This study aims to provide greater clarity on policies that banks and investors can adopt to reduce deforestation and forest degradation from the production of soy, palm oil and beef. The study and the accompanying tool are produced by the Natural Capital Declaration (NCD). A unique global finance-led and CEO-endorsed initiative, NCD seeks to accelerate the integration of natural capital considerations into financial products and services such as loans, bonds and equities. This study and the tool lay the foundation for linking financial sector decisions to deforestation and forest degradation.