Woodbois Ltd (AIM:WBI) said it was ranked eighth in the annual Sustainability Policy Transparency Toolkit (SPOTT) ESG policy transparency assessments for the worldwide timber and pulp industries.
One hundred timber and pulp companies that control over 44 million hectares of land were assessed, the Africa-focused forestry and timber trading group said in a statement.
READ: Woodbois on track for ‘strong’ full-year revenue and profitability growth
“We are pleased to announce our ranking within the top 10 of the SPOTT tropical timber producers table for the fourth year in succession,” Woodbois CEO Paul Dolan said.
“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.”