TIDMWBI
Woodbois Limited
18 November 2021
18 November 2021
Woodbois Limited
("Woodbois", the "Group" or the "Company")
Woodbois joins The Circular Bioeconomy Alliance
The Alliance is founded under the patronage of His Royal
Highness The Prince of Wales
Woodbois Limited (AIM: WBI), the African focused forestry,
timber trading, reforestation and voluntary carbon credit company,
is pleased to announce it has joined The Circular Bioeconomy
Alliance ("CBA"), an organisation that brings sustainability
focused enterprises together and places nature at the heart of
restoring the global circular bioeconomy.
The CBA was established by His Royal Highness, The Prince of
Wales, in his Sustainable Markets Initiative in 2020. The
organisation aims to accelerate the transition to a circular
bioeconomy that is climate neutral, inclusive and prospers in
harmony with nature. The Alliance provides knowledge-informed
support as well as a learning and networking platform to connect
the dots between investors, companies, governmental and
non-governmental organisations and local communities to advance the
circular bioeconomy while restoring biodiversity globally.
Woodbois is one of six new members joining the CBA, with the
group's current activities including forest landscape restoration
and agroforestry projects in Africa, Europe, South America and
Asia. Other partners include AstraZeneca, Lombard Odier (which owns
a 21.3% interest in the Company), The World Economic Forum and
other blue chip sustainability driven organisations.
What is a Circular Bioeconomy
A circular bioeconomy relies on healthy, biodiverse and
resilient ecosystems. It aims to provide sustainable wellbeing
through the provision of ecosystem services and the sustainable
management of biological resources. These are transformed in a
circular manner into food, feed, energy and biomaterials - within
the ecological boundaries of the ecosystems that it relies on.
Executive Chair, Paul Dolan, said:
" We are delighted to be joining a group of likeminded
organisations at the Circular Bioeconomy Alliance who share a
common goal to move away from a traditional linear fossil-fuel
based economy, towards a sustainable circular bioeconomy.
Natural capital can be found at the heart of all Woodbois'
operations - we recognise the critical role forest ecosystem
services play in regulating climate, harbouring biodiversity,
supporting rural livelihoods, and producing renewable materials for
a green economy.
The CBA presents an invaluable platform for circulating
knowledge and developing partnerships in order to ensure a
resilient future. We look forward to contributing to critical
discussions and sharing important lessons from our own experience
developing reforestation projects, sustainably managing natural
forests, and producing wood-based materials for low-carbon
construction."
Enquiries:
Woodbois Limited
Paul Dolan - Executive Chair
Federico Tonetti - 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
About The Circular Bioeconomy Alliance
The diversity of the CBA's members reflects the nature of the
Alliance, which includes large and small intergovernmental
organizations, companies, investors, research organizations and
NGOs, who provide expertise and implement projects in areas related
to the circular bioeconomy.
https://efi.int/cba
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 c470,000 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
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November 18, 2021 02:00 ET (07:00 GMT)
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