Woodbois Limited (LSE:WBI) has been accepted as an associate member of the European Forest Institute (EFI), following the decision of the EFI board.
The EFI is an international organisation, established by European states with the purpose of undertaking research focused on forest policy, including its environmental aspects, the health of European forests, and on the supply of and demand for timber and other forest products and services in order to promote the conservation and sustainable management of forests in Europe.
Woodbois is African focused forestry, timber trading, reforestation and voluntary carbon credit company.
The company's chair and chief executive, Paul Dolan, said: "We join a global network of frontrunners in forest management and research who share a common goal to substitute the existing linear fossil economy for a circular bioeconomy.
"Sustainable forestry has a critical part to play in safeguarding nature's irreplaceable ecosystem services, as well as a principal role to serve in the supply of green building materials. We look forward to being part of this special forum and welcome the opportunity to share knowledge with a diverse group of innovators."
Associate members of the EFI have a right of vote at the conference and thus approve matters such as audited financial materials and work plans, and make decisions on the future plans and activities of EFI.