RCS - Woodbois Limited - Woodbois joins The Circular Bioeconomy Alliance

WoodboisAnnouncement

18/11/2021 07:05

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RNS Number : 7477S  Woodbois Limited  18 November 2021

18 November 2021

Woodbois Limited

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

 

Woodbois joins The Circular Bioeconomy Alliance

The Alliance is founded under the patronage of His Royal Highness The Prince
of Wales

 

Woodbois Limited (AIM: WBI), the African focused forestry, timber trading,
reforestation and voluntary carbon credit company, is pleased to announce it
has joined The Circular Bioeconomy Alliance ("CBA"), an organisation that
brings sustainability focused enterprises together and places nature at the
heart of restoring the global circular bioeconomy.

 

The CBA was established by His Royal Highness, The Prince of Wales, in his
Sustainable Markets Initiative in 2020. The organisation aims to accelerate
the transition to a circular bioeconomy that is climate neutral, inclusive and
prospers in harmony with nature. The Alliance provides knowledge-informed
support as well as a learning and networking platform to connect the dots
between investors, companies, governmental and non-governmental organisations
and local communities to advance the circular bioeconomy while restoring
biodiversity globally.

 

Woodbois is one of six new members joining the CBA, with the group's current
activities including forest landscape restoration and agroforestry projects in
Africa, Europe, South America and Asia. Other partners include AstraZeneca,
Lombard Odier (which owns a 21.3% interest in the Company), The World Economic
Forum and other blue chip sustainability driven organisations.

 

What is a Circular Bioeconomy

 

A circular bioeconomy relies on healthy, biodiverse and resilient ecosystems.
It aims to provide sustainable wellbeing through the provision of ecosystem
services and the sustainable management of biological resources. These are
transformed in a circular manner into food, feed, energy and biomaterials -
within the ecological boundaries of the ecosystems that it relies on.

 

Executive Chair, Paul Dolan, said:

 

"We are delighted to be joining a group of likeminded organisations at the
Circular Bioeconomy Alliance who share a common goal to move away from a
traditional linear fossil-fuel based economy, towards a sustainable circular
bioeconomy.

 

Natural capital can be found at the heart of all Woodbois' operations - we
recognise the critical role forest ecosystem services play in regulating
climate, harbouring biodiversity, supporting rural livelihoods, and producing
renewable materials for a green economy.

 

The CBA presents an invaluable platform for circulating knowledge and
developing partnerships in order to ensure a resilient future. We look forward
to contributing to critical discussions and sharing important lessons from our
own experience developing reforestation projects, sustainably managing natural
forests, and producing wood-based materials for low-carbon construction."

 

Enquiries:

 

 Woodbois Limited

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

 Federico Tonetti - CEO

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

 Henry Fitzgerald-O'Connor

 James Asensio

 Thomas Diehl

 Celicourt Communications (IR/PR)                  +44 (0)20 8434 2643

 Mark Antelme                                      woodbois@celicourt.uk (mailto:woodbois@celicourt.uk)

 Jimmy Lea

About The Circular Bioeconomy Alliance

 

The diversity of the CBA's members reflects the nature of the Alliance, which
includes large and small intergovernmental organizations, companies,
investors, research organizations and NGOs, who provide expertise and
implement projects in areas related to the circular bioeconomy.

 

https://efi.int/cba (https://efi.int/cba)

 

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 optimise trading opportunities
with its global customer base.

 

The Company's carbon sequestration and trading division, which was formed in
March 2021, aims 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 recognised by The Zoological Society of London, which
ranked Woodbois joint sixth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2021.

 

Please follow the Company on Twitter: @WoodboisLtd

 

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