As a new European Union zero-tolerance deforestation law looms, several major investors are becoming concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains.
The EU agreed in December a new rule to prevent companies from selling into its market coffee, beef, soy, rubber, palm oil and other commodities linked to deforestation. Companies must prove their supply chains aren’t contributing to the destruction of forests or be fined up to 4 percent of their turnover in an EU member state. Click here to read more. The featured aerial is of deforestation in the Amazon, taken by Sentinel Hub, CC by 2.0