A new CDP study released that a substantive portion, 24% on average, of the revenue of 187 international companies depend upon commodities linked with deforestation, which are cattle products, palm oil, soy and timber products. Moreover, only about 40% of the studied companies have evaluated how the availability or quality of these commodities can impact their business growth strategy over the next five or more years. However, on the positive side, more and more companies become to recognize the benefits in scaling up their forest-protection efforts.

Travis Perkins have been recognised for their efforts in eliminating destructive deforestation from their supply chain. The award for most improved company was given by CDP as part of their 2014 global forests report, ‘Deforestation-free supply chains: From commitments to action’. The report, set against the backdrop of September’s landmark New York Declaration on Forests, recognises ongoing improvement in removing deforestation from agricultural supply chains by 2020. Jez Cutler, head of group environment at Travis Perkins Group – and a guest speaker at our 2011 PREPS Seminar – said,
“We are delighted to be recognised as the most improved company in our industry in reducing reliance on forest risk commodities in the supply chain.
“This is a result of our continuous efforts to improve environmental excellence and sustainability throughout our organisation and our activities. We will continue to aim for further improvements and transparency as well as engagement with important organisations such as the CPD, who support this agenda.”