Zero deforestation initiatives and their impacts on commodity supply chains
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Countries and companies alike are entering into commitments to curb deforestation. The 2014 New York Declaration on Forests targets globally halving natural forest loss by 2020 and reaching zero natural forest loss by 2030. It was endorsed by 37 national governments and 53 companies. Despite much early action, it remains yet to be seen whether zero deforestation can create future impact on the ground. Even if companies comply with commitments, large-scale impact may require governments to engage . The downside to the tremendous current momentum around zero deforestation is the risk of awful future disappointment if it fails to deliver progress. For the zero-deforestation movement to succeed, clarity is needed on the zero-deforestation concept and the best way to operationalize pledges. The paper discusses definitions and implications across supply chains and commodities. It highlights the contribution of governments in bringing zero deforestation to scale and safeguarding its benefits.