More than 1.6 billion people rely solely on forests for their income, job opportunities, and commodity supply. However, the condition of forests is impacted by the rising demand for some key commodities where nearly 10 million hectares of woods are to be lost annually. There are many food items and other consumer goods that contain forest-related commodities like soy and palm oil (and its derivatives), as well as their derivatives, changing their supply chains to be more sustainable has the potential to greatly reduce deforestation and the related climate impact while supplying communities with sustainable livelihoods. Retailers, being the intermediaries between manufacturers and consumers, have the opportunity to play a key role in bringing about this transformation. In today’s newsletter, we understand why Responsible Sourcing is important, the key stakeholders it will impact and the contribution of market leaders towards the same.
