“2023: A watershed year for action on deforestation – For nine years, Global Canopy’s Forest 500 has tracked the policies and performance of the 350 most influential companies and 150 financial institutions linked to deforestation in their supply chains and investments. We are three years past the 2020 deadline that many organisations set themselves to halt deforestation, and just two years away from the UN’s deadline of 2025 for companies and financial institutions to eliminate commodity-driven deforestation, conversion and the associated human rights abuses. A step that is essential to meeting our global net-zero targets and averting catastrophic climate change. Yet, 201 (40%) of the companies and financial institutions in the Forest 500 still haven’t set a single policy on deforestation.”