How committed are soy traders to a conversion-free soy industry?

How committed are soy traders to a conversion-free soy industry?
In 2021, WWF is releasing its first Soy Traders Scorecard, looking at the 22 most influential soy trading companies, responsible for more than two-thirds of global soy exports. This scorecard explores their commitments, actions, progress, transparency and collaborations to end deforestation, conversion, and human rights abuses in soy supply chains.
More about soyGiven their influence in sourcing, processing, and trading soy, these companies can and must play a critical role in transforming the industry to be free of deforestation, conversion of natural ecosystems, and human rights abuses. This means collectively raising the ambition of commitments with strong implementation plans, and increasing transparency on progress made over time.
THE SCORECARD HIGHLIGHTS PROGRESS AND GAPS IN THE INDUSTRY
The Soy Traders Scorecard highlights progress and gaps in the industry’s transition towards halting conversion and human rights abuse. It provides a transparent way for soy users along feed and food chains, financial institutions, and policymakers to assess their exposure to risk and demand ambitious action from trading companies within and beyond their supply chains.
The Soy Traders Scorecard provides a valuable tool for all soy trading companies to identify opportunities for improvement in their own policies, operations, and reporting processes. It enables benchmarking against peers and the ability to demonstrate progress over time.
METHODOLOGY7 OF THE 9 RESPONDING TRADERS
ONLY 3 OF THE 7 TRADERS
NONE OF THE 9 RESPONDENTS
7 of the 9 respondents commit to protecting human rights and securing the Free, Prior, and Informed Consent of Indigenous peoples and local communities in their supply chains, but none require their suppliers to have equivalent commitments for their own operations.
Across soy supply chains all stakeholders have a role to play in eliminating deforestation, conversion and human rights abuses from this industry. There are clear actions for soy traders, buyers, financiers, and policymakers in both producing and consuming countries.