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Free Sourcing</li> </ol> <a id="main-content"></a> <h1 class="page-header">Agri-Food Deforestation and Conversion Free Sourcing</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-198182" class="node node-page clearfix"> <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p class="rtecenter"> </p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><img alt="" src="https://www.climatebonds.net/files/images/Agri-Food%20DCF.jpeg" style="width: 900px; height: 298px;" /></p> <p><strong style="box-sizing: border-box;">Status:</strong><strong style="box-sizing: border-box;"> </strong>Agri-Food Deforestation and Conversion Free (DCF) Sourcing Criteria are now <a href="https://www.climatebonds.net/certification/get-certified/entity-certification">available for certification</a>.</p> <div style="box-sizing: border-box; border-radius: 5px; font-size: 14px; background-color: rgb(141, 190, 98); width: 300px; float: right; margin-left: 10px; margin-right: 10px; padding: 6px;"> <div style="box-sizing: border-box; margin: 0px 0px 10px;"><b>Resources</b></div> <ul><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/criteria-doc-agri-food-dcf-sourcing-120424.pdf"><span style="color:#FFFFFF;">Criteria Document</span></a><span style="color:#FFFFFF;"> </span></div> <ul><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/criteria-doc-agri-food-dcf-sourcing-120424.pdf"><span style="color:#FFFFFF;">English Version </span></a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/climate-bonds-dcf-sourcing-criteria-chinese-final.pdf"><span style="color:#FFFFFF;">Chinese Version</span></a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/FINAL_DCF%20Sourcing%20Criteria_PTJan25.pdf"><span style="color:#FFFFFF;">Portuguese Version</span></a></div> </li> </ul></li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/CBI%20DCF%20Brochure.pdf"><span style="color:#FFFFFF;">Brochure</span></a></div> <ul><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/CBI%20DCF%20Brochure_Portuguese_.pdf"><span style="color:#FFFFFF;">Portuguese version</span></a></div> </li> </ul></li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/background-doc-agri-food-dcf-sourcing-120424.pdf"><span style="color:#FFFFFF;">Background Paper</span></a><span style="color:#FFFFFF;"> </span></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/faqs-agri-food-dcf-220424.pdf"><span style="color:#FFFFFF;">FAQs</span></a></div> <ul><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/FAQs%20DCF%20V2%20%2811%20March%202024%29_pt%20%28REV%29_final.pdf"><span style="color:#FFFFFF;">FAQ in Portuguese</span></a></div> </li> </ul></li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/files/files/public-consultation-feedback-11-march-2024.pdf"><span style="color:#FFFFFF;">Public Consultation Feedback</span></a></div> </li> </ul><div style="box-sizing: border-box; margin: 0px 0px 10px;"><strong style="box-sizing: border-box; font-size: 14px;">Timeline of Development:</strong> <p><span style="color:#FFFFFF;"><strong>Sep 2023:</strong> Technical Working Group (TWG) Launch</span></p> <p><span style="color:#FFFFFF;"><strong>Nov 2023</strong>: Industry Working Group (IWG) Launch</span></p> <p><span style="color:#FFFFFF;"><strong>Dec 2023 to Feb 2024: </strong>Public Consultation </span></p> <p><span style="color:#FFFFFF;"><strong>April 2024:</strong> Criteria </span><a href="https://www.climatebonds.net/files/files/criteria-doc-agri-food-dcf-sourcing-120424.pdf"><span style="color:#FFFFFF;">available</span></a></p> <p><span style="color:#FFFFFF;"><strong>May 2024:</strong> Agri-food Entity Certification and New Label available</span></p> <p><span style="color:#FFFFFF;">Here is a first look </span><a href="https://climatebonds.zoom.us/webinar/register/6017126569786/WN_2B0j-wXCSf-E2YeRizwp8Q"><span style="color:#FFFFFF;">at the Climate Bonds 'Agri-Food Deforestation and Conversion Free Sourcing (DCF Sourcing)' Criteria</span></a></p> </div> <div class="rtecenter"><img alt="" src="https://www.climatebonds.net/files/images/certification/icons/agri-get-certified.png" style="height: 177px; width: 80px;" /></div> </div> <p><strong>Overview:</strong> Deforestation and Conversion of Natural Ecosystems represents a key source of climate emissions and biodiversity loss driven by the current agri-food systems. Ensuring food supply chains free of deforestation and conversion of natural ecosystems is an imperative to achieve a climate-secure future and to put a stop to the loss of biodiversity worldwide. </p> <p>The agri-food supply chain is behind close to 90% of the deforestation taking place in the last decades, particularly in tropical habitats that are being destroyed to satisfy a growing demand for commodity crops, in particular beef, soya, palm-oil, cocoa and coffee. </p> <p>It is essential that any investment aiming to address climate change and environmental integrity consider deforestation and conversion of natural habitats. This new criteria will provide procurement guidelines for assessing the alignment of all food commodity procurement and sourcing strategies with 1.5°C transition for the land sector, to enable food retailers and other relevant stakeholders to issue credible green finance. </p> <p><strong>Want to be Deforestation-Free food company? Learn how to be a certified entity under the new "Agri-Food Deforestation and Conversion Free (DCF) Sourcing Criteria", <a href="https://www.climatebonds.net/certification/get-certified/entity-certification">follow here for more</a>...</strong></p> <p> </p> <p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" scrolling="no" src="https://www.youtube.com/embed/76EosKwyGac?si=Hh-D40SuzHdhrSaK" title="YouTube video player" width="560"></iframe></p><p></p> <p><strong>What's Included:</strong> This Criteria will include the establishment of clear dates to limit the timeframe of deforested-links products entering global supply chains and strong guidance on traceability and disclosure requirements, in coherence with new policy regulations driving changes in the market. In particular, the new criteria will ensure consistency with EU Regulation on Deforestation-Free Products (EUDR) and guide those aiming for the EU market for early awareness and adherence. </p> <p>The Criteria will focus clearly on climate and biodiversity impacts, while also incorporating safeguards for social equity, including human rights and the rights of indigenous peoples. The Criteria will be informed by other standards in the market and recent policy developments, with an aim to facilitate much needed progress towards food supply chains protective of climate and biodiversity. </p> <p><strong>Why It Matters: </strong>Deforestation and ecosystem conversion significantly impact climate and biodiversity. Our new Criteria will serve as a procurement guide for aligning food sourcing strategies with 1.5°C climate goals, helping to green the financial sector.</p> <p><strong>Focus Areas: </strong>The criteria emphasise climate and biodiversity, but also address social considerations like human and indigenous peoples' rights.</p> <p><strong><a id="TWG" name="TWG"></a>Applicability:</strong><span style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><span class="ui-provider a b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak" dir="ltr"><strong> </strong></span></span>The Agri-Food DCF Sourcing Criteria is targeted at entities: Companies operating within the food value chain which source agriculture commodities that are land-based and whose production might involve land use change from natural ecosystems (e.g. forests, peatlands, savannas). Assets, Use of Proceeds, Entities and Sustainability-Linked Debt instruments that enable or service the goal of deforestation and natural ecosystem conversion free sourcing (e.g. entities operating in the land-use change monitoring or traceability system space) can be Certified under Climate Bonds Standard as 1.5ºC Aligned for eligible activities.</p> <p><strong>New Agri-Food DCF Sourcing Label: </strong>Concurrent with the initiation of the Agri-Food DCF Sourcing Criteria, Climate Bonds is introducing a new label for agri-food entities achieving certification, representing their compliance with deforestation and conversion free practices. This label, set to be released for public consultation alongside the Criteria's introduction, is designed to signify sustainable practices within the agri-food sector. The label signifies an agri-food entity's adherence to best practice standards and offers assurance of the credibility and integrity of their DCF Sourcing practices for agri-foods. </p> <p> </p> <p><strong><a href="#TWG"><span style="color:#000000;">Climate Bonds Team</span></a>:</strong></p> <p><img alt="" src="https://www.climatebonds.net/files/images/cbi-dcf-leads.png" style="width: 600px; height: 213px;" /></p> <p><strong>Technical Working Group:</strong></p> <p>Each TWG member contributes to the criteria development in their personal capacity and as a content experts in the field. This contribution does not imply endorsement either from Climate Bonds Initiative to the organisation the member is currently employed with, nor of the organisation to this work.</p> <p><img alt="" src="https://www.climatebonds.net/files/images/Screenshot%202023-12-22%20at%2012_16_23.png" style="width: 900px; height: 455px;" /></p> <hr /><p><strong>Supply Chain Expert Consultant:</strong></p> <p><img alt="" src="https://www.climatebonds.net/files/images/Screenshot%202023-11-06%20at%2015_57_10.png" style="width: 120px; height: 139px; margin-left: 40px; margin-right: 40px;" /></p> <hr /><p><strong>Industry Working Group:</strong></p> <p><img alt="" src="https://www.climatebonds.net/files/images/iwg-dcf.png" style="width: 900px; height: 457px;" /></p> <hr /><p class="rtejustify" style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box; font-family: arial, helvetica, sans-serif;">If you have technical or industry expertise in the sector and would like to collaborate in this work, reach out at </span></span><span style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><a href="mailto:agrifoodstandards@climatebonds.net">agrifoodstandards@climatebonds.net</a>.</span></p> <p>The <a href="https://www.climatebonds.net/standard/agriculture">Agriculture Criteria</a> are already available for use in certifications. Bonds and loans linked to eligible assets and projects will be aligned with the Paris Agreement 1.5°C limit. Get in contact with <a data-extlink="" href="mailto:certification@climatebonds.net">certification@climatebonds.net</a> to start the certification process for your agriculture green bond.</p> <hr /></div></div></div> </article> </section> </div> </section> </div> </div> </div> <div id="footer"> <footer class="footer"> <div class="row registered-charity"> <div class="col-xs-12 col-sm-6"> Climate Bonds Initiative is a registered charity in England and Wales (no. 1154413) </div> <div class="col-xs-12 col-sm-6 pull-right charity-conditions"> <a href="/sitemap">Site Map</a> | <a href="/privacy">Privacy Policy</a> | <a href="/legal">Terms & Conditions of Use</a> </div> </div> <div class="container"> <div class="row"> <div class="region region-footer"> <section id="block-menu-block-2" class="block block-menu-block superfooter clearfix"> <div class="menu-block-wrapper menu-block-2 menu-name-main-menu parent-mlid-0 menu-level-1"> <ul class="menu nav"><li class="first leaf menu-mlid-218"><a 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