The Independent

500 companies and banks could stop the destruction of tropical forests. They are failing, report warns

Source: AFP via Getty Images

Ten years on from a global pledge to ensure the survival of tropical forests, few strides have been made in doing so, according to a detailed new assessment.

In 2014, governments and businesses signed the New York Declaration on Forests which committed to achieving zero net deforestation by 2020.

In its wake, the nonprofit Global Canopy began tracking 350 companies and 150 financial institutions behind the greatest impacts on forests.

The theory was if this group - including leading fashion and beauty brands, furniture companies,

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