After a marked deforestation slowdown over the past decade or so, tropical forests are under threat again, with the Amazon a primary target. In this context, agribusiness giant Archer Daniels Midland is emerging as a powerful force to counter the trend throughout the whole South American continent. The group is committed to work with independent third-party the Forest Trust in order to clean up its soy and palm oil supply chains. Its No Deforestation initiative announced this week comes on the heels of a shareholder resolution filed by the New York State Common Retirement Fund and other investors. We’re encouraged to see big money used for good. Let’s have more environmentally responsible investors and their corporations follow in those footsteps.
ADM to fight deforestation in South America through its suppliers
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