The World Economic Forum and a number of its partners have joined the LEAF Coalition to protect tropical forests.
Launched at the Leaders Summit on Climate a group of governments and companies announced the LEAF Coalition, an ambitious new public-private initiative designed to accelerate climate action by providing results-based finance to countries committed to protecting their tropical forests.
The initiative aims to mobilize at least $1 billion in financing, kicking off what is expected to become one of the largest ever public-private efforts to help protect tropical forests, to the benefit of billions of people depending on them, and to support sustainable development.
What do Forum business partners involved in the coalition say?
“Climate change is the greatest threat to our planet, and the LEAF Coalition offers us an opportunity to bring together governments and companies to fight it,” said Jeff Bezos, Amazon founder and CEO. “In uniting behind a common cause, the countries and companies of the coalition have a chance to end deforestation by 2030. As founders of The Climate Pledge – a commitment to reach the goals of the Paris Agreement 10 years early – we’re excited to support this important initiative and encourage others to do the same.”
Werner Baumann, CEO of Bayer said: “The climate emergency calls for bold action and new collaboration. As a global leader in health and nutrition, Bayer is living up to its responsibility to fulfill the Paris Agreement. This includes continuous innovation at the intersection of biology and technology, for example new business models for farmers to capture CO2 emissions. It is in this same spirit that we proudly join the LEAF Coalition. We look forward to working with the countries and corporate participants involved in protecting and restoring tropical forests. There will be no climate solution without forest protection.”
Rich Lesser, Global CEO, Boston Consulting Group said: “As part of our bold ambition to achieve net-zero climate impact by 2030, BCG is proud to join the LEAF Coalition and contribute to accelerating the pace and scale of global forest protection. The world’s forests—which today cover 30% of the earth’s land surface—are an incredibly valuable resource, storing carbon, purifying water and air and safeguarding biodiversity. Achieving net-zero globally hinges on our ability to protect this vital resource.“
Emma Walmsley, CEO GSK said: “As a global healthcare company we want to play our part in protecting and restoring the planet’s health, to protect and improve people’s health. We are committed to be carbon net zero and nature net positive by 2030. This will require meaningful reductions of our own impact and will help make our business more resilient - ultimately protecting our products that people rely on. We believe the LEAF Coalition offers an effective and credible mechanism to have real and systemic impact on climate, nature and health.”
“McKinsey is excited to participate in the LEAF Coalition and to work together with leaders from across the public and private sectors to accelerate investments in forest conservation and restoration, while supporting local communities and livelihoods.” said Kevin Sneader, Global Managing Partner, McKinsey & Company.
Mark Schneider, CEO, Nestlé said: “Tackling deforestation and restoring forests are must-win battles for addressing global climate change. Nestlé is proud to join the LEAF Coalition, working with national governments and other companies to accelerate climate action. This complements our drive towards reaching net zero emissions, achieving deforestation-free supply chains and planting the equivalent of 200 million trees by 2030.”
"We're facing a climate emergency, and we need to act now," said Marc Benioff, Chair and CEO, Salesforce. “Our forests are the lungs of our planet, and we must conserve, restore, and grow them to avert the worst effects of climate change. No single organization or country alone can save our forests from further harm. That's why Salesforce is proud to be an initial participant in the LEAF Coalition, which provides an innovative way to invest in protecting our tropical forests, sequestering carbon at scale, and restoring the planet that sustains us."
Alan Jope, CEO, Unilever said: “For nearly two decades, Unilever has been involved in industry efforts to eliminate deforestation from commodity supply chains. We have learned that individual actions alone – however bold – will never drive system change. Collective action is needed for real impact. The launch of the LEAF Coalition today provides fresh hope that we can end deforestation at scale and get the world on track for the 1.5 degree goal of the Paris Agreement.”