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  • Overall approach
    2/16
    • Overarching commitment on deforestation
      0/6
      Deforestation commitment
      Commodity-specific commitment
      0/6
      Commodities (if applicable): Timber
      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
    • Signatory to an initiative tackling deforestation
      1/1
      Signatory
      Yes
      1/1
      "The Sustainable Development Council, made up of country managers and corporate managers, proposes MASISA's Sustainability Strategy for the medium and long term; defines: leadership policies, programs and goals to ensure that MASISA achieves world-class social, environmental, and health and safety management standards; identifies and reports emerging issues; and supports the executives of MASISA and its subsidiaries in meeting their goals. It also coordinates compliance with the Principles of the United Nations Global Compact."
      Open source document
    • Awareness of the value of forests
      1/1
      Awareness
      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
      0/3
    • Reporting on emissions from land-use change
      0/3
    • Disclosure of conservation activity
    • Disclosure of reforestation activity
  • Commodity score
    14/84
    • Pulp & Paper
      4/84
      • Commitment Strength
        0/28
        • Commitment to protect priority forests
          0/12
          • Commitment details
            No commitment
            0/8
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1.3
          • Interim target date
            No
            0/0.7
        • Commitment to reduce use of virgin wood fibre
          0/8
          • Commitment details
            No
            0/4
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1.3
          • Interim target date
            No
            0/0.7
        • Commitment to a traceable supply chain
          0/8
          • Commitment details
            No traceability commitment
            0/4
          • Commitment applies to all regions, suppliers and operation
            No
            0/2
          • Target date
            No target date
            0/1.3
          • Interim target date
            No
            0/0.7
      • 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 commitment
          0/4
      • Reporting and Implementation
        4/38
        • Reporting against commitments
          0/6
          • Commitment to protect priority forests
            No
            0/2
          • Commitment to reduce use of virgin wood fibre
            No
            0/2
          • Commitment to a traceable supply chain
            No
            0/2
        • Reporting is independently verified
          0/4
          • Commitment to protect priority forests
            No
            0/1.3
          • Commitment to reduce use of virgin wood fibre
            No
            0/1.3
          • Commitment to a traceable supply chain
            No
            0/1.3
        • 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
          Yes
          4/4
          Accessible grievance mechanism
          Yes
          4/4
          Details of the mechanism: Social

          Does the company publish grievances that have been made against it, as well as responses and resolutions including status and timeframes: No

          What is the nature of the grievance mechanism used by the company (own mechanism, that of external company, internationally recognised mechanism, focused on social issues, focused on environmental issues, etc.)?: Communication channels for complaints
          "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
          0/4
        • Downstream: Publishing supplier lists
          No disclosure
          0/4
        • Downstream: Monitor compliance in supply chain
          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
      23/84
      • Commitment Strength
        11/28
        • Commitment to protect priority forests
          11/17
          • Commitment details
            Zero-gross deforestation
            8/10.7
            Commitment to protect priority forests
            Zero-gross deforestation
            8/10.7
            Which certification schemes are used?: FSC
            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
            0/3
            Commitment applies to all regions, suppliers and operation
            No
            0/3
            If no, what is excluded?: Location
            Not all plantations are FSC-certified - 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."
            Open source document
            Open source document
          • Target date
            Current/2020/Pre-2020
            2/2
            Target date
            Current/2020/Pre-2020
            2/2
            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
            1/1
            Interim target date
            Yes
            1/1
            What date is given for the interim milestone(s)?: Current
            Target date is current - see 3.2
            Open source document
            Open source document
        • Commitment to a traceable supply chain
          0/11
          • Commitment details
            No traceability commitment
            0/5.3
          • Commitment applies to all regions, suppliers and operation
            No
            0/3
          • Target date
            No target date
            0/2
          • Interim target date
            No
            0/1
      • Social Considerations
        0/18
        • Labour rights in the supply chain
          No
          0/4
          Labour rights in the supply chain
          No
          0/4
          Open source document
        • 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 commitment
          0/4
      • Reporting and Implementation
        12/38
        • Reporting against commitments
          3/6
          • Commitment to protect priority forests
            Yes
            3/3
            Commitment to protect priority forests
            Yes
            3/3
            (Downstream only) How much of this is in protected areas, primary forests, intact forest landscapes, and/or peatlands?: 0 Not specified

            (Producers only) How many hectares of deforestation and/or conversion have occurred since the commitment cut-off date on land owned, controlled, or managed by the company?: 0 Not specified

            (Upstream only) How many hectares of land owned, controlled or managed is certified?: 0 Not specified

            (Downstream only) How many hectares of deforestation and/or conversion have occurred since the commitment cut-off date in the operations of the company's direct or indirect suppliers?: 0 Not specified

            (Producers only) How much of this is in protected areas, primary forests, intact forest landscapes, and/or peatlands?: 0 Not specified
            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 to a traceable supply chain
            No
            0/3
        • Reporting is independently verified
          2/4
          • Commitment to protect priority forests
            Yes: third-party
            2/2
            Commitment to protect priority forests
            Yes: third-party
            2/2
            For what percent of the company’s supply volume is third-party verification of performance relative to commitments conducted?: 0 Not specified

            Which processes or groups does the company use for third party verification?: FSC

            Which tools, approaches, third-party verification, including certification, schemes are used?: FSC

            What percent of the company’s supply volume is verified using company verification systems?: 0 Not specified

            Is the performance of compliance of some suppliers, sources, or origins not verified, and if so why not?: not specified
            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 to a traceable supply chain
            No
            0/2
        • Deforestation cut off date
          No
          0/2
        • Collaborative actions
          Yes
          2/2
          Collaborative actions
          Yes
          2/2
          What initiatives does the company participate in?: Habitat Foundation

          What is the nature of that participation?: Providing support/advice/experience/expertise
          "The collaboration initiative with the Habitat Foundation to create a conservation corridor in the town of Corrientes, continued to be developed during 2018 In addition, a communication was developed with local communities explaining the importance of this corridor for threatened species"
          Open source document
        • Risk assessments for forest risk
          No
          0/2
        • Operations assessed to comply with law
          No
          0/2
        • Accessible grievance mechanism
          Yes
          4/4
          Accessible grievance mechanism
          Yes
          4/4
          Does the company publish grievances that have been made against it, as well as responses and resolutions including status and timeframes: No

          What is the nature of the grievance mechanism used by the company (own mechanism, that of external company, internationally recognised mechanism, focused on social issues, focused on environmental issues, etc.)?: Communication channels for complaints

          Details of the mechanism: 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
          0/4
        • Upstream: Impact assessments for land development/acquisition
          No
          0/4
          Upstream: Impact assessments for land development/acquisition
          No
          0/4
          Open source document
        • Upstream: Reporting production/processing locations
          No disclosure
          0/4
        • Downstream: Publishing supplier lists
          No disclosure
          0/4
        • Upstream: Monitor compliance of production/processing
          Yes using a third-party monitoring system
          4/4
          Upstream: Monitor compliance of production/processing
          Yes using a third-party monitoring system
          4/4
          What tools, processes, bodies carry out monitoring of the company's production or processing operations?: Evaluation of FSC certification by external companies

          For what percentage of suppliers does the company use/rely on external mechanisms to monitor compliance?: 0 Not specified

          How frequently is compliance assessed?: Annually

          Does the company use a certification system?: Yes

          If so, what jurisdictions and mechanisms does the company use?: Not specified

          Does the company use a jurisdictional monitoring mechanism?: No

          For what percentage of production or primary processing operations that it owns, manages, or otherwise controls does the company use external processes or actors, such as certification, to monitor compliance?: 0 Not specified
          [Translation] "Forest Monitoring Results -We invite you to know the results of forest monitoring on the following elements and indicators:Yield of harvested forest products.Growth rate, renewal and condition of the forest.Monitoring of the composition and changes observed in the flora and fauna.Monitoring the environmental and social impacts of the harvest and other operations.Costs, productivity and efficiency of forest management.Work and Occupational Safety.Forest environmental services.Protection.Certifications.To review the report, visit: [link to 2018 report]." [Translation] "MASISA has a formal and systematic process, through which it supports risk management for its businesses. This process includes among its main components: [...] Certification evaluations (ISO, OHSAS, FSC®) carried out by external companies."
          Open source document
          Open source document
          Open source document
        • Downstream: Monitor compliance in supply chain
          Yes for its suppliers only
          3/4
          Downstream: Monitor compliance in supply chain
          Yes for its suppliers only
          3/4
          For what percent of suppliers does the company directly monitor compliance of production or processing operations?: 0 Not specified

          Details of monitoring: Using internal monitoring and verification systems

          For what percentage of suppliers does the company use/rely on external mechanisms to monitor compliance?: 0 Not specified

          How frequently is compliance assessed?: Not specified

          What percentage of the company's supply chain volume does that represent?: 0 Not specified
          [Translation] "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: Engagement with non-compliant suppliers
          No engagement or exclusion
          0/2
        • Downstream: Disclosure of non-compliant suppliers
          No disclosure
          0/2
  • Commitment strength
    6/28
    Avg. score
  • Reporting and Implementation
    8/38
    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
HQ
HQ 
Chile
Collective Commitments
Consumer Goods Forum member
New York Declaration on Forests signatory

How we assess the Forest 500

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

All assessments use policies published on company websites, some links may have changed or been removed since the time of assessment.

Full corporate sector performance data Forest 500 assessment methodology

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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.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.