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Overall approach6/10
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Overarching commitment on deforestation4/4
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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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Deforestation as a business risk0/1
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High-level management of deforestion1/1
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Executive compensation linked to deforestation
-
Target to reduce emissions from land-use change0/1
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Reporting on emissions from land-use change0/1
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Disclosure of conservation activity
-
Disclosure of reforestation activity
-
Target to reduce emissions in scope 1/2
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Commodity score53/90
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Timber53/90
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Commitment Strength17/17
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Commitment to protect priority forests10/9.5
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Commitment detailsZero-gross conversion6/6
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Commitment applies to all regions, suppliers and operationYes2/2
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Target dateCurrent/achieved1/1
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Interim target dateNA (target date current or achieved or 2023)0.5/0.5
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Commitment to a traceable supply chain8/7.5
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Commitment detailsTraces to Point of production4/4
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Commitment applies to all regions, suppliers and operationYes2/2
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Target dateCurrent/achieved1/1
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Interim target dateNA (target date current or achieved or 2023)0.5/0.5
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-
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Associated Human Rights Abuses10/17
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Labour rights in the supply chainYes3/3
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Inclusion of small-scale farmersYes2/2
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Gender equality in the supply chainCommitment to address the inclusion of women and ensure equality in commodity supply chains2/2
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Commitment to remediationYes1/1
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Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to test for FPIC prior to acquiring new interests, developments, or expansions2/3
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Commitment to resolve land conflictsNo0/3
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Zero-tolerance approach to violence and threatsNo0/3
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Implementation and Reporting26/56
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Reporting volumes against commitmentsNo disclosure3/3
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Reporting is independently verifiedNo0/2
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Suppliers aligned with deforestation commitments across supply chainNo0/3
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Deforestation cut off dateYes, for all sourcing regions/operations2/2
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Collaborative actionsYes2/2
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Jurisdictional approach focused on sustainable land useNo0/2
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Risk assessments for forest riskYes2/2
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Operations assessed to comply with lawYes2/2
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Accessible grievance mechanismNo0/4
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Report volumes of commodityReporting total volume3/3
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Upstream: Monitor compliance with human rightsYes, and publishes evidence of actions taken to implement its commitment on labour rights in the production or primary processing operations that it owns, manages or otherwise controls or its supply chains; Yes, company discloses how many land developments or site acquisitions, by either itself or its suppliers, indicated the use of FPIC to test for consent of indigenous peoples/local communities5/5
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Compliance of company-owned operationsNo0/5
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Upstream: Impact assessments for land development/acquisitionNo0/4
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Upstream: Reporting production/processing locationsReports location of certified land holdings; Reports location of land holdings under conservation; Reports location of company-owned processing facilities3/4
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Downstream: Publishing supplier listsNo0/4
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Upstream: Monitor compliance of production/processingYes, using a third-party verification system4/4
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Upstream: Reporting hectares of deforestationNo0/4
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Downstream: Monitor compliance in supply chainYes, for its suppliers2/4
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Downstream: Reporting hectares of deforestationNo0/4
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Downstream: Engagement with non-compliant suppliersBlacklist non-compliant suppliers without engagement1/2
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Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
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Commitment strength17/17
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Implementation and Reporting26/56
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Associated Human Rights Abuses10/17
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. The company has sawmills and manufacturing facilities in both regions, Precious Woods is also a major timber trader in Europe. Precious Woods Holding AG is selected as a powerbroker for timber.
Disclaimer
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