Woodbois talks up high transparency ranking

Woodbois confirmed it had been placed seventh out of 97 companies on the SPOTT timber producers table in its inaugural year in the running on Thursday, as one of nine other companies which were ranked in the 'higher' segment of the transparency score range this year.

The AIM-traded firm SPOTT - the ‘Sustainability Policy Transparency Toolkit’ - was a platform created by the Zoological Society of London to assess commodity producers and traders on the public disclosure of each company's policies and operations, as well as their commitments to environmental, social and governance best practice.

It explained that, as sustainable forestry management became an “ever-increasing focal point” in the discussion to mitigate climate change and deforestation, Woodbois was “dedicated” to working alongside organisations such as the ZSL to help assess companies that were at the forefront of managing tropical forests.

“That our ESG practices and the transparency of our operational conduct should be of the highest standards, remains central to management's medium-term goals on behalf of all our stakeholders,” the Woodbois board said in its statement.

“We look forward to working with the SPOTT team for the 2019 iteration of Woodbois' assessment.”