Protecting forests by catalyzing corporate and financial reforms
Organization
Climate Advisers TrustWhy
The production of agricultural commodities such as soy, cattle, palm, coffee and cocoa are known drivers of deforestation, as more than 70 percent of global deforestation is attributable to clearing land to produce commodities. Much of this deforestation is done illegally, enabled by the interests of companies and investors, and sometimes leading to the displacement of indigenous peoples and other vulnerable forest-dependent communities.
What
Budget
75 000 000 NOK for the period 2019-2020.
Success on climate change depends on stopping deforestation, which in turn depends on creating more transparency and accountability, as well as convincing investors and other key stakeholders to act on new insights that emerge from better data and analysis. CAT’s project works with various groups of civil society and private sector to create transparency about the different actors that are responsible for deforestation, demonstrate that investments in deforestation-based agriculture involve previously invisible but material risks for investors and companies, and to increase legal accountability for illegal acts surrounding deforestation.
CAT will develop a database where anyone can access information about companies, individuals, banks, investors and products that are associated with deforestation. The project is further working on conducting analysis and outreach to engage and try to shift financial investors from the worst actors of deforestation, and to create disincentives for financing and conducting illegal activities in the forest and land sectors.
Expected Results
The planned effect on society is that deforestation is reduced in select NICFI priority countries. The intended target groups are companies and investors.
The expected outcomes are that
- Private sector is working against deforestation
- Equity values of less sustainable deforesting agricultural commodity producers decline
- Investors have divested from agricultural commodity producers involved in deforestation in select NICFl Priority Countries
Partners
World Resource Initiative, Global Forest Watch,
Geography
Global, Colombia, Indonesia and Peru
About the project descriptions
The project descriptions give insight in the NICFI portfolio for civil society organisations supported by Norad.
The descriptions presented are written by the project partners. Only minor edits have been undertaken by Norad. Their presentations and conclusions do not necessarily reflect the views of Norad.