A new initiative called the Forest Footprint Disclosure Project (FFD Project) has been launched with help from the UK government and with the backing of 12 major financial institutions with over $1.3 trillion in assets under management.

The FFD Project will run in parallel to the Carbon Disclosure Project (CDP), the world’s largest resource of corporate greenhouse gas emissions data. The aim is to get corporations to disclose how their activities and supply chain practices lead to tropical deforestation.

A forest footprint is defined as “the total amount of deforestation caused directly or indirectly by an individual, organisation or product.”