Commitment on Eliminating Agricultural Commodity-Driven Deforestation

Over 30 financial institutions with more than (US)$8.7 trillion in assets under management are committed to work on eliminating agricultural commodity-driven deforestation risks in their investment and lending portfolios by 2025.

This investor-led initiative is supported by a collaborative effort from leading organisations and individuals at the intersection of finance and conservation (Nature4Climate Secretariat, Conservation International, Global Canopy, High-Level Climate Champions team​, WEF Tropical Forest Alliance​, and Head of Environmental Issues, UN Principles for Responsible Investment).

Together, they are  working to drive ambition and enable action towards achieving key components of the Call for Climate Action Announcements from Private Finance Institutions issued by the COP26 Presidency, Mark Carney’s COP26 Private Finance Hub and the High Level Climate Action Champions.

The signatory financial institutions commit to using “best efforts to eliminate forest-risk agricultural  commodity-driven deforestation activities at the companies in our investment portfolios and in our financing activities by 2025”

To read the commitment letter, please click here.

Tackling commodity-driven deforestation

$8.7tn: Assets under Management

The signatory financial institutions commit to use best efforts to tackle commodity-driven deforestation impacts in their investment and lending portfolios by 2025. The commitment is focused on addressing agricultural commodities that are responsible for the lion’s share of deforestation impacts:  beef, soy, palm oil, pulp & paper. Their stated intention is to reduce deforestation-related risks while supporting the transition to a sustainable agricultural sector.

The signatory organisations will individually create organisational plans, milestones, and incentives to meet the proposed timelines, aligned with a Paris Agreement-compliant 1.5°C pathway. The signed commitment letter can be found here and was launched on the 2nd of November 2021 at the World Leaders Summit, at COP26 in Glasgow, Scotland.


ACTIAM; Andra AP–fonden (AP2); Australian Ethical; Investment; Aviva PLC; AXA Group; Boston Common Asset Management; Church Commissioners for England; Church of England Pensions Board; Comgest; Caisse de Prévoyance de L’État de Genève (CPEG); Domini Impact Investments LLC; East Capital Group; Fidelity International; Generation Investment; Management; Grupo Bancolombia; Impax Asset Management PLC; International Business of Federated Hermes; JGP Asset Management; Legal and General; Investment Management (LGIM); LGPS Central Limited; Lombard Odier; Menhaden PLC; NEI Investments; NN Investment Partners; Robeco; Schroders; SCOR SE; Skandia; Sparebank 1 Forsikring; Storebrand Asset Management; Sumitomo Mitsui Trust; Asset Management; TCI Fund Management Ltd; The Local Authority Pension; Fund Forum.



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Interested in learning more about the Financial Sector Commitment Letter on Eliminating Agricultural Commodity-Driven Deforestation?

Please click here for Frequently Asked Questions.

Call to action

Financial institutions can access and sign on to the Financial Sector Commitment on Eliminating Agricultural Commodity-Driven Deforestation initiative by accessing this form. For any queries, please email:

Eliminating Commodity-Driven Deforestation

In response to the commitments that will be made, the partners in this initiative, with support from many experts and partners, will publish a Roadmap to eliminate commodity-driven deforestation.

The Roadmap will provide a time-bound pathway and set of actions for financial institutions to achieve investment and lending portfolios with zero commodity-driven deforestation and related human rights abuses by 2025. It includes all agricultural commodities and is aligned with the level of ambition required to meet the Paris agreement and halt and reverse nature loss by 2030. It brings together the best available data and guidance on addressing deforestation and human rights abuses, going into much more detail than the commitment letter is able to, to outline to financial institutions the best practice for how they can map risk, set policies, identify and engage with non-compliant portfolio constituents, and look to increase exposure to nature- and people-positive activities.

Click here to read the Roadmap.




To achieve net zero emissions and keep 1.5°C within reach, financial institutions need to address both nature-related risk exposures and Nature-based investment opportunities.

The NBS pilot investment platform is focused on Nature-based Solutions (NbS) including Regenerative and Sustainable Agriculture, Forests and Land Use. It is a nascent platform that is intended to begin to fill a void in this crucial area, demystify the landscape of NbS investment opportunities, and evolve over time as those opportunities expand. It is not a platform for investment advice.