Stora Enso has been rated as sector leader in the Forest Footprint Disclosure (FFD) Review for 2011 published in London. This recognition rewards the company for managing and transparently reporting its forest footprint.
A ‘forest footprint’ measures the total amount of deforestation caused directly or indirectly by an organisation or product. Many businesses unknowingly source products that contribute to deforestation in their supply chains, and their resulting forest footprint can create unexpected valuation risks and add to their climate change impacts. The Forest Footprint Disclosure Review analyses questionnaire responses submitted by international companies who disclose information to FFD in order to assess how their activities directly or indirectly contribute to deforestation.
“We are very proud of this recognition, as responsible forestry is one of the cornerstones for Stora Enso’s business” says Antti Marjokorpi, SVP Group Forest Operations. “We use third-party-verified traceability systems to ensure that we know the origin of all the wood we use. We also promote credible forest certification, certify the forests and tree plantations we manage, and continuously provide training for our employees and partners about responsible forestry. But we do not feel that this work is complete, and we are still working hard to improve our performance every year.”
Stora Enso has now been ranked in the FFD review as the leading performer in its sector for two years running. The Forest Footprint Disclosure project was launched by the Global Canopy Foundation in 2008. FFD invites companies to disclose their current understanding of their ‘forest footprint’, based on their direct or indirect utilisation of five key commodities linked to deforestation – soy, palm oil, timber, cattle products and biofuels.
The information disclosed by the companies is assessed and scored against a matrix. FFD aims to go beyond disclosure and encourage investors to engage with the companies in their portfolios on issues related to deforestation. Read the whole 2011 Forest Footprint Disclosure review at http://www.forestdisclosure.com/