The Earth may well be experiencing its sixth mass-extinction event and the rapid destruction of tropical forests is a key reason for this. Who is responsible for the ongoing decimation of rainforests?
After an exhaustive data-collection effort, the Global Canopy Programme, a UK-based scientific and conservation organization, has just released a 'ratings agency' for rainforests.
This scheme -- called "Forest 500" -- identifies the governments, corporations, and investors that are either driving or saving tropical ecosystems and their imperiled biodiversity.
Overall, Forest 500 evaluates the actions of 50 governments, 250 companies, 150 investors, and 50 other 'power brokers'.
Who are some of the biggest sinners and heroes?
Among nations, the global heroes include Liberia, Colombia, and several E.U. nations such as Norway, all of whom are working to slow deforestation. China, India, and Russia rank among the biggest sinners for having aggressive policies to source tropical commodities and weak commodity-import policies.
Surprisingly, despite a growing number of 'zero deforestation' claims in the rhetoric of many corporations, the Forest 500 study suggests that less than 10% of the companies evaluated really have an overarching commitment to this goal.
Six corporations, including Unilever, Procter & Gamble, and Nestlé, get top scores for improving their policies. A number of Asia-based corporations are big-time sinners. Privately-owned corporations tend to rank more poorly than do publicly-traded ones, which are more prone to pressures from consumers and investors.
Among other power brokers, financial institutions based in Europe tend to have better policies than do those based in Asia or North America. In general, banks tend to have better policies than do insurance companies, hedge-funds, and sovereign-wealth funds.
Globally, the study concludes, investors in the U.S. are the dominant owners of stock in major forest-destroying corporations.
The Forest 500 analysis is an excellent effort to highlight who in the world is working to save tropical forests -- and whose hand is on the axe.