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Intercontinental Exchange

Climate love

ICE aims to help cocoa, coffee firms meet EU deforestation rule


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Intercontinental Exchange (ICE.N) plans a traceability service to help cocoa and coffee firms comply with a new EU law preventing the import of commodities linked to deforestation.
The law, expected to come into effect around end-2024, will require companies selling commodities in the European Union to produce a due diligence statement and verifiable data proving their goods were not grown on land deforested after 2020.


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  • Joyce Waturu

    52 w

    Stringent laws should be inherent in the ecocide laws so as to help tame deforestation by companies that care less of their grievous environmental impacts.

    6
    • George Kariuki

      52 w

      Collaborative efforts between financial institutions, commodity traders, and agricultural companies are essential in driving positive change and ensuring that products meet rigorous environmental standards.

      4
      • Munene Mugambi

        53 w

        We hope it works

        6
        • Peter Kamau

          53 w

          Will this really tame deforestation?Well, I hope it does.

          4
          • Tabitha Kimani

            53 w

            For coffee, tea, cocoa and many other large scale farms, massive deforestation takes place. Looking at the expansive tea plantations just arouses sadness imagining the indigenous trees which had to be cut.

            5
            • Annett Michuki..

              53 w

              deforestation is an enemy of this planet

              5
              • Jengaj John

                52 w

                @annett_michuki Its a high time we all deplete and discourage such factors that affects our climate.

                2
              • Sarah Kimotho

                53 w

                It's a good step ..we should all embrace it

                5
                • Joseph Githinji

                  53 w

                  This is a great plan to save our forests. The same should apply for land used for construction and development.

                  15
                  • Elizabeth Gathigia

                    53 w

                    Thats great, deforestation should be discouraged

                    14
                    • Edwin wangombe

                      53 w

                      It's a good action taken by ICE as it will help reduce deforestation

                      7
                      • ance Star

                        53 w

                        That's an amazing thing✅

                        7
                        • Majdi Alnajjar

                          53 w

                          Safe the seeds 💡

                          6
                          Welcome, let's solve the climate crisis together
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