Norway is now the first country committed to the zero deforestation, which precludes deforestation in public procurement. Any companies related to deforestation will not be able to have contract with the Norwegian government. For crops associated with large-scale rainforest destruction like soy, timber, palm oil and beef, if they are to be procured by the government, they will have to be produced in a sustainable way. In addition, now there are recommendations for Norway’s Government Pension Fund Global (GFPG), the largest sovereign wealth fund in the world, to consider biodiversity when making investment decisions.

Norway’s Government Pension Fund Global (GPFG), which manages $828 billion worth of funds, released its annual report for 2015 today, revealing that six palm oil companies, four pulp and paper companies, and one coal company were dropped from its investment portfolio. Lars Løvold, director of the NGO Rainforest Foundation Norway, said that the GPFG’s actions show that companies involved in deforestation risk being cut off from international investment.