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Forest IQ receives Global Good Award

The innovative data platform Forest IQ has been named “one to watch” by the Global Good Awards 2024. The award is given to businesses, NGOs, charities and social enterprises that are blazing the trail for purpose-driven sustainability and ethical leadership globally.

Ylva Rylander, Simon Croft, Katy Golder, Freya Bannochie / Published on 30 October 2024
Two women standing in a formal event hall with colourful lighting. The woman on the left is holding a framed award certificate titled “One to Watch,” presented by the Global Good Awards. Seated guests and tables are visible in the background, with ambient purple and green lighting casting a festive atmosphere.

Freya Bannochie (left), Forest IQ Lead at Global Canopy and Lina Latincic (right), Senior Research Associate at Forest IQ, receives the Global Good Award at the 2024 Global Good Awards ceremony.

Photo: Global Good Awards 2024 – Jonathan Perugia / Gaia Visual.

We are delighted that Forest IQ has been awarded "one to watch" in the Global Good Awards Finance Player of the Year."

Freya Bannochie, Forest IQ Lead at Global Canopy, when attending the London award ceremony in October.

Forest IQ is a game-changing innovation that allows financial institutions to lead the way in tackling deforestation in their portfolios and meet net-zero targets in the process,” reads the Global Good Awards’ motivation for Forest IQ.

Created by three leading not-for-profit data providers in this space, Global Canopy, Stockholm Environment Institute (SEI), and the Zoological Society of London (ZSL), Forest IQ brings together the best available, actionable data on how more than 2,000 major companies are addressing their links to deforestation.

To address deforestation risk in their portfolios as efficiently as possible, investors need standardized data and metrics. That is why we launched Forest IQ less than a year ago."

Freya Bannochie, Global Canopy

Since its launch in 2023, Forest IQ now has more than 1,000 users globally, with the majority from northern Europe. The response from the market shows that financial institutions want to understand their exposure to deforestation risk.

Data feeding into Forest IQ is partly provided by Trase, a supply chain transparency initiative by Stockholm Environment Institute and Global Canopy.

The success of Forest IQ, and the recognition it has received, is a testament to the hard work and collaboration of countless people behind the scenes. Within Trase, we produce and share innovative supply chain and impact data with the potential to help inform a variety of positive actions. It's great to see the role our outputs have played in Forest IQ.

Simon Croft, SEI Research Fellow at the University of York

“Thanks to the Global Good Awards and judges, and a huge congratulations to all the other winners, nominees and finalists – we are truly in great company,” Freya concluded.

About the Global Good Awards

The Global Good Awards reward businesses, NGOs, charities and social enterprises of all shapes and sizes around the world, which are blazing the trail for purpose-driven sustainability and ethical leadership. They recognize leaders who are achieving practical, real-world impact that is both scalable and replicable – and who have inspiring stories to tell.

Founded in 2015 by Karen Sutton, the Global Good Awards is leading the awards sector by walking the talk across all areas of sustainability and being something of a disruptor in the overall events industry space.

SEI authors and featured researchers

Ylva Rylander
Ylva Rylander

Communications and Impact Officer

Communications

SEI Headquarters

Simon Croft

Research Fellow

SEI York

Chris West

Deputy Centre Director (Research)

SEI York

Toby Gardner
Toby Gardner

Senior Research Fellow

SEI Headquarters

Design and development by Soapbox.