Making Deforestation Due Diligence Work in Practice

Berlin, July 2024

Making Deforestation Due Diligence Work in Practice A Practical Methodology & Implementation Guidance for Financial Institutions BY CLIMATE & COMPANY, AP2, GLOBAL CANOPY

Lead Authors: Malte Hessenius (malte@climcom.org) Marc Bohnet (marc@climcom.org) Tycho Tax (tycho@climcom.org) Contributing Authors: Åsa Mossberg (AP2) Fiona Pedeboy (Global Canopy) Helen Bellfield (Global Canopy) Pei Chi Wong (Global Canopy) Version 1.0

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Making Deforestation Due Diligence Work in Practice

Published on Jul 1, 2024

Climate & Company

Various open-source providers make extensive data on companies' actions on deforestation available. Yet, financial institutions report that it remains challenging and resource-intensive for them to identify and mitigate deforestation risks in investment portfolios. The new practical guide responds to this challenge, as the financial sector is increasingly committed to addressing its role in deforestation, a major driver of biodiversity loss and climate change. It is ready for implementation as the guidelines are complemented by an online code repository with a (limited) open-source dataset that financial institutions can use and adapt. The methodology is unique because it can be applied to the entire investment universe, incorporates state-of-the-art deforestation data and includes asset location data linked to deforestation hotspots.

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