A third of commodity-hungry companies have no deforestation policy: Report

A third of the 350 companies most exposed to commodities such as palm oil, beef and timber have no policies to ensure their products are not fuelling deforestation, a report by NGO Global Canopy showed on Thursday.

Protecting the world's forests is central to efforts to limit man-made global warming by mid-century, and at the COP26 climate talks in November, 141 countries pledged to halt and reverse forest loss by 2030.

At the same time, more than 30 financial institutions with nearly $9 trillion in assets said they would aim to eliminate commodity-driven deforestation from their portfolios by 2025.

Britain has already made