B&Q parent Kingfisher has joined major companies committed to the Forest Footprint Disclosure project in which high profile businesses have been asked to audit their impact on forest risk commodities.
The project is the brainchild of the Global Canopy Programme and is targeted at Fortune 500 and FTSE 350 companies. The results will identify key areas in their supply chains, such as palm oil, soya, timber, biofuels, beef and leather, and the information made available to investors.
Adidas, British Airways, Kingfisher and Sainsbury’s are among those that have agreed to submit responses to FFD. The first collated report will be published in January.
A Kingfisher spokesman said: “As a founding member of the Forest Stewardship Council and one of the first retailers to receive full chain of custody certification, Kingfisher/B&Q has pioneered initiatives on sustainable timber since the 1990s. There is still work to do to help investors understand the value of responsible procurement policies.”
