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Leading corporations pledge to buy 550,000 tonnes of sustainable options to supplies sourced from Ancient and Endangered Forests.
SHARM EL SHEIKH, Egypt, Nov. 14, 2022 /PRNewswire/ — Today at COP27, main corporations together with, H&M, Inditex, Stella McCartney, Ben & Jerry’s, HH Global, and Kering introduced a collective dedication to buy over half one million tonnes of low-carbon, low-footprint different fibers for style textiles and paper packaging. It is a transfer that can assist the safety of the world’s very important forests and ecosystems and decrease forest degradation pressures from the style and packaging supply chains.
Spearheaded by environmental nonprofit Canopy, this dedication in direction of extra sustainable, lower-carbon options — referred to as Next Generation Solutions — displays a constructing urgency throughout industries to speed up the transition to nature-positive business fashions. This market pull is important to entice the funding obligatory to scale these game-changing Next Generation options on ecologically significant timelines.
At final 12 months’s UN Climate Change Conference, defending nature was on the heart of commitments to ship on world local weather targets. Today one-third of the world’s most influential corporations have but to make forest conservation commitments1, regardless of the scientific group’s warnings that not less than 50% of the world’s forests want to be conserved or restored by 2030 to guarantee world temperature rises keep beneath 1.5 °C.
Every 12 months, over 3.2 billion bushes are reduce down to produce fiber for packaging and clothes, releasing huge quantities of CO2 into the environment. Alternatives to wooden — akin to agricultural residues and recycled textiles — are available and might be scaled so as to stop the logging of those forests at this untenable fee. Moving to Next Generation Solutions might assist keep away from virtually 1Gt of CO2 emissions between now and 2030.
“We are thrilled to advance this commitment with forward-looking partners who are willing to challenge the status quo and in doing so provide a breakthrough for these game-changing technologies,” mentioned Canopy Founder and Executive Director, Nicole Rycroft. “This commitment will allow us to take a historic leap closer to the $64 billion of investments in sustainable alternatives needed to ensure forest conservation for our planet’s climate and biodiversity stability.”
Today’s dedication will assist unlock the funding wanted to construct 10 – 20 new low-footprint, Next Generation pulp mills; present farm communities and cities with new markets to substitute the burning of straw residue and textile landfilling; and stop an estimated 2.2 million tonnes of GHG emissions from going into the environment relative to the equal manufacturing of virgin forest fiber.
“At Kering, we aim at reducing our footprint on biodiversity, and contribute to preserving and restoring critical ecosystems,” mentioned Yoann Régent, Head of Sustainable Sourcing & Nature Initiatives. “We are excited to be joining our long-time partner Canopy to support a rapid scale-up of sustainable Next Generation materials production as well as uptake of low-carbon, low-footprint alternative fibers for textiles and paper packaging.”
The signatories have additionally dedicated to guaranteeing their respective supply chains are freed from Ancient and Endangered Forests and are calling on trade friends to comply with go well with by shifting in direction of sustainable Next Generation options – akin to fibers produced from agricultural residue or recycled textiles.
When in contrast to forest fibers, Next-Generation Solutions have on common:
- 95% to 130% much less CO2 emissions
- 18% to 70% much less fossil power useful resource depletion
- 88% to 100% much less land-use impacts
- not less than 5x decrease impression on biodiversity/threatened species
“We’re proud to be working with Canopy to create a more sustainable sourcing strategy for our fiber-based packaging. Moving away from virgin fiber is part of our larger strategy to reduce the footprint of our operations,” mentioned Ben & Jerry’s Global Sustainability Manager, Jenna Evans. “While it’s clear that rapidly ending the age of fossil fuels is required to avoid catastrophic climate change, companies still must do the hard work to ensure their packaging isn’t contributing to deforestation as well.”
About Canopy
Canopy is a not-for-profit environmental group devoted to defending forests, species, and local weather. Canopy has collaborated with greater than 750 corporations to develop cutting-edge environmental insurance policies that remodel unsustainable supply chains, spark progressive options, and shield our world’s remaining Ancient and Endangered Forests. www.canopyplanet.org
Media Contacts:
Canopy
Mike Hudema
Canopy Communications Director
+1-778-989-6153
[email protected]
1https://forest500.org/sites/default/files/forest500_2022report_final.pdf
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