In the Media
More big companies disclosing impacts on forests
February 08, 2012
mongabay.com
More companies are reporting on the impact of their operations on global forests, finds a new report. Eighty-seven global corporations disclosed their “forest footprint” in 2011, according to the third Forest Footprint Disclosure (FFD), which asks companies to report on their impact on forests based on their use of five commodities: soy, palm oil, timber and pulp, cattle, and biofuels. This is a 11 percent rise from the companies that reported in 2010, including the first reports by companies such as the Walt Disney Company, Tesco UK, and Johnson & Johnson. However a number of so-called “green” companies continue to refuse to disclose, including Patagonia, Stonyfield Farms, and Whole Foods Markets Inc.
The new report also shows who didn’t disclose. One sector in particular—oil and gas—has refused to participate. Major producers like BP, Chevron, Exxon Mobil, Conoco Phillips, Royal Dutch Shell, Total, Valero Energy, and Petrobas failed to analyze and disclose their forest footprint.
“The time to act is now: there is a commercial imperative and the risks to the world’s forests are too great to wait. More companies need to wake up to the risks deforestation presents in their portfolios. Who wants to finance the destruction of life on earth, especially when it undermines wealth creation itself?” said FFD Chairman, Andrew Mitchell, in a press release.
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Keywords: carbon footprint, FFD, Forest, forest footprint, mining, oil, palm oil, private sector