Adidas, British Airways, Sainsbury’s Working With Forest Footprint Disclosure Project

October 10, 2009

Email this story Print this post Add your comments

Adidas, British Airways, Kingfisher and Sainsbury’s are among the big name companies that pledge to answer a questionnaire about “forest risk commodities” for the Forest Footprint Disclosure (FFD) Project, reports Freshbusinessthinking.com.

A key goal of the FFD Project is to help the financial community and businesses understand their forest footprint, a measure of their commodities use in their supply chains, which may contribute to deforestation. The project is also designed to help businesses take action to minimize their impact.

The detailed questionnaire is targeted at Fortune 500 and FTSE 350 companies with high potential impacts on forests caused by the use of forest risk commodities (PDF) in their supply chains, such as palm oil, soya, timber, biofuels, beef and leather. It was designed by the FFD Project specifically to help companies identify how and where forest impact could be improved in their operations.

The new initiative is endorsed by 26 asset manager companies with collective funds under management of $2.9 trillion that believe unsustainable commodities could cause a future valuation risk to their investments.

Summary results will be published in the January 2010 annual report. The published report will identify companies that have generated innovative strategies for managing their risk and those that have declined or ignored the FFD Project request to disclose their current forest footprint.

After this baseline year a best-in-class ranking will be developed for future editions.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader