We are all part of the deforestation economy. Tropical forests are being cleared in Brazil and Indonesia to make way for crops and cattle that end up in the products we buy in our shops. Some of the money that finances the destruction comes from our savings and investments.
Since 2000, 10% of the world’s tree cover has vanished. We are losing an area of forest the size of London each week. And this makes it impossible to tackle climate change.
If deforestation were a country it would be the third largest emitter behind China and the US.
Trees store our carbon emissions, so we will be unable to meet our global climate goals without ending deforestation.
Here’s what you need to know.
1. Deforestation is in your pensions
Your pension is meant to provide for your future, but instead, it may be putting that future at risk. The money we save into our pensions is invested in companies and financial institutions around the world. This includes companies in agriculture and food, infrastructure companies, oil, gas, mining, and retail companies, as well as the banks and insurers that lend money to them.
A new report from SYSTEMIQ, Make My Money Matter and Global Canopy shows that £300 billion of UK pension money is invested in companies and financial institutions that drive tropical deforestation. That means £2 out of every £10 you save in your pension is likely to be linked to deforestation.
So ask your pension fund to commit to deforestation-free portfolios, make them know that you care. Ask your employer where your company pension is invested. It’s your money, find out where it’s going, what impact it’s having and demand better.