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  • Latest update: August 2022
  • Next scheduled: July 2023

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  • About this company:

    Greenheart Group Ltd is an integrated forest-products company

  • Parent company:
    Newforest Limited
  • Market cap:
    45,716,553 USD
  • Thomson Reuters ticker:
    0094.HK
  • Bloomberg ticker:
    94 HK Equity
  • ISIN:
    BMG4094L1054
  • Website:

Company assessment: Greenheart Group – August 2022

Assessment date:

Score by disclosure type:

Total: 15.5% 26.5 / 171
  • Organisation: 8.5 / 37 23%
  • Policy: 14.5 / 76 19.1%
  • Practice: 3.5 / 58 6%
  • Self-reported: 2.3 / 58 3.9%
  • External: 0 / 58 0%
  • Certified: 1.3 / 58 2.2%
  • Sustainability policy and leadership Sustainability policy and leadership
    3 / 12 25%
    • Organisation: 2 / 6 33.3%
    • Policy: 0.5 / 2 25%
    • Practice: 0.5 / 4 12.5%
    • Self-reported: 0.5 / 4 12.5%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • P
      0.5 / 1

      1. Sustainable forestry policy or commitment for all its operations?

      The company's ESG report 2020 only covers the company's commitments for environmental issues. Commitments covering social issues are not reported by the company.

    • N
      0 / 1

      2. Sustainable forestry policy or commitment applies to all suppliers?

    • N
      0 / 1

      3. High-level position of responsibility for sustainability?

    • N
      0 / 1

      4. One or more members within the board of the company have responsibility for sustainability?

    • P
      0.5 / 1

      5. Percentage or number of women in senior management team?

      1 - The company reports information on senior management team which includes two members out of which one member is a female. However, the gender balance is not directly reported by the company.

    • P
      0.5 / 1

      6. Percentage or number of women board members?

      0 - The company reports information on board members which includes 7 members, out of which none of the member is a female. However, the gender balance is not directly reported by the company.

    • N
      0 / 1

      7. Member of multiple industry schemes or other external initiatives to reduce negative environmental or social outcomes associated with timber and pulp production?

    • P
      0.5 / 1

      8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with timber and pulp production?

      The company mentions collaborating with stakeholders, however, no details or examples are provided.

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      The company has published a ESG report for 2020.

    • N
      0 / 1

      10. Reports through standardised reporting systems?

    • N
      0 / 1

      11. Climate risks assessment available?

    • N
      0 / 1

      12. Natural capital assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    3 / 23 13%
    • Organisation: 2 / 18 11.1%
    • Policy: 1 / 2 50%
    • Practice: 0 / 3 0%
    • Self-reported: 0 / 3 0%
    • External: 0 / 3 0%
    • Certified: 0 / 3 0%
    • Y
      1 / 1

      13. Lists countries and operations?

      New Zealand (softwood plantations), Suriname (hardwood concessions, sawmill).

    • N
      0 / 1

      14. Lists countries sourcing from?

    • P
      0.5 / 1

      15. Total area of natural forest designated for wood/wood fibre production (ha)?

      298,000 - As at 31 December 2021, the group's total timber concessions and cutting rights in Suriname covered a land area of approximately 298,000 ha (2020: 340,000 ha). However, the figures reported are approximate and the production area is not reported explicitly.

    • P
      0.5 / 1

      16. Total area of forest plantation (ha)?

      10,600 - As at 31 December 2021, the company owned radiata pine plantation forest assets in New Zealand with aggregate land area of approximately 15,819 ha (2020: 15,908 ha), of which approximately 10,600 ha (2020: 10,600 ha) was productive area. Approximate figures are reported by the company.

    • N
      0 / 1

      17. Area of plantation/natural forest within outgrower schemes (ha)?

    • N
      0 / 1

      18. Unplanted (areas designated for future development as plantation forest) (ha)?

    • N
      0 / 1

      19. Conservation set-aside area, including HCV area (ha)?

    • N
      0 / 1

      20. Area of Intact Forest Landscape (ha)?

    • N
      0 / 1

      21. Number of Forest Management Units (FMUs)?

    • N
      0 / 1

      22. Maps of forest management units (FMUs)?

    • N
      0 / 1

      23. Forest management plans available for all FMUs?

    • N
      0 / 1

      24. Monitoring of forest management plan implementation available?

    • 25. Company has provided valid legal documents to Open Timber Portal on use right (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 26. Company has provided valid legal documents to Open Timber Portal on forest management (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 27. Company has provided valid legal documents to Open Timber Portal on timber harvesting (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      28. Names and locations of all third-party supplying FMUs?

    • N
      0 / 1

      29. Number of company owned sawmills?

      The company has sawmills in Suriname, however, the exact number of sawmills owned by the company is not reported.

    • N
      0 / 1

      30. Names and locations of company owned sawmills?

    • 31. Number of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 32. Names and locations of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      33. Reports total volumes (or percentages) sourced by company-owned sawmills that come from company's own operations and third-parties?

    • 34. Reports total volumes (or percentages) sourced by company-owned pulp and paper mills that come from company's own operations and third-parties?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      35. Number of third party supplying mills?

    • N
      0 / 1

      36. Names and locations of all third party supplying mills?

    • N
      0 / 1

      37. Reports total volume (or percentages) sourced from third-party supplying mills that come from the supplying mills' own operations and third parties?

    • P
      0.5 / 1

      38. Procedures to trace raw materials to country of harvest?

      The company reports that a system is in place to 'track the entire supply chain and trace a specific product at any given time'. However, details of the system are not provided.

    • N
      0 / 1

      39. Percentage of supply traceable to country of harvest?

    • P
      0.5 / 1

      40. Procedures to trace raw materials to FMU level?

      The company reports that a system is in place to 'track the entire supply chain and trace a specific product at any given time'. However, details of the system are not provided.

    • N
      0 / 1

      41. Percentage of supply traceable to FMU level?

  • Certification standards Certification standards
    0 / 9 0%
    • Organisation: 0 / 0 0%
    • Policy: 0 / 4 0%
    • Practice: 0 / 5 0%
    • Self-reported: 0 / 5 0%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • N
      0 / 1

      42. Time-bound plan for achieving 100% third-party legality verification of FMUs or achieved?

    • N
      0 / 1

      43. Percentage area (ha) verified as being in legal compliance by a third party?

      The company has some landbank certified under FSC in Suriname, however, the FSC certificates of this concession are now terminated by the FSC.

    • N
      0 / 1

      44. Time-bound plan to source only wood/wood fibre that is in legal compliance verified by a third party?

    • N
      0 / 1

      45. Percentage of all wood/wood fibre supply traded/processed verified as being in legal compliance by a third party?

    • N
      0 / 1

      46. Percentage area (ha) FSC FM certified?

    • N
      0 / 1

      47. Time-bound plan for achieving 100% FSC FM certification of FMUs or achieved 100% FSC-certification of FMUs?

    • N
      0 / 1

      48. Percentage of wood/wood fibre supply (tonnes) from all suppliers that comes from FSC FM certified areas?

    • N
      0 / 1

      49. Commitment to source only wood/wood fibre that meets FSC Controlled Wood and/or PEFC Controlled Sources requirements?

    • N
      0 / 1

      50. Percentage area (ha) PEFC certified (excluding FSC certified area)?

  • Deforestation and biodiversity Deforestation and biodiversity
    1 / 25 4%
    • Organisation: 0 / 2 0%
    • Policy: 1 / 15 6.7%
    • Practice: 0 / 8 0%
    • Self-reported: 0 / 8 0%
    • External: 0 / 8 0%
    • Certified: 0 / 8 0%
    • N
      0 / 1

      51. Commitment to zero conversion of natural ecosystems?

    • N
      0 / 1

      52. Commitment to zero conversion of natural ecosystems applies to all suppliers?

    • N
      0 / 1

      53. Commitment to zero deforestation?

    • N
      0 / 1

      54. Commitment to zero deforestation applies to all suppliers?

    • N
      0 / 1

      55. Criteria and cut-off date for defining deforestation and/or ecosystem conversion?

    • N
      0 / 1

      56. Evidence of monitoring deforestation and/or ecosystem conversion?

    • N
      0 / 1

      57. Evidence of monitoring deforestation and/or ecosystem conversion in supplier operations?

    • N
      0 / 1

      58. Amount of deforestation and/or ecosystem conversion recorded in own operations since cut-off date?

    • N
      0 / 1

      59. Amount of deforestation and/or ecosystem conversion recorded in supplier operations since cut-off date?

    • N
      0 / 1

      60. Commitment to restoration of deforestation/conversion?

    • N
      0 / 1

      61. Commitment to restoration of deforestation/conversion applies to all suppliers?

    • N
      0 / 1

      62. Implementing a landscape or jurisdictional level approach?

    • N
      0 / 1

      63. Biodiversity policy?

    • N
      0 / 1

      64. Biodiversity policy applies to all suppliers?

    • N
      0 / 1

      65. Identified species of conservation concern, referencing international or national system of species classification?

    • N
      0 / 2

      66. Examples of species and/or habitat conservation management?

    • N
      0 / 1

      67. Commitment to no hunting or only sustainable hunting of species?

    • N
      0 / 1

      68. Commitment to no hunting or only sustainable hunting of species applies to all suppliers?

    • N
      0 / 1

      69. Commitment to protect forest areas from illegal activities?

    • N
      0 / 1

      70. Commitment to protect forest areas from illegal activities applies to all suppliers?

    • N
      0 / 2

      71. Evidence of protecting forest areas from illegal activities?

    • Y
      1 / 1

      72. Commitment to no use of genetically modified organisms?

      The company commits to not use genetically modified organisms or transgenic species.

    • N
      0 / 1

      73. Commitment to no use of genetically modified organisms applies to all suppliers?

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    0.5 / 11 4.6%
    • Organisation: 0 / 0 0%
    • Policy: 0.5 / 6 8.3%
    • Practice: 0 / 5 0%
    • Self-reported: 0 / 5 0%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • N
      0 / 1

      74. Commitment to conduct High Conservation Value (HCV) assessments?

    • N
      0 / 1

      75. Commitment to conduct High Conservation Value (HCV) assessments applies to all suppliers?

    • N
      0 / 1

      76. High Conservation Value (HCV) assessments available?

    • N
      0 / 1

      77. High Conservation Value (HCV) management and monitoring plans available?

    • N
      0 / 1

      78. Commitment to the High Carbon Stock (HCS) Approach?

    • N
      0 / 1

      79. Commitment to the High Carbon Stock (HCS) Approach applies to all suppliers?

    • N
      0 / 1

      80. High Carbon Stock (HCS) assessments available?

    • N
      0 / 1

      81. Peer review of all High Carbon Stock (HCS) assessments undertaken since April 2015 by the HCSA Quality Assurance Process?

    • P
      0.5 / 1

      82. Commitment to conduct social and environmental impact assessments (SEIAs)?

      The company only commits to conduct regular environmental impact assessments. The company has not reported commitment for conducting social impact assessments.

    • N
      0 / 1

      83. Commitment to conduct social and environmental impact assessments (SEIAs) applies to all suppliers?

    • N
      0 / 1

      84. Social and environmental impact assessments (SEIAs) available, and associated management and monitoring plans?

    • 85. Company has provided valid legal documents to Open Timber Portal on impact assessments (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

  • Soils, fire and GHG emissions Soils, fire and GHG emissions
    2.5 / 23 10.9%
    • Organisation: 1.5 / 5 30%
    • Policy: 0.5 / 10 5%
    • Practice: 0.5 / 8 6.3%
    • Self-reported: 0.5 / 8 6.3%
    • External: 0 / 8 0%
    • Certified: 0 / 8 0%
    • N
      0 / 1

      86. Commitment to no planting on peat of any depth?

    • N
      0 / 1

      87. Commitment to no planting on peat of any depth applies to all suppliers?

    • N
      0 / 1

      88. Landbank or planted area on peat (ha)?

    • N
      0 / 1

      89. Implementation of commitment to no planting on peat of any depth?

    • N
      0 / 1

      90. Commitment to best management practices for soils and peat?

    • N
      0 / 1

      91. Commitment to best management practices for soils and peat applies to all suppliers?

    • N
      0 / 2

      92. Evidence of best management practices for soils and peat?

    • P
      0.5 / 1

      93. Commitment to reduced impact logging?

      The company commits to using the 'CELOS' harvesting system across its operations in Suriname, which includes some reduced impact logging techniques.

    • N
      0 / 1

      94. Commitment to reduced impact logging applies to all suppliers?

    • N
      0 / 2

      95. Evidence of implementing reduced impact logging practices?

      The company's sustainable forest management document provides evidence on implementation of reduce impact logging practices, but the document is undated.

    • N
      0 / 1

      96. Commitment to zero burning?

    • N
      0 / 1

      97. Commitment to zero burning applies to all suppliers?

    • N
      0 / 2

      98. Evidence of fire monitoring and management?

    • N
      0 / 1

      99. Details/number of hotspots/fires in company FMUs?

    • N
      0 / 1

      100. Details/number of hotspots/fires in suppliers operations?

    • N
      0 / 1

      101. Time-bound commitment to reduce greenhouse gas (GHG) emissions intensity?

    • P
      0.5 / 1

      102. GHG emissions intensity?

      The company reports emission figures for its operations in New Zealand and Suriname, but the figures are not intensity based.

    • Y
      1 / 1

      103. GHG emissions from land use change?

      Figures are reported in tonnes. The company reports 2020 carbon dioxide emissions from harvesting activities for its plantation operations in New Zealand as 39,664 tonnes and Suriname as 13,242 tonnes.

    • P
      0.5 / 1

      104. Progress towards commitment to reduce GHG emissions intensity?

      The company reports emission figures, but not as intensity. Only the New Zealand division of company shows reduction. The Suriname division does not show improvement, rather it is increasing.

    • N
      0 / 1

      105. Methodology used to calculate GHG emissions?

  • Water, chemical and pest management Water, chemical and pest management
    1.5 / 16 9.4%
    • Organisation: 0 / 1 0%
    • Policy: 1.5 / 7 21.4%
    • Practice: 0 / 8 0%
    • Self-reported: 0 / 8 0%
    • External: 0 / 8 0%
    • Certified: 0 / 8 0%
    • 106. Time-bound commitment to improve water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 107. Water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 108. Progress towards commitment on water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 109. Time-bound commitment to improve water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 110. Progress towards commitment on water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 111. Treatment of pulp and paper mill effluent?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      112. Evidence of sawmill run-off containment and wastewater treatment?

    • 113. Proportion of processing facilities with closed-loop water treatment system?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • Y
      1 / 1

      114. Commitment to protect natural waterways through buffer zones?

      The company reports commitment to ensure that stream and waterways are protected and not disturbed by harvest activities.

    • N
      0 / 2

      115. Implementation of commitment to protect natural waterways through buffer zones?

    • P
      0.5 / 1

      116. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?

      The company commits to minimise the use of chemicals but does not mention chemical fertilisers or pesticides.

    • N
      0 / 1

      117. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers, applies to all suppliers?

    • 118. Evidence of eliminating chlorine and chlorine compounds for bleaching?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      119. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • N
      0 / 1

      120. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides applies to all suppliers?

    • N
      0 / 1

      121. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • N
      0 / 1

      122. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention applies to all suppliers?

    • N
      0 / 1

      123. Chemical usage per ha or list of chemicals used?

    • N
      0 / 2

      124. Implementation of commitment to reduce chemical usage?

    • N
      0 / 2

      125. Integrated Pest Management (IPM) approach?

    • N
      0 / 1

      126. Waste management system in place to avoid negative impacts?

  • Community, land and labour rights Community, land and labour rights
    10.25 / 37 27.7%
    • Organisation: 3 / 5 60%
    • Policy: 5.5 / 21 26.2%
    • Practice: 1.8 / 11 15.9%
    • Self-reported: 0.5 / 11 4.6%
    • External: 0 / 11 0%
    • Certified: 1.3 / 11 11.4%
    • N
      0 / 1

      127. Commitment to human rights?

    • N
      0 / 1

      128. Commitment to human rights applies to all suppliers?

    • N
      0 / 1

      129. Progress on human rights commitment ?

    • Y
      1 / 1

      130. Commitment to respect indigenous and local communities' rights?

      The company commits to the ILO Indigenous and Tribal Peoples Convention (no. 169).

    • N
      0 / 1

      131. Commitment to indigenous and local communities' rights applies to all suppliers?

    • P
      0.5 / 1

      132. Commitment to respect legal and customary land tenure rights?

      The company only commits to recognize the rights of ownership concerned over the lands that the indigenous people traditionally occupy.

    • N
      0 / 1

      133. Commitment to legal and customary land rights applies to all suppliers?

    • N
      0 / 1

      134. Commitment to free, prior and informed consent (FPIC)?

    • N
      0 / 1

      135. Commitment to free, prior and informed consent (FPIC) applies to all suppliers?

    • N
      0 / 1

      136. Details of free, prior and informed consent (FPIC) process available?

    • P
      0.5 / 1

      137. Examples of local stakeholder engagement to prevent conflicts?

      The company states it has a dedicated community team in New Zealand who handle the communication, relationship development, concerns and disputes with the related communities. No further examples or details are reported.

    • N
      0 / 1

      138. Details of process for addressing land conflicts available?

    • N
      0 / 1

      139. Supports the inclusion of women across forestry operations, including addressing barriers faced?

    • 140. Company has provided valid legal documents to Open Timber Portal on population rights (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • P
      0.5 / 1

      141. Commitment to enable sustainable use of non-timber forest products (NTFPs) by local communities?

      The company commits to allow indigenous people to do subsistence activities such as fishing and hunting, however, the commitment does not cover the sustainable management of these activities.

    • Y
      1 / 1

      142. Commitment to provide essential community services and facilities ?

      The company commits to to 'giving back to the community through various channels', and provides a number of examples.

    • P
      0.5 / 2

      143. Progress on commitment to provide essential community services and facilities?

      The company mentions different community services, but no concrete examples are reported.

    • P
      0.5 / 1

      144. Commitment to provide business/work opportunities for local communities?

      The company reports that it provides work opportunities for local communities, however, a direct commitment is not reported by the company.

    • 145. Company has provided valid legal documents to Open Timber Portal on labour regulations (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      146. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • N
      0 / 1

      147. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to all suppliers?

    • N
      0 / 2

      148. Progress on commitment to respect all workers' rights?

    • Y
      1 / 1

      149. Commitment to eliminate gender related discrimination with regards to employment?

      The company commits to all job applicants being "assessed based on their skills, qualification and performance" irrespective of gender.

    • N
      0 / 1

      150. Commitment to eliminate gender related discrimination with regards to employment applies to all suppliers?

    • N
      0 / 1

      151. Progress on commitment to eliminate gender related discrimination with regards to employment?

    • N
      0 / 1

      152. Percentage or number of temporary employees?

    • Y
      1 / 1

      153. Percentage or number of women employees?

      43 (23.5%) - The company reports that in 2020 there were 43 female employees, constituting 23.50% of the workforce.

    • P
      0.5 / 1

      154. Commitment to pay a living wage?

      The company reports that no employee is paid less than the minimum wage specified by the government regulations in different jurisdictions. However, a commitment to pay living wage is not reported by the company.

    • N
      0 / 1

      155. Commitment to pay a living wage applies to all suplliers?

    • N
      0 / 1

      156. Progress on commitment to pay a living wage?

    • N
      0 / 1

      157. Reporting of salary by gender?

    • P
      0.5 / 1

      158. Commitment to address occupational health and safety?

      The company commits to ensuring health and safety at work, with reference to relevant national laws, however, does not refer to the ILO Code of Practice on Safety and Health in Forestry Work.

    • N
      0 / 1

      159. Commitment to address occupational health and safety applies to all suppliers?

    • P
      0.75 / 2

      160. Provision of personal protective equipment and related training?

      The company discusses providing a safe working environment and personal protective equipment along with related trainings to all contractors and employees across all operations. However, the information reported is not externally verified.

    • Y
      1 / 1

      161. Time lost due to work-based injuries?

      39 - The company reports 39 working days lost due to injuries in 2020.

    • Y
      1 / 1

      162. Number of fatalities as a result of work-based accidents?

      0 - The company reports no fatality during work in 2020.

  • Smallholders and suppliers Smallholders and suppliers
    0.5 / 8 6.3%
    • Organisation: 0 / 0 0%
    • Policy: 0.5 / 4 12.5%
    • Practice: 0 / 4 0%
    • Self-reported: 0 / 4 0%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • N
      0 / 1

      163. Commitment to support smallholders?

    • N
      0 / 1

      164. Programme to support outgrower scheme and/or independent smallholders?

    • N
      0 / 1

      165. Number or percentage of outgrower scheme and/or independent smallholders involved in programme?

    • P
      0.5 / 1

      166. Process used to prioritise, assess and/or engage suppliers on compliance with company's policy and/or legal requirements?

      The company only reports of having SOP's for the procurement of equipment, products and services. Limited details are reported by the company.

    • N
      0 / 1

      167. Number or percentage of suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?

    • N
      0 / 1

      168. Suspension or exclusion criteria for suppliers?

    • N
      0 / 1

      169. Timebound action plans (including Key Performance Indicators) for suppliers to be in compliance with timber and pulp sourcing commitments?

    • N
      0 / 1

      170. Proportion of direct and indirect supply that comes from FMUs which are compliant with timber and pulp sourcing policies?

  • Governance and grievances Governance and grievances
    4.25 / 7 60.7%
    • Organisation: 0 / 0 0%
    • Policy: 3.5 / 5 70%
    • Practice: 0.8 / 2 37.5%
    • Self-reported: 0.8 / 2 37.5%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      171. Commitment to ethical conduct and prohibition of corruption?

      The company commits to ethical conduct and prohibition of corruption.

    • Y
      1 / 1

      172. Commitment to ethical conduct and prohibition of corruption applies to all suppliers?

      The company commits all suppliers to ethical conduct and prohibition of corruption.

    • P
      0.75 / 1

      173. Progress on commitment to ethical conduct and prohibition of corruption?

      The company mentions that the use and effectiveness of its anti-corruption policy will be monitored and reviewed regularly by the 'Audit Committee' and reported to the board. Employee handbook which lays out the company's expectations and guiding principles on bribery prevention is provided to each employee. No confirmed legal case against the company and its employees concerning corruption was reported during 2020. However, the information reported is not externally verified.

    • 174. Company has provided valid legal documents to Open Timber Portal on legal registration (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      175. Disclosure of the company’s management approach to tax and payments to governments?

    • 176. Company has provided valid legal documents to Open Timber Portal on taxes, fees and royalties (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • Y
      1 / 1

      177. Whistleblowing procedure?

      The company has a whistleblowing policy in place.

    • P
      0.5 / 1

      178. Own grievance or complaints system open to all stakeholders?

      The company reports channels to raise complaints in its whistleblowing policy, however, no further details on the complaint system are reported. Also, it is unclear if the system is open to all stakeholders.

    • N
      0 / 1

      179. Details of complaints and grievances disclosed?

Media monitor: Greenheart Group

SPOTT monitors global media sources for coverage of assessed companies. The media monitor gathers reports about specific activities related to the assessment indicator categories. ZSL does not assess or score the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground.

Timber and pulp media reports (3) Last media reports:
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SPOTT is a ZSL initiative.
Zoological Society of London (ZSL)