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  • Overall approach
    1/14
    • Overarching commitment on deforestation
      0.00/6
    • 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
    32/86
    • Pulp & Paper
      10/86
      • Commitment Strength
        0/36
        • Commitment to protect priority forests
          0/15
          • Commitment details
            No commitment
            0/8
          • Commitment applies to all sourcing regions
            No
            0/1
          • Commitment applies to all operations
            No
            0/1
          • Commitment applies to all direct suppliers
            No
            0/1
          • Commitment applies to all indirect suppliers
            No
            0/1
          • Target date
            No deadline
            0/1.3
          • Target is quantifiable
            No
            0/1.3
        • Commitment to reduce use of virgin wood fibre
          0/11
          • Commitment details
            No
            0/4
          • Commitment applies to all sourcing regions
            No
            0/1
          • Commitment applies to all operations
            No
            0/1
          • Commitment applies to all direct suppliers
            No
            0/1
          • Commitment applies to all indirect suppliers
            No
            0/1
          • Target date
            No deadline
            0/1.3
          • Target is quantifiable
            No
            0/1.3
        • Commitment to a traceable supply chain
          0/11
          • Commitment details
            No traceability commitment
            0/4
          • Commitment applies to all sourcing regions
            No
            0/1
          • Commitment applies to all operations
            No
            0/1
          • Commitment applies to all direct suppliers
            No
            0/1
          • Commitment applies to all indirect suppliers
            No
            0/1
          • Target date
            No deadline
            0/1.3
          • Target is quantifiable
            No
            0/1.3
      • Reporting and Implementation
        0/34
        • Reporting against commitments
          0/6
          • Commitment to protect priority forests
            No
            0/2
          • Commitment to a traceable supply chain
            No
            0/2
          • Commitment to reduce use of virgin wood fibre
            No
            0/2
        • Reporting is independently verified
          0/4
          • Commitment to protect priority forests
            No
            0/1.3
            Commitment to protect priority forests
            No
            0/1.3
            certification
          • 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
        • Monitoring and verification of supplier compliance
          No monitoring
          0/4
        • Engagement with non-compliant suppliers
          No engagement or exclusion
          0/4
        • Publishing supplier lists
          No disclosure
          0/4
        • Accessible grievance mechanism
          No
          0/4
        • Collaborative actions
          No
          0/2
        • Report volumes of commodity
          No reporting
          0/4
      • Social Considerations
        10/16
        • Commitment to ensure Free, Prior and Informed Consent
          Yes
          4/4
          Commitment to a traceable supply chain
          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
          Commitment to a traceable supply chain
          No
          0/4
          ILO
        • Gender equality in the supply chain
          Inclusion of women in the supply chain
          2/4
          Commitment to a traceable supply chain
          Inclusion of women in the supply chain
          2.00/4
          [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
          Commitment to a traceable supply chain
          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
    • Timber
      54/86
      • Commitment Strength
        33/36
        • Commitment to protect priority forests
          18/21
          • Commitment details
            Forest-related commitment
            8/10.7
            Commitment details
            Forest-related commitment
            8/10.7
            Certification schemes mentioned: FSC; PEFC
            Type of commitment: Protects priority forests
            "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 details
            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
            4/4
            Commitment to protect priority forests
            Yes
            4/4
            "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
            0/4
            Commitment to a traceable supply chain
            No
            0/4
            Open source document
        • Reporting is independently verified
          2/4
          • Commitment to a traceable supply chain
            No
            0/2.7
            Commitment to a traceable supply chain
            No
            0/2.7
            other third party verification
            Open source document
          • Commitment to protect priority forests
            Yes
            2.7/2.7
            Commitment to protect priority forests
            Yes
            2.7/2.7
            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
        • Deforestation cut off date
          No
          0/2
        • Monitoring and verification of supplier compliance
          No monitoring
          0/4
          Commitment to protect priority forests
          No monitoring
          0.00/4
          Open source document
        • Engagement with non-compliant suppliers
          Engage with suppliers but with no time-bound threat of exclusion
          2/4
          Commitment to protect priority forests
          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
          Commitment to protect priority forests
          Full
          4/4
          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 protect priority forests
          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
          Commitment to protect priority forests
          No
          0/4
          ILO
        • Gender equality in the supply chain
          Inclusion of women in the supply chain
          2/4
          Commitment to protect priority forests
          Inclusion of women in the supply chain
          2.00/4
          [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
          Commitment to protect priority forests
          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
    17/36
    Avg. score
  • Reporting and Implementation
    6/34
    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
Producer
HQ
HQ 
Switzerland
Company Type
Company type 
Public listed

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.