Woodbois Regulatory News (WBI)

15 August 2019

Woodbois Limited

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

(AIM: WBI)

SPOTT Transparency Assessment

In its inaugural year of assessment, Woodbois has been placed 7th out of 97 companies on the SPOTT timber producers table, as one of only 9 other companies which were ranked in the 'higher' segment of the transparency score range this year.

SPOTT, Sustainability Policy Transparency Toolkit, is an online platform created by the Zoological Society of London to assess commodity producers and traders on the public disclosure of each company's policies and operations, as well as their commitments to environmental, social and governance (ESG) best practice.

As sustainable forestry management becomes an ever-increasing focal point in the discussion to mitigate climate change and deforestation, Woodbois is dedicated to working alongside organisations such as the ZSL to help assess companies that are at the forefront of managing tropical forests.

That our ESG practices and the transparency of our operational conduct should be of the highest standards, remains central to management's medium-term goals on behalf of all our stakeholders.

We look forward to working with the SPOTT team for the 2019 iteration of Woodbois' assessment. 

To see the SPOTT assessment for all 97 companies, please click here.

To see Woodbois' 2018 Sustainability Report, please click here.