Intertek today proudly announced its participation in the LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition, a new public-private initiative designed to accelerate climate action by providing results-based finance to countries committed to protecting their tropical forests.
Tropical rainforests hold 250 billion tons of carbon, according to LEAF, and have an important role to play in minimising the global economy’s costs of transition to climate stability. Ending tropical and subtropical forest loss by 2030 is a crucial part of meeting global climate, biodiversity and sustainable development goals.
Intertek joins other leading global companies and governments as part of the LEAF Coalition, which has successfully mobilised $1billion in funding to support the protection of tropical and subtropical forests. The Coalition empowers tropical and subtropical forest countries to move more rapidly towards ending deforestation, while supporting them in achieving their Nationally Determined Contributions (NDCs) under the Paris Agreement. The initiative will protect biodiversity and support sustainable development, reducing emissions across entire countries through programs that involve all key stakeholders, including Indigenous peoples and local communities.
Intertek has been a force for good for over 130 years, bringing quality, safety and sustainability to life and is committed to playing its part to help address the effects of climate change. The Company has already accelerated progress both on its own sustainability performance and the development of innovative products and services to help its clients deliver their sustainability agendas faster, thanks to Intertek’s operational sustainability assurance solutions, global audits to verify customers’ ESG disclosures and its industry leading corporate certification programme.
André Lacroix, Chief Executive Officer of Intertek, said: “With the world having reached a tipping point in terms of sustainability, Intertek is proud to join the LEAF Coalition and contribute to accelerating the pace and scale of global forest protection. Since the onset of 2020, the issues facing the world have been felt more acutely than ever. The pandemic has amplified and accelerated the challenges facing humanity and our impact on the planet. Tackling the effects of climate change requires coordinated action and the LEAF Coalition is a great example of how governments and businesses can work together in solving the most pressing challenges of our time.”
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