - has tremendous potential to catalyse deforestation-free value chains. Leading institutions and experts working to end market-driven deforestation announced DEFT Pathway at Nature4Climate’s Nature Positive Hub at London Climate Action Week two weeks back. More details here: deftpathway.org #LCAW2024 #Finance #Forest #ClimateChange