Mondi was recently awarded as the best performer in the Basic Materials Sector of the Forest Footprint Disclosure Project (FFD). The FFD Project is a new initiative, backed by 34 financial institutions with $3.5 trillion in collective assets under management. It was created to help investors identify how an organisation’s activities and supply chains impact deforestation and link this forest footprint to their value.
The FFD has the backing of investors, global NGOs and government and at the award launch in London on the 9th Feb 2010, Mondi and the other award recipients were recognised for taking a leading role in this important global initiative.
The first year of the FFD awards saw a good range of companies participating and the number of participants in 2010 is expected to increase sharply as more companies realise the value of public disclosure. Uwe Foelster, Group Head of Sustainable Development commented "Mondi was up against some of the largest global forestry companies and we are proud to have been recognised as a leader in sustainable development in our industry.
We are committed to certifying of all our owned and managed forests to FSC standards and have introduced standards and systems to ensure that we can trace the origins of our procured wood, virgin fibre and biomass. We also support the development of global methodologies for identifying and protecting High Conservation Value (HCV) areas and have set aside HCV Forests in Komi, Russia and Ecological Networks in our South African plantations".
