Global Canopy

What is it?

Global Canopy is a data-driven not-for-profit providing innovative open-access data, clear metrics, and actionable insights to leading companies, financial institutions, governments, and campaigning organizations worldwide to help them make better decisions about nature, forests, and people.

Traceability

In partnership with the Stockholm Environment, they have launched Trase – a tool providing open access data and insights to enable organizations, including governments, finance, companies, and NGOs to identify risks of deforestation in commodity supply chains. 

Risk Assessments and Improvements

• They are one of the founding partners of the Taskforce on Nature-related Financial Disclosures (TNFD), which has developed a set of disclosure recommendations and guidance that encourage and enable businesses and finance to assess, report, and act on their nature-related dependencies, impacts, risks, and opportunities.
• In partnership with the UNEP Finance Initiative and UNEP’s World Conservation Monitoring Centre (UNEP-WCMC), they have developed ENCORE, a tool that maps the impacts and dependencies of different economic sectors on nature.
• They have also produced The Little Book of Investing in Nature which provides an essential overview of the area of biodiversity finance at a time when governments and international negotiators are urgently seeking pragmatic solutions for the twin crises of climate change and the loss of nature.

This is available in Chinese, English, French, Indonesian and Spanish. 

• Global Canopy’s Deforestation-Free Finance project is working with partners to develop a suite of practical guidance to support financial institutions in achieving deforestation-free financial portfolios.

Monitoring and Reporting

• They are one of the founding partners of the Taskforce on Nature-related Financial Disclosures (TNFD), which has developed a set of disclosure recommendations and guidance that encourage and enable businesses and finance to assess, report, and act on their nature-related dependencies, impacts, risks, and opportunities.
• Their Deforestation Action Tracker monitors financial institutions with significant climate commitments including those in Race to Zero, GFANZ, and the Finance Sector Deforestation Action (FSDA) group, to track their action on deforestation and associated human rights abuses.
• Forest IQ is a data platform for financial institutions that brings together aligned, best-in-class, and actionable data on how more than 2,000 major companies are addressing their links to deforestation. It also provides open data and metrics, alongside a tailored offering for financial institutions to help enable their transition to deforestation-free financial portfolios.