Geneva, Switzerland, 16 December 2021: In their December 2021 progress report, published today, members of WBCSD’s Soft Commodities Forum (SCF) reaffirm their commitments to increase the transparency and traceability of their Cerrado-sourced soy supply chains, to track sourcing where there are the highest risks of deforestation and conversion. The SCF’s six current members are ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Viterra.
The main accomplishments to highlight in this report are the following:
- A new standardized reporting architecture for soy sourced by joint ventures;
- A methodology to report on verified deforestation- and conversion-free soy;
- An improved approach to support indirect suppliers in the adoption of monitoring systems;
- A shared engagement and investment strategy to eliminate soy-driven deforestation and conversion in priority landscapes.
Tackling deforestation and conversion risks begins with a transparent and credible picture of where soy comes from. By tracing soy all the way down to the farm, and therefore being able to identify whether it is linked to deforestation, conversion, or other issues at farm level, SCF members can focus their efforts where they matter most, and measure progress towards the elimination of soy-driven conversion and deforestation in the Cerrado.
Building upon the SCF’s expanded scope announced in June 2021, members developed a common methodology to report soy verified to be deforestation- and conversion-free in the SCF’s 61 focus municipalities, for which progress will be reported as of 2022, providing further accountability to soy value chain stakeholders.
On supply chain traceability, the vast majority of SCF members are now able to track 100% of their soy volumes back to the farms from which they source directly. All companies have also made progress on improving transparency of their indirect sources through the mapping of their first point of aggregation. The next step for 2022 will be building a collaborative relationship with these intermediaries, steering the implementation of traceability systems to monitor their own suppliers. Moreover, with the newly established methodology to report on soy sourced by joint venture partners, SCF members are paving the way to provide accountability for the entire soy supply chain.