The dialogue centres around improvements
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Full traceability, transparency and monitoring of direct and indirect suppliers across all commodity supply chains, starting with areas of particularly high deforestation and conversion risk.
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A public commitment to not source commodities from suppliers that have deforested or converted native vegetation, legally or illegally, on any part of their properties after January 1st, 2020. This cut-off date applies to the Cerrado and any ecosystems where earlier cut-off dates are not already in place.
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Insertion of contractual commitments for all suppliers to restore all areas deforested or converted after January 1st, 2020, and all areas illegally deforested or converted prior to 2020.
While companies remain on the observation list, portfolios without prior holdings are restricted from investing in them. Portfolios with prior positions are allowed to maintain these positions.