February 2012: Unilever joint sector leader in 2011 Forest Footprint Disclosure Annual Review
Unilever’s efforts towards creating sustainable supply chains for palm oil, paper and board, and soy have been recognised in the Forest Footprint Disclosure’s (FFD) third Annual Review.
Rasing the bar
In 2011, 87 companies responded to the FFD’s annual Disclosure Request, up from 35 in 2010. FFD named Unilever, along with Nestlé, joint leader of the Food Products and Soft Drinks sector in its 2011 Annual Review which includes the results of its analysis of companies’ responses.
The Review highlighted how the Unilever Sustainable Living Plan is raising the bar for others to follow, with its commitment to sourcing 100% of agricultural raw materials sustainably.
“The Unilever Sustainable Living Plan commits us to halve the greenhouse impacts of our products by 2020. Since deforestation is one of the largest contributors to global greenhouse gas emissions, it is critical that we eliminate any trace of deforestation from our supply chain. Surveys such as the Forest Footprint Disclosure Project give us an objective assessment of how our management of this complex issue compares with our peers,” said Gavin Neath, SVP Sustainability at Unilever.
FFD called on more global trading companies to respond to the Disclosure Request in its analysis of the Food Products and Soft Drinks sector, adding that companies across the full value chain need to address the current challenges of global food security, increasing consumption and the effect of climate change on food production.
About the FFD
Initiated in 2008, the FFD engages with private sector companies on behalf of more than 70 financial institutions who manage over $7 trillion in assets. Its annual Disclosure Request asks companies to disclose their current understanding of their ‘forest footprint’ based on their exposure to five key commodities - soy, palm oil, timber, cattle products and biofuels - in their operations and/or supply chains. Investors use the results to benchmark companies for investment decisions, assess the quality of their supply chain management and identify best practice.
See related links to find out more about the FFD and read its third Annual Review.