Global Resource Initiative Finance Report

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Global Resource Initiative Taskforce (GRI Taskforce) published a Final Recommendations Report which set out a package of 14 interconnected recommendations to tackle the UK’s deforestation and land conversion ‘footprint’

The Government has acted on this recommendation, bringing forward a mandatory due diligence obligation for supply chain companies within Schedule 17 of the Environment Act 2021.

This will prohibit obligated companies from using forest risk commodities or products derived from these commodities that have been illegally produced, and require them to introduce a system of due diligence to assess and mitigate these risks and report annually on progress.