Woodbois

Lobbying
Woodbois discloses some trade associations it is a member of. It has however an opportunity to show further leadership by disclosing a list of trade associations of which it is a member wherever it operates.

Sustainability strategy and accountability
The company discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy.

Ecosystem conversion and restoration
The company has a commitment to ensure zero conversion.

Furthermore, the company is committed to restoring ecosystems, and it discloses details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

Resource exploitation and circularity performance
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Indigenous Peoples’ and land rights
The company is committed to respect Indigenous Peoples’ rights. Also, the company discloses its processes to identify and recognise the rights of Indigenous Peoples when activities in its own operations may impact their rights, and describes how it obtains Indigenous Peoples’ free, prior and informed consent.

Provide and promote decent work
The company discloses the proportion of women in its total direct operations workforce for each employee category. It also publicly commits to gender equality and women’s empowerment.

Lobbying
The company has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets and to report (potential) misalignments.

Stakeholder engagement
The company could disclose an overview of the issues raised during its stakeholder engagement activities, as well as its process for engaging with stakeholder groups, including frequency and channels, beyond its materiality assessment.

Sustainability strategy and accountability
The company has an opportunity to disclose group wide targets on key sustainability topics for the most material parts of its value chain and report consistently against all its targets. Also, it could assign decision-making and oversight responsibility for its sustainability strategy to the highest governance body. Furthermore, the company could link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Lastly, it could improve its transparency by disclosing whether its highest governance body has expertise with respect to the company’s most material sustainability topics.

Ecosystem conversion and restoration
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

GHG emissions
The company should set time-bound targets to reduce its scope 1, 2 and 3 greenhouse gas emissions as well as report progress against them. Crucially, the company needs to reduce its scope 1,2 and 3 emissions and its targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
While the company evaluates the impact of harvesting according to its plan, there’s an opportunity for the company to broaden its assessment on nature, including biodiversity, across its own operations. Additionally, the company could benefit from assessing and disclosing its impacts on biodiversity in its supply chain, as well as identifying and disclosing its dependencies on nature both within its own operations and in its upstream business relationships.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
While the company shares information on common tree species in specific locations, it has an opportunity to disclose the full spectrum of species populations in or near its operations and its suppliers, along with their conservation status based on national and international standards. Additionally, there is room to disclose locations within its own operations and those of its suppliers that are in or adjacent to areas of high biodiversity value.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company should commit to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties, as well as work on reducing the production of hazardous substances and waste.

Water
The company does not disclose relevant information related to water, in its operations or supply chains.

Indigenous Peoples’ and land rights
The company does not disclose its processes to identify and recognize the rights of Indigenous Peoples when activities in its own operations may impact their rights or describes how it obtains Indigenous Peoples’ free, prior and informed consent.

Safe, clean, healthy and sustainable environment
The company has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
The company has an opportunity to disclose a policy on bribery and corruption, and include anti-bribery and anti-corruption clauses in its contracts with business relationships. It could also disclose its processes for identifying and addressing bribery and corruption, along with implementing a grievance mechanism for stakeholders to raise related complaints. Additionally, the company could disclose its approach to lobbying and political engagement, specifying that it does not make political contributions and divulging its lobbying expenditures.

Provide and promote decent work
The company has an opportunity to disclose a policy commitment to respecting the health and safety of workers across its operations. Moreover, it could strengthen this by presenting evidence of its monitoring of suppliers’ adherence to health and safety standards.

Furthermore, there’s room for the company to enhance its transparency by revealing a time-bound target for paying a living wage for all employees. The company could effectively work towards this objective by disclosing the process of determining the living wage in various operational regions. Additionally, the company could illuminate its collaboration with suppliers to ensure the implementation of living wage practices. To reinforce this commitment to gender equality and women’s empowerment, it could disclose related targets while showcasing the representation of women on its highest governance body.

Respect human rights
The company has an opportunity to disclose a policy statement that commits to respecting human rights recognized as fundamental rights at work by the ILO, and extend this expectation to its suppliers. In terms of risk identification, the company has the chance to describe the process for identifying its human rights risks and impacts, covering both its own operations and its supply chain. Furthermore, it can outline a process for assessing and identifying its salient human rights issues. Finally, the company could establish a global system to address its salient human rights issues.