Woodbois Limited SPOTT Transparency Assessment

TIDMWBI

Woodbois Limited

29 June 2021

Woodbois Limited

("Woodbois", the "Group" or the "Company")

Joint Sixth Ranking in SPOTT Transparency Assessment

Woodbois Limited (AIM: WBI), the African focused forestry, timber trading, reforestation and voluntary carbon credit company, is pleased to announce it has been ranked joint sixth in the annual Sustainability Policy Transparency Toolkit ("SPOTT") ESG policy transparency assessments for the worldwide timber and pulp industries. For the report, 100 timber and pulp companies, that together control over 44 million hectares of land, were assessed.

The continued recognition of Woodbois' ESG practices and the transparency of its disclosures is a strong endorsement of the Company's ethos and practices. 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.

The rankings can be viewed at:

Timber and pulp: ESG policy transparency assessments | SPOTT.org

Chair and CEO Paul Dolan said: "For the third year running, we are pleased to announce our presence as one of the top ranked operators in the SPOTT timber producers table. The Company actively strives to improve its performance across all areas of the business, with a core focus being on Woodbois' governance and sustainability frameworks. Therefore, our high ranking by an independent third party like SPOTT further demonstrates that as a business, we are committed to adopting the highest standards possible throughout the organisation."

Enquiries:

 
Woodbois Limited 
 Paul Dolan - Chair and CEO                          + 44 (0)20 7099 1940 
Canaccord Genuity (Nominated Advisor and Broker) 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 Thomas Diehl                                      + 44 (0)20 7523 8000 
Celicourt Communications (IR/PR)                   +44 (0)20 8434 2643 
 Mark Antelme                                       woodbois@celicourt.uk 
 Jimmy Lea

Background on Woodbois

Woodbois Limited (AIM:WBI) is an African focused forestry company, divided into three distinct, but highly complementary divisions comprising the production and supply of sustainable African hardwood products, the

trading of hardwood   and hardwood products, and a reforestation and carbon credit division.

Woodbois' forestry division has production facilities in Gabon and Mozambique, managing a total of c400,000 hectares of natural forest concessions. The trading division comprises a highly experienced team of timber specialists, who source and supply sustainable timber to a global customer base. Its proprietary technology developed in house, captures, stores and presents data, providing a matching engine to build scale and optimise trading opportunities with its global customer base.

The Company's carbon sequestration and trading division which was formed in March 2021 aims to generate voluntary carbon credits for corporate partners through the delivery of large-scale reforestation projects.

The Company's focus on the transparency and sustainability of its timber operations has been recognised by The Zoological Society of London, which ranked Woodbois joint sixth in its Sustainability Policy Transparency Toolkit ('SPOTT") ESG policy transparency assessments for the worldwide timber and pulp industries for 2021.

Please follow the Company on Twitter: @WoodboisLtd

About SPOTT

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.

Further information on SPOTT can be found on their website: https://www.spott.org/

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRADVLFLFQLXBBL

(END) Dow Jones Newswires

June 29, 2021 02:00 ET (06:00 GMT)

Obtala Resources (LSE:OBT)
Historical Stock Chart
From Jan 2025 to Feb 2025