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THE FOREST FOOTPRINT DISCLOSURE PROJECT General Presentation Autumn 2009 Food and Drink Innovation Network January 2010 Tracey Campbell, Director.

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Presentation on theme: "THE FOREST FOOTPRINT DISCLOSURE PROJECT General Presentation Autumn 2009 Food and Drink Innovation Network January 2010 Tracey Campbell, Director."— Presentation transcript:

1 THE FOREST FOOTPRINT DISCLOSURE PROJECT General Presentation Autumn 2009 Food and Drink Innovation Network January 2010 Tracey Campbell, Director

2 Agriculture as a Deforestation Driver Demand for food (particularly meat) and manufactured goods rises with population and per capita income Increase in supply of some key primary products focused on territories currently or recently forested. ‘Forest Risk Commodities’: Cattle, Palm Oil, Soy Timber & Biofuels

3 Aims of Forest Footprint Disclosure Highlight the involvement of a company’s extended supply chain with FRCs and thus deforestation Review the state of these supply chains annually using original data from an annual disclosure request Provide a platform for review of trends and opportunities to improve the sustainability process Deliver valuation and risk information to investors TO REDUCE THE UNSUSTAINABLE GLOBAL FOREST FOOTPRINT

4 Copenhagen- Key FRC Issues Raised awareness of carbon life cycle in supply chains further – Livestock and source of pasture both under increasing scrutiny – Land use change for plantations incorporated into mandated biofuel calculations as well as food usage Positive pricing for standing forests – Land bank usage opportunity costs changing – Alternative finance becoming available may make degraded land more viable – Change in location of supply sources

5 The Brazilian Cattle Industry Largest commercial beef herd in the world Largest supplier of hides to the leather industry in the world Extensive cattle ranching, often on cleared forest areas, has been common Double-damage to the carbon cycle: loss of trees and methane from cows Perverse incentives are subsidising this change until recently

6 2009: a Year of Great Change Two major reports published – ‘Time to Pay the Bill’ –Amigos da Terra, April – ‘Slaughtering the Amazon’- Greenpeace, May June 12 th :local supermarkets announced they would stop selling meat sourced from suspect ranches June: Marfrig and Bertin (meatpackers) commit to disowning ranches associated with slave labour and deforestation July: Nike, adidas, Timberland and C&J Clark give suppliers 12 months to put in place necessary traceability schemes Federal Public Prosecutor issues >$1bn of lawsuits to ensure ranchers and meatpackers comply with environmental, land tenure and labour laws

7 Palm Oil ‘Sunk cost’ of deforestation to be incorporated into carbon calculations- exact metrics unclear Land banks may be affected New territories without deforestation baggage may gain in attraction

8 Copenhagen’s Legacy? Supranational process too slow – increasing likelihood of national regulation patchwork driven by local interests Voluntary roundtables not keeping up with carbon economy mindset Companies are ‘doing it for themselves’ despite absence of a level playing field Forest funding is more clearly identified but no channel to deliver it established (yet)

9 FFD Annual Review Launch When? 10 th February 2010 Time? am pm Where? One Moorgate Place, London EC2 Interested? Registration is required so please contact – Tracey Campbell at this conference – by

10 Thank You for your interest


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