Addressing Deforestation Through Sustainable Finance: Trends in Standards and Certification
The Workshop, which was organized by the Rainforest Alliance and Citi and received support from Imaflora and the Cornerstone Capital Group, took place in São Paulo, Brazil, on April 24, 2015. The purpose of the workshop was to build a learning opportunity for the Brazilian and international banking industry, corporate supply chain participants and certification systems.
Those present had a chance to learn from experts, and from each other, about the role that standards and certification can play in the financial and corporate sectors within Brazil to limit deforestation in supply chains. The aim of the workshop was to share information and assess the level of use and interest among banks and corporations in international initiatives such as the Banking Environment Initiative (BEI) and Consumer Goods Forum (CGF), as well as commodity certification. Cattle and soy supply chains, and related sectors, were of particular interest given their dominant role as one of the main drivers of widespread deforestation, as well as their importance as export commodities in Brazil.