Forest Footprint Disclosure Second Annual Review Identifies Companies That Are Responding to Deforestation Risks
Forest Footprint Disclosure (FFD) has launched its second Annual Review, identifying how international companies that have direct exposure to forest risk commodities (FRCs) are responding to increasing pressure from deforestation.
These FRCs include timber, soy, cattle products, palm oil and biofuels.
Unfortunately, it appears that many of these FRCs are choosing to ignore deforestation risks. This year, FFD approached 285 companies for its annual review, and only 78 companies (27 percent) responded. (See the full list here.) In the Reveiw, FFD calls on more businesses to recognize the importance of changes in regulation and policy relating to protecting forested lands and the need for managements to assess their risk exposure in more detail.
“It’s not just environmental good sense, it makes increasingly sound business sense to understand and reduce deforestation pressures driven by agricultural expansion right now – to prepare for both future legislation and market opportunities,” Tracey Campbell, Director of the FFD Project, said.
More specifically, the review highlighted these four specific business impacts that could result from not engaging on this important issue: (more…)









