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Global Canopy has published the fourth annual Forest 500 Report, and in it researchers reveal that a number of major corporations and financial institutions are set to miss their 2020 zero-deforestation targets.

Researchers found that industrial agricultural production causes nearly three-quarters of tropical deforestation, and today global tree cover loss continues to rise. However, in-spite of these trends, the latest report suggests that many massive companies from a range of sectors – paper, palm oil, timber, soy and livestock – are “acting too slowly” when it comes to addressing the issue of deforestation. Thus, “At the current rate, the companies and financial institutions with the greatest influence on forests will fail to adopt adequate policies, or implement these policies by 2020”.

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