Future-proofing revenue & brand equity:New tool reveals deforestation 'hotspots' along supply chains
Zurich, Switzerland, 5 December, 2016 - Until recently, actionable information on forest trends has been scarce, with little data available on the causes and effects of deforestation in corporate commodity sourcing. According to the latest corporate forest report by CDP, launched today, only 30% of the manufacturers and retailers who participated in the study are able to trace deforestation-linked commodities back to the point of origin. The inability to assess exposure to deforestation has been a challenge especially for the fast-moving consumer goods industry, where companies are increasingly pushed to take action on forest and greenhouse gas (GHG) emission related risks along their supply chains.
This is the key obstacle that the BigChainTool tackles: by integrating cloud-sourced big data with satellite mapping and premium GHG accounting, the tool delivers high-quality maps and automatically generated reports on a specific commodity production zone. Developed by South Pole Group, with the support of Open Forests and with co-finance from EIT Climate-KIC, the tool opens the black box of corporate forest management in the most remote regions of developing countries.