Precious Woods Holding AG

Overall approach

1/14
- Overarching commitment on deforestation
  
  6/6
  
  Deforestation commitment
  
  Conversion-free
  
  6.00/6
  
  "FSC does not accept deforestation and conversion. For all own operations and our FSC certified supply we thus commit automatically to deforestation- and conversion-free production."
  
  Open source document
- Signatory to an initiative tackling deforestation
  
  0/1
- Awareness of the value of forests
  
  1/1
  
  Awareness
  
  Yes
  
  1/1
  
  "Among other things, deforestation accounts for around 17% of global greenhouse gas emissions, not to mention the dramatic loss of biodiversity".
  
  Open source document
- Target to reduce emissions from land-use change
  
  0/3
- Reporting on emissions from land-use change
  
  0/3
Commodity score

54/86
- Timber
  
  54/86
  - Commitment Strength
    
    33/36
    - Commitment to protect priority forests
      
      18/21
      - Commitment details
        Forest-related commitment
        
        8/10.7
        
        Commitment to protect priority forests
        
        Forest-related commitment
        
        8/10.7
        
        Type of commitment: Protects priority forests
        Certification schemes mentioned: FSC; PEFC
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment applies to all sourcing regions
        Yes
        
        1.5/1.5
        
        Commitment applies to all sourcing regions
        
        Yes
        
        1.5/1.5
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment applies to all operations
        Yes
        
        1.5/1.5
        
        Commitment applies to all operations
        
        Yes
        
        1.5/1.5
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment applies to all direct suppliers
        Yes
        
        1.5/1.5
        
        Commitment applies to all direct suppliers
        
        Yes
        
        1.5/1.5
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment applies to all indirect suppliers
        Yes
        
        1.5/1.5
        
        Commitment applies to all indirect suppliers
        
        Yes
        
        1.5/1.5
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Target date
        Current
        
        2/2
        
        Target date
        
        Current
        
        2/2
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Target is quantifiable
        Yes
        
        2/2
        
        Target is quantifiable
        
        Yes
        
        2/2
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
    - Commitment to a traceable supply chain
      
      15/15
      - Commitment details
        traces to Point of production
        
        5.3/5.3
        
        Commitment to a traceable supply chain
        
        traces to Point of production
        
        5.3/5.3
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Commitment applies to all sourcing regions
        Yes
        
        1.5/1.5
        
        Commitment applies to all sourcing regions
        
        Yes
        
        1.5/1.5
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Commitment applies to all operations
        Yes
        
        1.5/1.5
        
        Commitment applies to all operations
        
        Yes
        
        1.5/1.5
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Commitment applies to all direct suppliers
        Yes
        
        1.5/1.5
        
        Commitment applies to all direct suppliers
        
        Yes
        
        1.5/1.5
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Commitment applies to all indirect suppliers
        Yes
        
        1.5/1.5
        
        Commitment applies to all indirect suppliers
        
        Yes
        
        1.5/1.5
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Target date
        Current
        
        2/2
        
        Target date
        
        Current
        
        2/2
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
      - Target is quantifiable
        Yes
        
        2/2
        
        Target is quantifiable
        
        Yes
        
        2/2
        
        "We commit to always apply a supply chain and traceability system (later referred to as Chain of Custody System CoC) to control the supply chain and to ensure the traceability at every stage of our production, processing and trading activities. (...) Our CoC system does guarantee that every log harvested in our concession area can be traced back to the stump and that every timber product can be traced back to the annual harvesting area".
        
        Open source document
  - Reporting and Implementation
    
    11/34
    - Reporting against commitments
      
      3/6
      - Commitment to protect priority forests
        Yes
        
        3/3
        
        Commitment to protect priority forests
        
        Yes
        
        3/3
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment to a traceable supply chain
        No
        
        0/3
        
        Commitment to a traceable supply chain
        
        No
        
        0/3
        
        Open source document
    - Reporting is independently verified
      
      2/4
      - Commitment to protect priority forests
        Yes
        
        2/2
        
        Commitment to protect priority forests
        
        Yes
        
        2/2
        
        certification
        
        "Precious Woods does only process wood harvested under FSC and PEFC regime inside Precious Woods’ own forests or concession areas. All volumes of products produced, processes and traded can be found in our annual reports that are publicly available on our website. As part of our trading activities we do also trade timber and timber products of third parties that must be either FSC or PEFC certified" [in addition]"A total of 70 300 ha or 6% of our forests in Brazil and Gabun have been assessed as HCVs and are integrally excluded from any activities"
        
        Open source document Open source document
      - Commitment to a traceable supply chain
        No
        
        0/2
        
        Commitment to a traceable supply chain
        
        No
        
        0/2
        
        other third party verification
        
        Open source document
    - Deforestation cut off date
      No
      
      0/2
    - Monitoring and verification of supplier compliance
      No monitoring
      
      0/4
      
      Monitoring and verification of supplier compliance
      
      No monitoring
      
      0/4
      
      Open source document
    - Engagement with non-compliant suppliers
      Engage with suppliers but with no time-bound threat of exclusion
      
      2/4
      
      Engagement with non-compliant suppliers
      
      Engage with suppliers but with no time-bound threat of exclusion
      
      2/4
      
      "If third parties do lose their certificates due to non-compliances, we will immediately suspend any cooperation but encourage them to undertake all necessary actions to regain certification".
      
      Open source document
    - Publishing supplier lists
      No disclosure
      
      0/4
    - Accessible grievance mechanism
      No
      
      0/4
    - Collaborative actions
      No
      
      0/2
    - Report volumes of commodity
      Full
      
      4/4
      
      Report volumes of commodity
      
      Full
      
      4/4
      
      162200m3
      
      Precious Woods reports the total volume of wood supplies for timber products for 2018 and states that 100% is PEFC certified and 88.5% is FSC certified.
      
      Open source document
  - Social Considerations
    
    10/16
    - Commitment to ensure Free, Prior and Informed Consent
      Yes
      
      4/4
      
      Commitment to ensure Free, Prior and Informed Consent
      
      Yes
      
      4/4
      
      "Through certification we are obliged to apply Free, Prior and Informed Consent (FPIC), theconventions of the International Labour Organization and to apply gender equality, as these threepoints are integrated elements of FSC and PEFC standards".
      
      Open source document
    - Labour rights in the supply chain
      No
      
      0/4
      
      Labour rights in the supply chain
      
      No
      
      0/4
      
      ILO
    - Gender equality in the supply chain
      Inclusion of women in the supply chain
      
      2/4
      
      Gender equality in the supply chain
      
      Inclusion of women in the supply chain
      
      2/4
      
      [In Brazil] "the local management does actively attempt to increase the female workforce. In cooperation with local educational facilities we offer regular trainee programs with a high share of female trainees in order to make our company better known amongst and more attractive for young female professionals"[and in Gabon] "precious Woods Holding AG is hiring a female consultant, a specialist in social work an education.
      
      Open source document
    - Inclusion of small-scale farmers
      Yes
      
      4/4
      
      Inclusion of small-scale farmers
      
      Yes
      
      4/4
      
      "We do promote small-scale producers in our supply chain if they meet these requirements. We do, for example, partner with a FSC certified cooperative in South-America that is composed of several small-scale producers".
      
      Open source document
Commitment strength

33/36

Avg. score
Reporting and Implementation

11/34

Avg. score
Social considerations

10/16

Avg. score

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.

Sector

Industry sector

Construction, Forestry

Segments

Processor, Producer, Trader

Switzerland

Company Type

Company type

Public listed

Collective Commitments

Consumer Goods Forum member

New York Declaration on Forests signatory

How we assess the Forest 500

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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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