Paul Simpson, Chief Executive Officer at CDP, says, “Companies that regularly respond to CDP’s Forests Program are now identifying many more of the opportunities available to them, including securing their supply chain against the risks associated with deforestation and commodity sourcing. This in turn is helping to secure shareholder value.”
“Different parts of the supply chain are moving at different rates to tackle this issue. What is clear is that leading companies, as identified by CDP, are those that are bringing their supply chains with them on this journey.”
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CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US $ 92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. For more information, visit www.cdp.net.
About CDP’s Forests Program
CDP’s Forests Program was formerly known as the Forest Footprint Disclosure Project, an initiative first pioneered by the Global Canopy Programme (www.globalcanopy.org). CDP began managing FFD’s operations in February 2013 as part of a two year strategic merger to provide companies and investors with a single source of information for the interrelated issues of the climate, water and forests. In February 2014, FFD became fully integrated with CDP to become the forests program. The Global Canopy Programme remains a prime funder for the program and acts as the principal advisor on forests and forest risk commodities to CDP.