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One of the biggest stories of 2020 was the rise of the corporate tree-planting movement, with dozens of multinational businesses from virtually every industry pledging millions of dollars to one of nature’s most effective carbon sequestration solutions.
Now, NGOs and investors are urging consumer goods and food companies and financial institutions to devote more resources to addressing the root cause of shrinking forests, deforestation.
Many companies have promised to address deforestation related to their business activities for years, but few have fully delivered on those plans and an astonishingly high number of companies don’t have an explicit commitment to ending deforestation.
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