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Overall approach1/14
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Overarching commitment on deforestation6/6
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Signatory to an initiative tackling deforestation0/1
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Awareness of the value of forests1/1
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Target to reduce emissions from land-use change0/3
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Reporting on emissions from land-use change0/3
-
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Commodity score54/86
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Timber54/86
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Commitment Strength33/36
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Commitment to protect priority forests18/21
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Commitment detailsForest-related commitment8/10.7
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Commitment applies to all sourcing regionsYes1.5/1.5
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Commitment applies to all operationsYes1.5/1.5
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Commitment applies to all direct suppliersYes1.5/1.5
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Commitment applies to all indirect suppliersYes1.5/1.5
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Target dateCurrent2/2
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Target is quantifiableYes2/2
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-
Commitment to a traceable supply chain15/15
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Commitment detailstraces to Point of production5.3/5.3
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Commitment applies to all sourcing regionsYes1.5/1.5
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Commitment applies to all operationsYes1.5/1.5
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Commitment applies to all direct suppliersYes1.5/1.5
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Commitment applies to all indirect suppliersYes1.5/1.5
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Target dateCurrent2/2
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Target is quantifiableYes2/2
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-
-
Reporting and Implementation11/34
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Reporting against commitments3/6
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Commitment to protect priority forestsYes3/3
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Commitment to a traceable supply chainNo0/3
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Reporting is independently verified2/4
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Commitment to protect priority forestsYes2/2
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Commitment to a traceable supply chainNo0/2
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Deforestation cut off dateNo0/2
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Monitoring and verification of supplier complianceNo monitoring0/4
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Engagement with non-compliant suppliersEngage with suppliers but with no time-bound threat of exclusion2/4
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Publishing supplier listsNo disclosure0/4
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Accessible grievance mechanismNo0/4
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Collaborative actionsNo0/2
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Report volumes of commodityFull4/4
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Social Considerations10/16
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Commitment to ensure Free, Prior and Informed ConsentYes4/4
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Labour rights in the supply chainNo0/4
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Gender equality in the supply chainInclusion of women in the supply chain2/4
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Inclusion of small-scale farmersYes4/4
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-
-
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Commitment strength33/36
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Reporting and Implementation11/34
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Social considerations10/16
Profile
Precious Woods is a Swiss based company involved in the cultivation, processing and trading of tropical timber. It manages forests in both Brazil and Gabon. In 2016, its Brazilian forestry concessions amounted to more than 500,000 hectares, making Precious Woods one of the largest Brazilian forestry companies. In Gabon, Precious Woods’ forestry concessions total more than 600,000 hectares as of 2016. The company has sawmills and manufacturing facilities in both regions, which processed more than 200,000 cubic metres of timber in 2015. Precious Woods is also a major timber trader in Europe.
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.
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