Grupo Nueva

Overall approach

1/12
- Overarching commitment on deforestation
  
  0/4
- Signatory to an initiative tackling deforestation
  
  0/1
- Awareness of the value of forests
  
  1/1
  
  Yes
  
  1/1
  
  "Masisa's operations seek to significantly reduce the risks of commercializing wood from unacceptable and questionable sources. For this, the Company seeks not to get involved in the trade of: [...] Wood from forests whose high conservation values are threatenedby management activities"
  
  Open source document
- Deforestation as a business risk
  
  0/1
- High-level management of deforestion
  
  0/1
- Executive compensation linked to deforestation
- Target to reduce emissions from land-use change
  
  0/2
- Reporting on emissions from land-use change
  
  0/2
- Disclosure of conservation activity
- Disclosure of reforestation activity
- Target to reduce emissions in scope 1/2
Commodity score

2/88
- Pulp & Paper
  
  0/88
  - Commitment Strength
    
    0/20
    - Commitment to protect priority forests
      
      0/8
      - Commitment details
        No commitment
        
        0/6
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
    - Commitment to reduce use of virgin wood fibre
      
      0/5
      - Commitment details
        No
        
        0/3
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
    - Commitment to a traceable supply chain
      
      0/6
      - Commitment details
        No traceability commitment
        
        0/4
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
  - Social Considerations
    
    0/18
    - Labour rights in the supply chain
      No
      
      0/4
    - Inclusion of small-scale farmers
      No
      
      0/4
    - Gender equality in the supply chain
      No commitment
      
      0/4
    - Commitment to remediation
      No
      
      0/2
    - Commitment to ensure Free, Prior and Informed Consent
      No
      
      0/4
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    0/50
    - Reporting against commitments
      
      0/2
      - Commitment to protect priority forests
        No
        
        0/1.7
      - Commitment to reduce use of virgin wood fibre
        No
        
        0/1.7
      - Commitment to a traceable supply chain
        No
        
        0/1.7
    - Reporting is independently verified
      
      0/1
      - Commitment to protect priority forests
        No
        
        0/1
      - Commitment to reduce use of virgin wood fibre
        No
        
        0/1
      - Commitment to a traceable supply chain
        No
        
        0/1
    - Suppliers aligned with deforestation commitments across supply chain
      No
      
      0/2
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      No
      
      0/2
    - Risk assessments for forest risk
      No
      
      0/2
    - Operations assessed to comply with law
      No
      
      0/2
    - Accessible grievance mechanism
      No
      
      0/4
    - Report volumes of commodity
      No reporting
      
      0/2
    - Report verified volumes of commodity
      No disclosure
      
      0/6
    - Upstream: Monitor compliance with human rights
      No
      
      0/4
    - Downstream: Publishing supplier lists
      No
      
      0/4
    - Downstream: Monitor compliance in supply chain
      No
      
      0/4
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      No engagement or exclusion
      
      0/2
    - Downstream: Disclosure of non-compliant suppliers
      No disclosure
      
      0/2
- Timber
  
  4/88
  - Commitment Strength
    
    4/20
    - Commitment to protect priority forests
      
      4/11
      - Commitment details
        Credible certification scheme
        
        2.7/8
        
        Commitment to protect priority forests
        
        Credible certification scheme
        
        2.7/8
        
        Own operations are mostly FSC-certified: "Masisa manages 152,114 thousand hectares of forest land, of which 96.5 thousand hectares correspond to plantations and forests, mainly pine and eucalyptus. Masisa's plantations in Chile and most of the plantations in Argentina have FSC (Forest Stewardship Council) certification [...] In Mexico, the Chihuahua plant is certified with FSC chain of custody [...] As of December 31, 2019, MASISA's forest equity is 299,454 hectares of land, which includes 190,027 hectares of forest plantations, distributed in Chile, Argentina and Venezuela. Most of its plantations are Forest Stewardship Council® (FSC®) certified." Timber suppliers have FSC requirement: "The purchase of wood supplies from companies certified by the FSC (current seal), is privileged on the same offer of quality and price.Masisa's industrial operations that do not have FSC certification of the chain of custody, should prioritize the purchase of inputs from controlled wood suppliers under the FSC-STD-40-005 standard.The purchase of native wood inputs is allowed as long as the unit has its chain of custody certified by FSC"
        
        Open source document
        Open source document
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/2
      - Target date
        Current/achieved
        
        1/1
        
        Target date
        
        Current/achieved
        
        1/1
        
        Own operations are mostly FSC-certified: "Masisa manages 152,114 thousand hectares of forest land, of which 96.5 thousand hectares correspond to plantations and forests, mainly pine and eucalyptus. Masisa's plantations in Chile and most of the plantations in Argentina have FSC (Forest Stewardship Council) certification [...] In Mexico, the Chihuahua plant is certified with FSC chain of custody [...] As of December 31, 2019, MASISA's forest equity is 299,454 hectares of land, which includes 190,027 hectares of forest plantations, distributed in Chile, Argentina and Venezuela. Most of its plantations are Forest Stewardship Council® (FSC®) certified." Timber suppliers have FSC requirement: "The purchase of wood supplies from companies certified by the FSC (current seal), is privileged on the same offer of quality and price.Masisa's industrial operations that do not have FSC certification of the chain of custody, should prioritize the purchase of inputs from controlled wood suppliers under the FSC-STD-40-005 standard.The purchase of native wood inputs is allowed as long as the unit has its chain of custody certified by FSC"
        
        Open source document
        Open source document
      - Interim target date
        Yes
        
        0.5/0.5
    - Commitment to a traceable supply chain
      
      0/9
      - Commitment details
        No traceability commitment
        
        0/5.3
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/2
      - Target date
        No target date
        
        0/1
      - Interim target date
        No
        
        0/0.5
  - Social Considerations
    
    0/18
    - Labour rights in the supply chain
      No
      
      0/4
    - Inclusion of small-scale farmers
      No
      
      0/4
    - Gender equality in the supply chain
      No commitment
      
      0/4
    - Commitment to remediation
      No
      
      0/2
    - Commitment to ensure Free, Prior and Informed Consent
      No
      
      0/4
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    0/50
    - Reporting against commitments
      
      0/3
      - Commitment to protect priority forests
        No
        
        0/2.5
        
        Commitment to protect priority forests
        
        No
        
        0/2.5
        
        Own operations are mostly FSC-certified: "Masisa manages 152,114 thousand hectares of forest land, of which 96.5 thousand hectares correspond to plantations and forests, mainly pine and eucalyptus. Masisa's plantations in Chile and most of the plantations in Argentina have FSC (Forest Stewardship Council) certification [...] In Mexico, the Chihuahua plant is certified with FSC chain of custody [...] As of December 31, 2019, MASISA's forest equity is 299,454 hectares of land, which includes 190,027 hectares of forest plantations, distributed in Chile, Argentina and Venezuela. Most of its plantations are Forest Stewardship Council® (FSC®) certified." Timber suppliers have FSC requirement: "The purchase of wood supplies from companies certified by the FSC (current seal), is privileged on the same offer of quality and price.Masisa's industrial operations that do not have FSC certification of the chain of custody, should prioritize the purchase of inputs from controlled wood suppliers under the FSC-STD-40-005 standard.The purchase of native wood inputs is allowed as long as the unit has its chain of custody certified by FSC"
      - Commitment to a traceable supply chain
        No
        
        0/2.5
    - Reporting is independently verified
      
      0/2
      - Commitment to protect priority forests
        No
        
        0/1.5
      - Commitment to a traceable supply chain
        No
        
        0/1.5
    - Suppliers aligned with deforestation commitments across supply chain
      No
      
      0/2
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      No
      
      0/2
    - Risk assessments for forest risk
      No
      
      0/2
    - Operations assessed to comply with law
      No
      
      0/2
    - Accessible grievance mechanism
      No
      
      0/4
      
      Accessible grievance mechanism
      
      No
      
      0/4
      
      Which issues does the grievance mechanism cover?: Social
      
      "MASISA has communication channels for direct or anonymous complaints related to the observance of its Business Principles, Standards of Ethical Conduct, Conflicts of Interest and any matter related to a possible regulatory breach of its internal control environment, its financial statements and situations. or events that require the attention of the Administration and / or the Board of Directors.For all complaints received, a timely, independent, confidential and non-retaliatory analysis of their issuers is ensured, through a process structured and monitored by the Risk and Audit Committee of the MASISA Board of Directors and independent of the Company's management.To send complaints, it can be done in writing in a confidential envelope in the name of the Secretary of the Risk and Audit Committee: Av. Apoquindo 3650, 10th floor, Las Condes, Santiago, Chile, by mail or in the following form"
      
      Open source document
    - Report volumes of commodity
      No reporting
      
      0/2
    - Report verified volumes of commodity
      No disclosure
      
      0/6
    - Upstream: Monitor compliance with human rights
      No
      
      0/4
    - Upstream: Impact assessments for land development/acquisition
      No
      
      0/4
    - Upstream: Reporting production/processing locations
      No disclosure
      
      0/4
    - Downstream: Publishing supplier lists
      No
      
      0/4
    - Upstream: Monitor compliance of production/processing
      No
      
      0/4
    - Upstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Monitor compliance in supply chain
      No
      
      0/4
      
      Downstream: Monitor compliance in supply chain
      
      No
      
      0/4
      
      Details of monitoring: Using internal monitoring and verification systems
      
      "MASISA has worked systematically with wood suppliers, in order to maintain a thorough knowledge of the fibers that enter the Company's plants, through a methodology of evaluation and qualification of its suppliers. For fiber suppliers that do not come from FSC® certified forests, surveys are applied to find out the source and method of obtaining it, validating this process with subsequent audits."
      
      Open source document
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      No engagement or exclusion
      
      0/2
    - Downstream: Disclosure of non-compliant suppliers
      No disclosure
      
      0/2
Commitment strength

2/20

Avg. score
Reporting and Implementation

0/50

Avg. score
Social considerations

0/18

Avg. score

Profile

Grupo Nueva is a forestry company based in Chile. Its subsidiary, Masisa, operates in the business of wood boards across Latin America. Grupo Nueva is selected as a powerbroker for timber and paper packaging.

Sector

Industry sector

Furniture & flooring, Home improvement

Segments

Producer, Trader, Processor, Manufacturer

Chile

Collective Commitments

Consumer Goods Forum member

New York Declaration on Forests signatory

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To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities.

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

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Grupo Nueva

Total

Score:

Total score:

3%

Profile

How we assess the Forest 500

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Grupo Nueva

Total

Score:

Total score: 3%

Profile

How we assess the Forest 500

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Total score:

3%