DIG will replace the FSDA, offering a forum to support investors in mitigating deforestation risks. Full details can be found in the info pack.
FSDA brought together a group of leading investors committed to using their best efforts to eliminate commodity-driven deforestation from palm oil, soy, beef and leather, pulp and paper by 2025. With the FSDA commitment sunsetting at the end of 2025, the initiative will come to a close at the end of this year.
In its place, IIGCC will host the Deforestation Investor Group (DIG). DIG will build on the foundations laid by FSDA. It will continue FSDA’s mission of amplifying investor action as part of a multistakeholder effort to tackle deforestation.
Under the platform, DIG participants will work to mitigate deforestation risk exposure, in alignment with the Global Stocktake goal to halt and reverse deforestation and forest degradation by 2030. The DIG will foster collaboration between investors working across different initiatives, helping to cross-pollinate ideas, reinforce momentum, and build congruence across the landscape.
Investors who are seeking to implement the IIGCC Supplementary NZIF Guidance on Deforestation are eligible to participate in quarterly meetings and join DIG (subject always to their individual contexts and client mandates).
IIGCC took over the FSDA secretariat in September 2024 and has been working closely with Global Optimism and the UN Climate Change High-level Champions to support the FSDA initiative.