Announcement
Woodbois Limited : SPOTT Transparency Assessment & Notice of Results
RNS Number : 8923W
Woodbois Limited
24 August 2020
24 August 2020
Woodbois Limited
("Woodbois", the "Group" or the "Company")
Top Three Ranking in SPOTT Transparency Assessment
Notice of Results
Woodbois Limited (AIM: WBI), the African focused forestry and timber trading company, is pleased to announce it has ranked 3rd in the Sustainability Policy Transparency Toolkit ('SPOTT'') ESG policy transparency assessments for the worldwide timber and pulp industries.
SPOTT, the online platform created by the Zoological Society of London ('ZSL'), annually assesses multiple worldwide timber and pulp producers and traders on the public disclosure of their policies, operations and commitments to Environmental, Social and Governance ("ESG") best practice.
The recognition of Woodbois' ESG practices and the transparency of our disclosures is a welcome endorsement of our practices, and further enhancing these high standards lies at the centre of management's goals on behalf of all stakeholders. Woodbois was recognised as the highest-ranked public company.
The Company welcomes the publication of assessments from bodies such as the ZSL and has made a number of commitments in its recently published Sustainability Report for 2019 to further align operating practices with specific UN Sustainable Development Goals.
As the importance of sustainable forestry management increasingly becomes a focal point in the mitigation of deforestation and climate change, Woodbois is dedicated to being at the forefront of transparency and best practice.
Chairman and CEO Paul Dolan said: "We are delighted to announce that, in only our second year of assessment, our ranking has improved to 3rd place out of 103 companies in the SPOTT timber producers table. We consistently strive to improve the standards of our ESG policies, providing transparency and good governance along with our sustainability focussed operating model. The recognition of this by SPOTT independently validates these policies and we have a secure foundation to build upon."
To see the SPOTT assessment for all 103 companies, please click here
To see Woodbois' 2019 Sustainability Report, please click here
Notice of Results
The Company will announce its interim results for the six months to 30 June 2020 on Wednesday 2 September 2020.
Enquiries:
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Woodbois Limited Paul Dolan - Chairman and CEO
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+ 44 (0)20 7099 1940 |
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Canaccord Genuity, Nominated Advisor and Broker Henry Fitzgerald-O'Connor James Asensio Thomas Diehl
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+ 44 (0)20 7523 8000 |
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Alma PR, Financial PR Rebecca Sanders-Hewett Justine James Robyn Fisher Kieran Breheny
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+44 (0)20 3405 0205 |
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