Palm oil, soy, and cocoa were identified as the priority commodities for BACP based on an analysis of internationally traded commodities and biodiversity hotspots and potential for reduction of impacts on biodiversity (see the maps below). Target countries included Indonesia, Ghana and Cote d’Ivoire (palm oil, cocoa), Malaysia, Liberia and Cameroon (palm oil), Brazil (soy, cocoa, palm oil and sugarcane), and Argentina (soy). Commodity roundtables for palm oil and soy served as major entry points for BACP to strengthen biodiversity-related industry decisions on environmental performance targets and BMP definitions and to promote continuous improvement and uptake of new practices or technologies.
Targeting three major groups of market actors – producers, traders and purchasers, and financial institutions – BACP aimed to create an enabling environment that generates incentives for greater supply, demand, and financing of biodiversity-friendly agricultural commodities. Commodity-specific Market Transformation Strategies (MTSs) guided grant-making to private sector, NGO, and other partners.