Wilmar International and nine other large global agri-business companies issued a joint statement at the World Leaders’ Summit on Forests and Land Use at COP26, committing to urgently take collective action to halt deforestation, reduce greenhouse gas emissions (GHG) and improve supply chains.
“We, ten global companies with a combined annual revenue of almost 500 billion USD and a major global market share in key commodities such as soy, palm oil, cocoa and cattle, have a shared commitment to halting forest loss associated with agricultural commodity production and trade,” the companies said at the U.N. Climate Change Conference UK 2021.
In addition to Wilmar, the other companies releasing the statement were ADM, Amaggi, Bunge, Cargill, Golden Agri-Resources, JBS, Louis Dreyfus Company, Olam International and Viterra.
“Progress must be accelerated and scaled-up to support global efforts in reaching net zero emissions globally by 2050, halting biodiversity loss, and providing sustainable livelihoods,” the companies said in a statement released at the 26th U.N. Climate Change Conference of the Parties (COP) in Glasgow.
The companies committed to releasing a shared roadmap to improve supply chain actions to improve transparency by COP 27.
In a separate statement, Wilmar said it was developing both initiatives and targets to reduce negative climate impacts from its value chain, including decreasing GHG emissions from operations and supply chains, addressing deforestation, halting biodiversity loss and improving farmer livelihoods.