Submitted by E.M. Williams on Mon, 15/12/2014 - 11:20
23 September 2014 – September saw world leaders, business and civil society convene for the UN Climate Summit in New York.
One key multi-stakeholder commitment launched at the summit was the New York Declaration on Forests, which was endorsed by 28 governments, 8 subnational governments, 35 companies, 16 indigenous peoples groups, and 45 civil society groups. Amongst this group were eight financial institutions. During a launch session co-chaired by Norwegian Prime Minister Erna Solberg and Indonesian President Susilo Bambang Yudhoyono, the Declaration cited the BEI’s Soft Commodities Compact as an example of how the banking industry can work collaboratively to end deforestation in agricultural commodity supply chains while supporting growth in yields.
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