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The White House: BEI joins consumer goods giants to brief Obama Administration on incentivising sustainable agricultural commodity production

last modified Jan 15, 2015 11:39 AM
4 December 2013 – Represented by Jeremy Wilson, Vice Chairman of Corporate Banking at Barclays and Chair of the BEI’s Working Group, the BEI joined Chief Executives of Consumer Goods Forum companies Unilever, Nestlé, Coca-Cola, Royal Ahold & Co, SC Johnson, Walmart and Cargill to brief the Obama Administration on how BEI banks and CGF companies are working together to drive deforestation out of supply chains.

As part of the Tropical Forests Alliance, the US Government is committed to supporting private sector action to halt deforestation. The Administration therefore valued hearing about the group’s emergent thinking on how to incentivise trade of sustainably produced agricultural commodities via Sustainable Shipment Letters of Credit. The CGF-BEI partnership, convened by CISL, agreed to continue to engage with the US and other governments on this agenda.

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