Businesses agree to report on their forest footprintsNovember 2009
A number of large British companies have committed to reporting on their ‘forest footprints’ as part of a programme by the Forest Footprint Disclosure (FFD) Project.
Businesses including Adidas, British Airways, Kingfisher and J. Sainsbury have already agreed to answer an FFD questionnaire asking 200 companies deemed to have a high ‘forest risk’ in their supply chains how they tackle deforestation.
‘High potential impacts’ on forests, says the FFD, include the use of palm oil, soya, timber, biofuels, beef and leather.
The programme is endorsed by 26 asset manager companies together handling $2.9trillion (£1.8tn), and responses to the questionnaire will be made available to endorsing investors. Additionally, results will be summarized in an annual report, the first of which will be published in January.
The published report will name the companies that have ‘innovative risk management strategies’ in place, as well as those that have declined or ignored the request to disclose their forest footprint.
The investor-run FFD programme, which is modelled on the Carbon Disclosure Project, says the aim is ‘to help companies identify how and where forest impact could be improved in their operations as well as aiding businesses to identify the key areas for consideration’. This in turn will reduce investment risks.
For the businesses, British Airways’ environment executive Patrick Spink, said: ‘We feel participation has enabled us to channel our efforts into a better understanding of our impact on deforestation – and that means we can now proactively work towards developing a more sustainable supply chain.
‘This is not simply about who is top of the class. It’s an exercise to bring together knowledge, working practices and understanding... and to share this information to reduce the impact of deforestation.’
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