NORTHAMPTON, MA / ACCESS Newswire / March 4, 2025 / World Wildlife Fund (WWF) today unveiled the Deforestation-Free Leather Fund, an opportunity for companies to financially support strategic initiatives to improve the sustainability of leather supply chains. Drawing on WWF's 25+ years of experience helping companies work on sustainable supply chains, the fund will make investments to improve the traceability and resilience of leather supply chains.
The Deforestation-Free Leather Fund will target geographies with ecosystems at higher risk of environmental degradation and focus on solutions that accelerate deforestation- and conversion-free sourcing from those regions. The projects will initially include operations in Brazil, with the possibility of expanding to other beef-producing countries in South America in the near future.
"While leather is a byproduct of the beef and dairy industries, it still carries responsibility for embedded impacts and emissions in the supply chain," said Fernando Bellese, Senior Director for Beef and Leather Supply Chains at WWF. "Companies that use leather, including those in the fashion, automotive, and furniture industries, have unique leverage within the supply chain to encourage and support more sustainable practices by influencing beef and tannery operations."
Collective action increases the likelihood of success in addressing the environmental impacts of beef and leather production, and WWF will seek contributions to the fund from brands, retailers, leather processors, and manufacturers. The fund will help to accelerate supply-chain improvements, enabling companies to deliver their deforestation-free commitments, send strong market signals to cattle ranchers, beef producers, and leather producers, and contribute to more sustainable leather production.
Tapestry, Inc., a leading New York-based house of lifestyle brands including Coach and Kate Spade, is one of the first brands to make a financial commitment to the Deforestation-Free Leather Fund. That commitment is in addition to the Tapestry Foundation's s $3 million philanthropic grant to WWF in 2022 to develop an innovative system to enhance traceability of the leather value chain in Brazil and convene the industry.
"Tapestry's investment in the fund continues and expands the company's commitment to addressing climate change through long-term sustainable solutions and immediate actions," said Logan Duran, Vice President of ESG and Sustainability at Tapestry. "We believe strongly in the importance of sustainability in leather manufacturing, and this commitment reaffirms that belief. We invite other companies, both within and outside our industry, to join us in these efforts."
The Deforestation-Free Leather Fund will support initiatives in the following areas:
Traceability systems to verify responsible sourcing: Extend existing initiatives and support new efforts to scale adoption and align effective systems that enable end-to-end traceability in cattle supply chains.
Farm-level investments to promote the supply of deforestation-and conversion-free leather: Direct investments to address farm-level challenges and opportunities to improve cattle production.
Farm regularization to support market access: Assist farmers and ranchers to formalize operations, rehabilitate degraded farmland, and establish pathways for continuous improvement.
The fund aims to support the ear-tagging and individual traceability of 1 million head of cattle in the first three years of activity, promoting the recovery of 45,000 hectares (111,200 acres) of degraded land in the same period.
WWF will oversee the governance and day-to-day management of the fund, aiming to collect $10 million from companies to cover the first three years of on-the-ground operations. For brands and retailers, contributions will be requested based on annual revenue. For leather processors and manufacturers, contributions will be requested based on the number of hides processed annually.
###
Media Contacts
Susan McCarthy, Susan.McCarthy@wwfus.org
Lorin Hancock, Lorin.Hancock@wwfus.org
###
About WWF
WWF is one of the world's leading conservation organizations, working in nearly 100 countries for over half a century to help people and nature thrive. With the support of more than 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat the climate crisis. Visit http://www.worldwildlife.org to learn more. Keep up with the latest conservation news by following @WWFNews on X and sign up for our press list and news alerts here. Also, sign up for ReThink Food, the weekly WWF newsletter that details emerging issues, trends, and tools in the food, agriculture and soft commodities world.
View additional multimedia and more ESG storytelling from World Wildlife Fund on 3blmedia.com.
Contact Info:
Spokesperson: World Wildlife Fund
Website: https://www.3blmedia.com/profiles/world-wildlife-fund
Email: info@3blmedia.com
SOURCE: World Wildlife Fund
View the original press release on ACCESS Newswire
