RCS - Woodbois Limited - Eighth Ranking in SPOTT Transparency Assessment

WoodboisAnnouncement

17/08/2022 07:00

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RNS Number : 2389W  Woodbois Limited  17 August 2022

17 August 2022

Woodbois Limited

 

("Woodbois", the "Group" or the "Company")

 

Eighth Ranking in SPOTT Transparency Assessment

 

Woodbois Limited (AIM: WBI), the African-focused forestry, timber trading,
reforestation and voluntary carbon credit company, is pleased to announce it
has been ranked eighth in the annual Sustainability Policy Transparency
Toolkit ("SPOTT") ESG policy transparency assessments for the worldwide timber
and pulp industries. 100 timber and pulp companies that control over 44
million hectares of land were assessed.

The continued recognition of Woodbois' ESG practices and the transparency of
its disclosures is a strong endorsement of the Company's ethos and
practices.  As the importance of sustainable forestry management increasingly
becomes a focal point in the mitigation of deforestation and climate change,
Woodbois is dedicated to being at the forefront of transparency and best
practice.

The rankings can be viewed at: https://www.spott.org/timber-pulp/
(https://www.spott.org/timber-pulp/)

CEO Paul Dolan said: We are pleased to announce our ranking within the top 10
of the SPOTT tropical timber producers table for the fourth year in
succession. The Company actively strives to improve its performance across all
areas of the business with a core focus being on Woodbois' governance and
sustainability frameworks. Our continued high ranking by an independent third
party like SPOTT further demonstrates that as a business we are committed to
adopting the highest standards possible throughout the organization.

 

Enquiries:

 Woodbois Limited

 Paul Dolan - Chief Executive Officer      + 44 (0)20 7099 1940

 Carnel Geddes - Chief Financial Officer

 Canaccord Genuity, Nominated Advisor      + 44 (0)20 7523 8000

 Henry Fitzgerald-O'Connor

 James Asensio

 Gordon Hamilton

Background on Woodbois

Woodbois Limited (AIM: WBI) is an African-focused forestry company, divided
into three distinct, but highly complementary divisions comprising the
production and supply of sustainable African hardwood products, the trading of
hardwood and hardwood products, and a reforestation and carbon credit
division.

 

Woodbois' forestry division has production facilities in Gabon and Mozambique,
managing a total of c470,000 hectares of natural forest concessions. The
trading division comprises a highly experienced team of timber specialists,
who source and supply sustainable timber to a global customer base. Its
proprietary technology developed in-house, captures, stores, and presents
data, providing a matching engine to build scale and optimize trading
opportunities with its global customer base.

 

The Company's carbon sequestration and trading division were formed in March
2021 and aim to generate voluntary carbon credits for corporate partners
through the delivery of large-scale reforestation projects.

 

The Company's focus on the transparency and sustainability of its timber
operations has been recognized by The Zoological Society of London, which
ranked Woodbois eighth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2022.

 

Please follow the Company on Twitter: @WoodboisLtd Please LinkedIn: Woodbois
Limited

 

About SPOTT

SPOTT, the online platform created by the Zoological Society of London
('ZSL'), annually assesses multiple worldwide timber and pulp producers and
traders on the public disclosure of their policies, operations and commitments
to Environmental, Social and Governance ("ESG") best practice.

 

Further information on SPOTT can be found on their website:
https://www.spott.org/ (http://www.spott.org/)

 

 

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