Climate Change Data

Precious Woods Holding Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:18,842 tCO2e/year
Scope 1 Emissions:12,241 tCO2e/year
Scope 2 Emissions:79,330 tCO2e/year
Scope 3 Emissions:6,193 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:45,000 MWh/year (from biomass)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.075 tCO2/m3 (2023)

ESG Focus Areas

  • Sustainable Forest Management
  • Biodiversity Conservation
  • Community Development
  • Employee Well-being
  • Supply Chain Transparency

Environmental Achievements

  • Successfully passed FSC Ecosystem Services Certification for Carbon Sequestration and Storage and Watershed Services.
  • Reduced CO2 emission to 18,842 tCO2 (2022: 23,752 tCO2).
  • Maintained a carbon stock of approximately 330,000,000 t in its forests.
  • Restored 70 km of old roads.

Social Achievements

  • Employee turnover of only 5.2% in 2023 (2022: 5.9%).
  • Provided 8,649 medical consultations (employees, families, and community members).
  • Welcomed 13 trainees (4 women) for professional experience.
  • Addressed 8 new grievances (2022: 3), and solved 11 grievances.

Governance Achievements

  • Implemented strict anti-corruption policy with no violations reported between 2016 and 2023.
  • Established FPIC, grievance, and whistleblowing procedures.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Push accident rate below 6% by 2024.

Environmental Challenges

  • Increase in accidents in Brazil (mainly in the sawmill) in 2023.
  • Decreased number of employees in Gabon and Brazil due to complicated economic situation.
  • Wildfires in savannas in Gabon.
  • Delayed certification of carbon project in Brazil due to delayed release of new VERRA standards.
Mitigation Strategies
  • Identified and addressed technical and organizational problems in the Brazilian sawmill.
  • Closely monitoring accident development in 2024.
  • Providing subsidies to employees for housing in Lastourville, Gabon.
  • Implementing corrective actions for malfunctions in water treatment facilities.
  • Continuing to work with BRCarbon to obtain certification for the carbon project.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • FSC and PEFC certification
  • Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Wildfires
Transition Risks
  • EUDR
Opportunities
  • Carbon projects

Reporting Standards

Frameworks Used: GRI

Certifications: FSC, PEFC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 1
  • Goal 2
  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 13
  • Goal 15

The report details how Precious Woods' activities contribute to these goals through sustainable forest management, community development, and employee well-being initiatives.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed