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Eco-Business News 10/25/2020 23:00
COFCO’s pledge to protect Brazil’s vast tropical savannah is welcome but looks less bold on closer inspection. Big companies have been known to dodge their pledges in the past. Several adopted promises to halt deforestation and promote product traceability by signing the 2014 UNDP-backed New York Declaration on Forests. Although Brazil was not a signatory, Cargill did sign. Even so, it ducked its 2015 commitment to monitor all Brazilian soy purchases by 2020 by deferring the goal to 2030.

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