Woodbois Ltd (LON:WBI), the African-focused forestry and timber trading company, has ranked third in the Sustainability Policy Transparency Toolkit (SPOTT) ESG policy transparency assessments for the worldwide timber and pulp industries.
SPOTT, the online platform created by the Zoological Society of London, 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 best practice.
Woodbois was recognised as the highest-ranked public company.
The company has made a number of commitments in its recently published Sustainability Report for 2019 to further align operating practices with specific UN Sustainable Development Goals.
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.
"We are delighted to announce that, in only our second year of assessment, our ranking has improved to third place out of 103 companies in the SPOTT timber producers table,” Woodbois chief executive Paul Dolan said in a statement.
“We consistently strive to improve the standards of our ESG policies, providing transparency and good governance along with our sustainability focussed operating model. The recognition of this by SPOTT independently validates these policies and we have a secure foundation to build upon," he added.