With reference to the ‘New York Declaration on Forests’, which of the following statements are correct?
1. It was first endorsed at the United Nations Climate Summit in 2014.
2. It endorses a global timeline to end the loss of forests.
3. It is a legally binding international declaration.
4. It is endorsed by governments, big companies and indigenous communities.
5. India was one of the signatories at its inception.
Select the correct answer using the code given below:

The correct answer is 1, 2 and 4 only.

Let us analyze each statement regarding the New York Declaration on Forests (NYDF) to understand the reasoning step-by-step:
1. Statement 1 is correct: The New York Declaration on Forests is a non-binding political declaration that was first endorsed at the United Nations Climate Summit held in New York in September 2014.
2. Statement 2 is correct: The declaration endorses a global timeline to halve the loss of natural forests by 2020 and strive to end it entirely by 2030. It also aims to restore hundreds of millions of hectares of degraded land.
3. Statement 3 is incorrect: The New York Declaration on Forests is a voluntary, non-legally binding political declaration. Endorsers are not legally required to fulfill the goals set out in the declaration.
4. Statement 4 is correct: The declaration is uniquely endorsed by a diverse multi-stakeholder coalition including national and subnational governments, major multinational companies, indigenous peoples' organizations, and civil society groups.
5. Statement 5 is incorrect: India is not a signatory/endorser of the New York Declaration on Forests at its inception, nor is it currently among the endorsing governments.

Therefore, statements 1, 2, and 4 are correct, making 1, 2 and 4 only the correct option choice.