The world lost nearly 4 million hectares of primary tropical forest in 2021 alone, an area roughly the size of Switzerland.
Global corporate powerhouses such as Amazon.com, Walmart and Unilever are some of the largest users of forest products to pack and transport their globe-circling supply chain and shipments. The companies and their broader environmental alliance also realize they’ll have to do more to limit deforestation and help offset the carbon emissions their operations cough up.
But lack of cohesion across multiple efforts has been a stumbling block and has influenced environmental groups to argue such offsets can mislead, or simply greenlight more fossil-fuel burning CL00, +0.15%. The efforts matter because the world lost nearly 4 million hectares of primary tropical forest in 2021 alone, an area roughly the size of Switzerland.global climate, biodiversity and sustainable development goals. In edition to sustainable economic benefits, maintaining forests helps absorb emissions and keeps a vital dividing line between manmade development and the natural world, a protective gap that will continue to play a role in stopping the spread of viral disease, including COVID-19.
The LEAF approach requires reporting standards meant to improve transparency. Further, its corporate members must publicly commit to science-based emissions targets and set 2050 net-zero targets across scope 1, 2 and 3 emissions. Scope 3 are the most challenging emissions to track as they can be produced all along the supply chain, including by customers. The year 2050 is a common target championed by the U.S., major European countries and most large economies.
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