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Forest Footprint Disclosure

Forest Footprint Disclosure

http://news.bbc.co.uk/1/hi/sci/tech/8516931.stm

A new report by Forest Footprint Disclosure reveals for the first time how global business is driving rainforests to destruction in order to provide things for you and me to eat (and use... - JMS)

http://www.forestdisclosure.com/

The Forest Footprint Disclosure Project (FFD Project) is a new initiative, backed by 34 financial institutions with $3.5 trillion in collective assets under management, created to help investors identify how an organisation’s activities and supply chains contribute to deforestation, and link this 'forest footprint' to their value
The Forest Footprint Disclosure Project (FFD Project) is a new UK government-supported initiative, created to help investors identify how an organisation’s activities and supply chains contribute to deforestation, and link this 'forest footprint' to their value.

Modelled on the successful Carbon Disclosure Project, it aims to create transparency and shed light on a key challenge within investor portfolios, where currently there is little quality information.

Participating companies will be asked to disclose how their operations and supply chains are impacting forests worldwide, and what is being done to manage those impacts responsibly. They will also gain a better understanding of their own environmental dependencies, and how the changing climate and new regulatory frameworks could affect access to resources and the cost of doing business in the long term.

The disclosure information will be reported annually, enabling investors to identify the sustainable businesses of the future as well possible risks related to a company’s forest footprint.
- Deforestation risk assessment

- Management of FRC Issues - ‘forest risk commodities’

- A ‘forest footprint’ is the total amount of deforestation caused directly or indirectly by an individual, organisation or product.

Global demand for agricultural commodities is the primary driver of deforestation, as land is cleared to extract timber and produce beef, soy, palm oil and biofuels.
These ‘forest risk commodities’ are the building blocks of millions of products traded globally and feature in the supply chains of countless companies.

http://www.forestdisclosure.com/docs/FFD_Scoring_Overview.pdf

Annual Review
On 10 February, 180 representatives of the corporate and financial sectors gathered in the City of London to hear at first-hand the results of the first Annual Review of the Forest Footprint Disclosure Project. The Review analyses questionnaires answered by 35 international companies that innovated by disclosing information that helps assess how their activities directly or indirectly contributed to deforestation.