The Forest 500 annual report for 2023 is an analysis of the progress made by companies and financial institutions to combat deforestation. The report seeks to evaluate the commitments made by 500 organisations around the world and their efforts towards ending deforestation. The report establishes a methodology to assess the commitments and actions of these entities, and a score is assigned based on the progress made towards deforestation-free supply chains. The results of the report indicate that while some organisations have made significant progress towards their commitments, the overall pace of progress remains slow. The report finds only a quarter of companies have committed to eliminating deforestation from all of their supply chains, and even fewer have demonstrated that they are implementing these commitments, underscoring the need for sustained and accelerated action by all stakeholders to achieve deforestation-free supply chains.