Palm oil’s business-led $1bn forest restoration initiative

This week: Michal Zrust, founder of Lestari Capital, talks about the Rimba Collective, a palm oil sector initiative led by buyers and processors supporting long-term conservation and restoration of forests – aiming for $1bn support over 25 years.

And Global Canopy’s Emma Thomson outlines the findings from the latest Forest 500 report into policies and reporting at the global top 350 companies and 150 financial institutions with deforestation risks. Headline conclusion? Progress on implementation remains slow.

Plus: climate-change-driven natural disasters costed $280bn in 2021 says Munich Re; BlackRock’s Larry Fink says he’s not “woke” to push “stakeholder capitalism”; Burberry links corporate borrowing to sustainability metrics; and, Maersk commits to a net zero journey by 2040, in the news digest.

Host: Ian Welsh