Working on the sustainable blueprint for forests to flourish


Message from the CEO

About this report




message from the ceo

We have always aspired to be an active player in finding solutions that promote balance, and invest a great deal of talent, energy and money into developing our own sustainable blueprint for forests to flourish.

In the last few years, Woodbois has found a very particular and unique positioning within the timber industry. We have demonstrated that traditional metrics of business success, such as financial performance and positive numbers, are entirely achievable alongside meaningful action for a more sustainable future for people and planet.

It is no secret that the forestry sector is rife with challenges, and yet, proper and responsible forest management is essential to the future of humanity. We have always aspired to be an active player in finding solutions that promote balance, and invest a great deal of talent, energy and money into developing our own sustainable blueprint for forests to flourish. The establishment of our Carbon Division and its tireless efforts to launch its first reforestation project in Gabon is just one example of this.

I am very proud, then, that this year marked Woodbois’ first  positive EBITDA. This achievement is all the more notable given the challenges of COVID-19 and the ongoing constraints imposed by the global shipping situation. It is a testament to our ability to adapt and reorganise.

Much of our success has been driven by our collaborative relationship with the Gabonese government. Open, constructive conversation is the norm here, which has enabled important progress in all areas of forest management. Indeed, Gabon is one of very few countries to have set clear guidelines for carbon project development and carbon rights. The climate ordinance released last year is evidence of the country’s strong will to work with responsible  sector partners to protect and restore valuable natural capital. Leveraging this strength, Woodbois intends to replicate its strategy in other West African countries. At COP26 I was able to speak to government representatives from many of these countries, and I’m excited about the potential for additional afforestation projects.

In 2022, we intend to build on our growing success with a continued focus on environmentally-sound practices, active partnerships with governments and industry, and the generation of meaningful benefits for all of our stakeholders, from our investors to the people and communities where we operate.

Indeed, we anticipate 2022 to be  another record year with a positive cash flow, further double digit growth, and significant planned headway in our carbon division. We have reviewed our commercial and operational strategy, focusing on increasing sales into European and North American markets, and we have an ambitious plan for additional veneer capacity which will lead to production increases from Q3 onwards. The entry into the carbon credit market will also play a major role in our future growth. With more than 5,200 of the world’s leading companies committed to achieving net-zero by 2050 as part of the Race to Zero campaign, the outlook for Woodbois has never looked more positive. All stakeholders can be proud of the positive impact we have on the communities in which we work.

Yours sincerely.
Paul Dolan

about this report


This Woodbois Integrated Report aims to provide an overview of our strategy, performance and future outlook in relation to material financial, economic, social and governance issues. The report also addresses value creation considerations for investors and all key stakeholders.

– The time frame considered is the 2021 fiscal year (ending 31 December 2021) for information relating to the reporting aspects, while the prospective framework refers to the upcoming three-year period (2022-2024).

– This report is based on the principles proposed by the International Integrated Reporting Framework () and published by the International Integrated Reporting Council (IIRC). As such, the report contains information that is both financial and non-financial in nature. Some of the information in the report refers to the standards set by the Global Reporting Initiative (GRI) and the Sustainable Developments Goals (SDGs) of the United Nations..

The Integrated Reporting approach:

• Explains how an organisation creates, preserves or erodes value over time to all stakeholders.

• Aims to provide insight about the resources and relationships used and affected by an organisation – these are collectively referred to as the capitals (financial, manufactured, intellectual, human, relational and social, and natural capital).

• Reinforces the importance of integrated thinking within an organisation. This consists of analysing the relationships between the operating units and functions of an organisation, as well as the capital it uses or influences.

• Facilitates an integrated decision making process and actions aimed at creating value in the short, medium and long-term.

This report is referring to the UN SDGs and the GRI standards.

All disclosures made in this report are governed by the AIM regulation on reporting. Information on Economic Indicators provided in this report is therefore restricted and we advise investors and other stakeholders to consult the financial statements available on our website:

The world’s forests sequestered about twice as much carbon dioxide as they emitted between 2001 and 2019. In other words, forests provide a “carbon sink” that absorbs a net 7.6 billion metric tonnes of CO2 per year, 1.5 times more carbon than the United States emits annually.”



Woodbois manufactures and distributes sustainable African hardwoods and hardwood products to customers around the world. Founded in 2004, Woodbois is listed on the AIM section of the London Stock Exchange, one of the world’s leading growth markets for small and mid-cap companies. Woodbois sustainably managesover 156,000 hectares of natural forest concessions in Gabon and over 328,000 hectares in Mozambique.

On 6 August 2021, the Group acquired 100% of the shares and voting interests in La Gabonaise des Forêts et de l’Industrie du Bois (LGFIB). Through the acquisition of LGFIB, the Group acquired 71,000 hectares of forest concessions in Gabon. This additional hectarage, which is located within 100km of our manufacturing base in Mouila, will provide the increased levels of sustainably harvested timber required as additional production capacity comes online at our sawmill and veneer factory. No harvesting has taken place during the 2021 financial year in the newly acquired concession and therefore the acquisition of LGFIB has not materially contributed to the consolidated revenue and profit for the period.

In Gabon, Woodbois operates a 13 hectare sawmill and a fivehectare  veneer factory in Mouila, capital of the Ngounié region in the south of the country. Both sites are located within 70km of the forest concessions, which are issued for 20-year terms. In Mozambique, Woodbois’ five hectare bushmill is located in Uape, in the Zambezia Province in the North of the country.

Woodbois has developed a sustainability strategy to define its core priorities and commitments which are used to align company actions with the UN Sustainabl Development Goals (SDGs) and with the London Zoological Society’s Sustainability Policy Transparency Toolkit (SPOTT). SPOTT has ranked the company sixth among more than 100 global timber and pulp producers and traders with a score of 71.6% compared to a 23.6% average.

The company’s established network of African hardwood suppliers and global buyers comprises over 50 different suppliers in Western Africa – 90% of which are concentrated in the Congo Basin – and almost 300 customers across 60+ countries.

In 2021, Woodbois established its carbon division with the aim of developing a project implementation model that can simultaneously deliver environmental, social and economic value.Withina12 month period, the team has made significant progress towards initiating a maiden project, which will entail  a large-scale assisted natural regeneration scheme in the south of Gabon, designed to introduce indigenous forest to an area currently occupied by low value grasslands

Employee statistics


Sustainable hardwood products
(Lumber, Veneer, Plywood)
manufactured at our own facilities or sourced from vetted and sustainably compliant third-party suppliers



& countries of operations

vision mission


By taking meaningful action and seeking solutions internally and
externally, we strive to achieve a balanced forest management
system that serves as best practice for the whole forestry
industry. We intend to do this by thoroughly and consistently
implementing the ‘Woodbois Balance Blueprint’.


The world is out of balance, forests are out of balance, carbon
emissions are out of balance. Our mission is to become a role
model in forest management by redressing the balance.

OUR Values

RESPONSIBILITY towards our stakeholders, people and planet
PASSION for positive impact
INTEGRITY in our choices
TRANSPARENCY throughout our operations


Our approach to sustainability lies in the constant search for balance. Starting with ourselves, we question
things that are out of balance and propose solutions to help counterbalance the current state of things. This
constant ‘balance-seeking’ mode is part of our culture and our vision of the world.


We know that real balance is difficult to achieve and maintain, and must be continually searched for. It’s our way of thinking and doing things, looking at all aspects of forest management and wood production. It’s the reason why Woodbois has been so successful in Gabon. It’s our blueprint, and can be applied anywhere in the world.

We ask ourselves every day, what is out of balance? Are our operations efficient? Are we doing enough for nature? Are we making money? Are we taking care of our people? We constantly search for balance




(2020: $15.3m)

(2020: $1.2m)

(2020: 8%)

(2020: $15.3m)

(2020: $1.2m)

(2020: 8%)


The Company has been notified that the following have, at the date
of this report, an interest in 3% or more of the issued voting ordinary
share capital of the Company:


Woodbois Limited’s organisational structure reflects our history and operational footprint. Our production, processing and manufacturing operations are based in Gabon (Woodbois Gabon) and Mozambique (Argento  Mozambique). Woodbois International and WoodGroup are the group’s trading companies.


In line with the Company’s commitment to enhance its corporate governance framework, the role of Chair and CEO has been split, with Paul Dolan serving as full time Chief Executive Officer and Graeme Thomson as Non-Executive Chair. In addition, David Rothschild was appointed to the role of Independent Non-Executive Director in November  2021.David serves as a member of the Audit, Remuneration and Nominations Committees.

The Board has adopted the Corporate Governance Code produced by the Quoted Companies Alliance (QCA).

We set out how the Group complies with the QCA Code below.

1. Establish a strategy and business model that promotes
long-term value for shareholders.
Capital allocation must be both performance and potential driven, and investment will only be forthcoming for strategies that can demonstrate significant return to shareholders over time.

2. Seek to understand and meet shareholder needs and expectations. Shareholders play a key role in corporate governance, with our Annual General Meeting for shareholders offering an opportunity to exercise their decision-making power in the Company. Our Executive Directors and our Investor relations officer act as contact points for shareholder updates and wider liaison.
3. Take into account wider stakeholder and social responsibilities, and their implications for long-term success. Woodbois is in a unique position to bring a positive impact to Africa’s economic transformation, social development and environmental management through our operations and the responsibility for our sustainability strategy lies with our Board.

4. Embed effective risk management, considering both
opportunities and threats, throughout the organisation.
The forestry and timber trading business involves a high degree of risk. Our approach to risk management is set out in the Annual Report for the year ending 31 December 2020.

5. Maintain the Board as a well-functioning, balanced
team led by the Chair.
The Board is responsible for establishing the strategic direction of the Group, monitoring the Group’s trading performance and appraising, and executing development and acquisition opportunities. The Company holds a minimum of six Board meetings per year at which financial and other reports are considered and, where appropriate, voted on.

6. Ensure that between them, the Directors have
the necessary up-to-date experience, skills and
The Nominations Committee oversees the requirements for and recommendations of any new Board appointments to ensure that it has the necessary mix of skills and experience to support the Company’s ongoing development. Any appointments made will be on merit, against objective criteria and with due regard

for the benefits of diversity on the Board, including gender. The Nomination Committee is also responsible for succession planning.

7. Evaluate Board performance based on clear and relevant objectives, seeking continuous improvement. The internal evaluation of the Board, the Committees and individual Directors is seen as an important next step in the development of the Board.

8. Promote a corporate culture based on ethical values and a laser sharp focus on behaviours. The Company is committed to complying with all applicable laws and best corporate governance practices, wherever we operate. It is a core aspect of our mission to act with integrity in all of our operations. The Board expects all employees to comply with both the letter and spirit of the law and governance codes.

9. Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board. The Company is committed to high standards of corporate governance. Both Management and the Board are dedicated to implementing best practices as the Company grows

10. Communicate how the Company is governed and is performing, by maintaining a dialogue with shareholders and other relevant stakeholders. The The company encourages regular communications with its various stakeholder groups and aims to ensure that all communications concerning the Group’s activities are clear, fair, and accurate.

OF MAY 2022

The following matters are reserved for the Board:
• Overall Group strategy
• Approval of major capital expenditure projects
• Approval of the annual and interim results
• Annual budgets and revisions thereto
• Approval of extraordinary activities (M&A)

paul dolan


Paul held senior management positions at Barclays, DE Shaw, and Nomura prior to joining Woodbois in 2016. Paul has consistently built award-winning, world-class teams employing technology to manage substantial pools of human and financial capital across a diversified group of asset classes, ranging from fixed income and equity derivatives to forestry



Carmel is a dual-qualified chartered accountant in the UK and South Africa and is also a certified fraud examiner. During a 15-year career at the global audit, tax, and advisory group BDO, Carnel served as Director of Forensic Services at BDO London and Partner of BDO Cape Town. She has been a Director and Board Member of Pomona, the largest South African pomegranate farm company, since 2008.


Deputy Chair

Based in Gabon, Hadi has 25 years of experience managing forestry operations, including full ownership of a forestry business. He previously served as a diplomat, traveling extensively across Africa, as well as owning various trading and real estate companies. Hadi is fluent in Arabic, French, Portuguese and English and holds Gabonese citizenship


Non-Executive Director

Henry is a representative of the funds managed by Lombard
Odier. Henry has worked in financial services since 1996,
with a focus on equity capital markets. He has spent the
majority of his career advising growth companies within
investment banking.


Senior Independent Non-Executive Chair

Senior Independent Non Executive Chair Graeme is a Fellow of the Institute of Chartered Accountants in England and Wales, and has been a public company director for many decades, as a CEO, CFO/Company Secretary, and as a Non Executive. He has a wide variety of the commercial UK and international experience.


Independent Non-Executive Director

As a senior manager and adviser, David has a wide range of experience in growing businesses and improving their performance. He has been active in the African resource and agricultural sectors over the past 20 years, including as co-developer of a Liberian green-field sustainable palm oil operation, and as advisor on environmental and social action planning. He has also been actively involved in governmental and NGO relations and was an early steering committee member of the High Carbon Stock Approach Group, which ensures responsible development. A French speaker with over 40 years’ experience in international business – including six years at consultancy McKinsey & Co – he is a dual national of the USA and South Africa, and holds both B.Com and MBA degrees.


Woodbois strives to bring an increasing range of social and environmental benefits to our communities on both a local and national level. At the heart of our strategic growth objective is a particular focus on regional employment opportunities and skills development.

We are committed to providing a safe environment for all staff and parties for which we have responsibility. Our company believes that protecting whistleblowers is integral to safeguarding public interest, promotes a culture of accountability and integrity in both private and public institutions, and encourages individuals to report corruption, misconduct and fraud. We believe that a person raising concerns should be supported and protected against reprisals, and Woodbois will not tolerate the victimisation or adverse treatment of any employee who has raised a concern.

Woodbois is committed to ethical and fair conduct, as
well as the prohibition of corruption, including bribery and fraud. We work to uphold these commitments by implementing the corporate best practices outlined in SPOTT, and adhering to definitions and guidelines published by leading international organisations.

We ensure that this ethos is integrated throughout the entirety of our operations by conducting due diligence before establishing new business relationships with any suppliers (this process is described in this report’s ‘Responsible production and trading’ section). We systematically inform third parties of our policies so they are aware of our standards and expectations, and we will terminate partnerships or avoid them altogether if third-party companies cannot guarantee acceptable standards for wood procurement, which are verified by our legality audits.

Sustainability sits at the core of everything we do. As well as strictly adhering to responsible forestry guidelines set out by relevant governments, and by actively engaging with local communities, we strive to demonstrate sustainable  eadership within our industry with bold targets designed to protect our natural environment. Woodbois is committed to creating net-zero CO2 emissions from its combined activities and aims to achieve a balance between the greenhouse gases it produces and the amount it is able to sequester from the atmosphere by 2035.

Woodbois is committed to transparency and the clear articulation of all of its objectives. Our strong internal accountability mechanisms have been designed to effectively implement commitments as well as ensure that outcomes are measured and communicated efficiently.


Woodbois strives to bring an increasing range of social and environmental benefits to our communities on both a local and national level. At the heart of our strategic growth objective is a particular focus on regional employment opportunities and skills development.

Holistic approaches to achieving more sustainable production and consumption practices are emerging. These approaches incorporate systems-thinking, business model innovation and the circular economy. Tackling sustainability issues will therefore involve taking different stakeholder perspectives into account and collaborating across the value chain. These perspectives include those from investors’ local communities, high-level representatives from international organizations, local governments, industry experts, suppliers, customers, end-consumers and NGOs.

Our ongoing pursuit of sustainable accreditations led to our engagement with PPECF1, the Programme for the Promotion of Certified Exploitation of Forests (Programme de Promotion de l’Exploitation Certifiée des Forêts). The objective of the  PPECF is twofold: one, to prevent the loss of certification in companies already certified, and two, to support the third-party certification process. Through this program COMIFAC2 (Commission des forêts d’Afrique Centrales) and German state-owned development bank KfW offer forestry companies support until their initial certification audit. Once this is completed they are better positioned to more easily meet the requirements of the European Timber Regulation3 (EUTR).

We’ve also continued our partnership with Congo Basin Forest Partnership (CBFP)4 , and in 2021 we joined forces with the European Forest Institute (EFI)5 an international organization established by European

States, which conducts research and provides policy support on forest-related issues, connecting knowledge to action.

Also in 2021, Woodbois joined ATIBT6 , the trade association representing and defending the interests of those in the private tropical forest sector, and applied to become member of UFIGA (Union of Foresters and Industrialists of Gabon), a professional union created in 2003 with the sole purpose of studying and defending the economic, material and moral interests of its members exercising forestry activities.

Our shareholder commitment translates to direct on-the-ground action. We regularly engage with our suppliers to align policies and commitments towards increased transparency and sustainability. We also regularly engage with our employees to collect their feedback to help us create a positive, safe and healthy work environment that provides development and growth opportunities. The remote communities in which we operate are deeply dependent on forests – understanding their needs, supporting their development and helping local causes is core to our business.

One of Woodbois’ largest shareholders, Lombard Odier, recently announced a new Natural Capital Strategy7, developed in partnership with the Circular Bioeconomy Alliance8 , to invest in companies that utilise the renewable aspect of nature with a core focus on the timber sector. This Natural Capital Strategy is in line with Woodbois’ plans. The company has developed a five-layer approach to making sure our business objectives are aligned with the Circular Bioeconomy Alliance’s proposal:

We have also recently partnered with World Forest ID9to build a science-based identity and origin catalogue for our Gabonese concessions, which will enhance the traceability of our timber products. The collaboration is in its early stages, but is set to include a range of technologies including mass spectrometry, digital imaging and stable isotope ratio analysis that will provide irrefutable confirmation of species identity and origin.


In Integrated Reporting, a matter is material if it can substantively affect the organisation’s ability to create value in the short, medium and long term. The process of determining materiality is entity-specific and based on industry, multi-stakeholder perspectives and other factors.

A materiality analysis is an exercise that identifies a company’s critical Environmental, Social and Governance (ESG) issues. It engages with internal and external stakeholders to build a full and accurate picture of all organization issues and then use these insights to define core business priorities, guiding both strategy and communication.

Woodbois followed this approach as part of our last annual Sustainability Report, where we worked on defining the organisation’s material matrix. This year, we submitted our materiality survey to a wider range of stakeholders to have them validate our results from the previous year. The relevant issues for Woodbois were identified using the SASB Materiality Map10, which analyses the operational performance of companies in various industries, including the construction material and forestry sectors.

Our analysis followed these steps:
1. Identify and prioritise the relevant issues
2. Identify internal and external stakeholders
3. Design a materiality survey
4. Launch the survey and start collecting insights
5. Identify the critical issues and develop a materiality matrix
6. Define a sustainability strategy based on material priorities
7. Set long- and short-term KPIs and improvement goals

As a result of this process, the most important issues have been identified and are represented in the Woodbois 2021 materiality matrix.




As investors and end customers become progressively concerned about social impact, climate change, and corporate responsibility, companies are facing increasing scrutiny and are expected to be held accountable for their business practices. It is therefore vital that a business strives to create value – social and environmental, as well as financial – across its operations, both now and in the long-term. As McKinsey notes in its report, The Value of Value Creation,

“Investing for sustainable growth should and often does result in stronger economies, higher living standards, and more opportunities for individuals.”


According to the Integrated Reporting framework, the value a company creates, preserves or erodes has an impact on two levels: on the company itself, which affects capital return for investors; and on society at large. Given this, investors evaluate companies based on these two value streams (i.e. identifying whether a company can create value for a broader range of societal stakeholders while also creating value for itself). A wide range of activities, interactions and relationships can have an impact on the interrelation between these two value streams. When these interactions, activities, and relationships are material to a company’s ability to create value for itself, they are included in the Integrated Report.


Woodbois strives to bring an increasing range of social and environmental benefits to our communities on both a local and national level. At the heart of our strategic growth objective is a particular focus on regional employment opportunities and skills development.

Deforestation is increasing, with last year seeing a particularly steep rise: at least 42,000km2 of tree cover was lost in key tropical regions. According to data from the University of Maryland and the online monitoring platform Global Forest Watch, this loss was well above the average for the last 20 years. In total, 12.2 million hectares of tree cover were lost in the tropics in 2020, an increase of 12% on 2019.12

Forests are of critical local and global importance. They are home to some 70% of the world’s plant and animal species, including the pollinators essential to the sustainability of our food systems. Forests play a central role in the equilibrium of delicate ecosystems that supply water to communities and plants for medicines, and – crucially – they are the planet’s largest carbon sinks, absorbing and sequestering CO2 from the atmosphere and helping to mitigate the worst effects of climate change.



While forests help to mitigate the impact of climate change, they are themselves at risk of its consequences. These include destruction by wildfires and storms, as well as devastation by invasive species encouraged into the area due to temperature and precipitation changes.


Illegal logging is responsible for the destruction of swathes of forest, leaving behind areas of land so badly affected that natural regeneration is no longer possible. This practice also contributes to biodiversity loss, conflicts with indigenous and local populations, corruption and both human and animal rights abuses


It is projected that the world’s population will reach nearly 10 billion by 2050. This will put extreme strain on resources provided by forests, including natural materials for manufacturing and land mass for increasing urbanisation.


The forestry sector in Africa is fragmented. Much of the deforestation caused by logging is the result of unsanctioned forest clearing outside of regulated concession areas. Combined with the formal market, logging in Africa is therefore dominated by thousands of small-scale producers that are largely isolated from global end markets. This isolation means producers often view the forest and its resources as a short-term means to an economic end (often driven by poverty), rather than a long-term asset requiring best practice sustainability and conservation efforts.

Local timber suppliers also face challenges in the form of high costs related to certification and management capacity, creating an obstacle to identifying companies that meet their sustainability requirements. This is only compounded as timber changes hands. This traceability the problem can ultimately result in the manufacturing of end products sourced from forestry operations contributing to deforestation

GABON 1 3 is home to some 23.5 million hectares of forest area, which represents 87% of the country’s total area. All of the Gabonese forest areas are owned by the state, though some are managed by private concessionaires or rural communities exercising their customary rights, while some remain protected as national parks.
Gabon faces a relatively low rate of forest loss at 0.12% per year, with an average degradation rate of 0.09%. Deforestation is a result of small-scale agriculture and urban development, while the main causes of forest degradation are industrial mining and illegal logging in opened-up areas.


Despite Africa’s wider challenges, Gabon has emerged as a leader in sustainable forestry. In June 2021, Gabon became the first African country to receive payment for protecting its rainforest by reducing carbon emissions. The UN-backed Central African Forest Initiative (Cafi) is a $150 million program first negotiated in 2019.14 The first payment
of $17 million represents just 0.1% of Gabon’s annual GDP, however the initiative has been widely praised as an important first step in strengthening rainforest protections and maintaining Gabon’s efforts in this area. The rest of the $150 million will follow in the coming decade.

The Gabon Government believes that careful, managed logging is a vital component of these protections. In partnership with The Nature Conservancy, Gabon has tested RIL-C (reduced impact logging for climate), which permits the cutting of just one or two trees per hectare, with 25-year breaks to allow areas to recover. Forecasts suggest this will help reduce logging emissions 50% by 2030 and maintain low deforestation and forest degradation, even as timber production grows.15

This is the balance that Woodbois strives for. As Gabon’s Forests Minister Lee White said in November,

“There has to be a fair deal for Gabon. And we believe the fair deal does involve sustainable forestry. If you do it right, you keep the forest. If you do it wrong, you lose the forest.” 16


Achieving the UN Sustainable Development Goals (SDGs)17 by 2030 will require the implementation of a circular economy, better use of renewable resources, and the regeneration and sustainable management of natural systems.


• Forests help stabilise the climate. They regulate ecosystems, protect biodiversity, play an integral part in the carbon cycle, support livelihoods, and can help drive sustainable growth.

• To maximise the climate benefits of forests, we must keep more forest landscapes intact, manage them more sustainably, and restore more of those landscapes which we have lost.

• Halting the loss and degradation of natural systems and promoting their restoration have the potential to contribute over one-third of the total climate change mitigation scientists say is required by 2030.

International Union for Conservation of Nature (IUCN)]

Woodbois recognises the role it must play in advocating for sustainable forest management if we’re to ensure the longevity of these important natural environments. We are committed to demonstrating positive leadership in this area, and doing so brings about a wealth of social, environmental and business opportunities, both for us as a company, and for the wider population. In engaging with the SDGs, our aim is to drive the sustainable development of Africa while embracing the continent’s move towards higher value-adding activities. This includes creating newand better job opportunities in secure work environments where skills development and equal opportunities are encouraged

Leading the way in aligning our sustainability strategy with the SDGs is Hadi Ghossein, who oversees Woodbois’ sustainability practices on a day-to-day basis, and our Reforestation and Sustainability Manager in Mozambique, Eng. Macedo Uachuacho, who graduated from Eduardo Mondlane University in Forestry Engineering and has 12 years’ experience in the field working with different government entities and NGOs. In 2021, we also welcomed Richard Feteke, who oversees forest management  n Gabon and is managing Woodbois’ LegalSource and FSC certification process.


Managing forests sustainably not only mitigates the directnclimate impact of wood procurement, but can be conducted in such a manner as to facilitate additional carbon sequestration, to the benefit of the global community.


Sustainable forest management means respecting the rights of local communities, and positively contributing to their development and wellbeing.


Suppliers, consumers and skakeholders are increasingly demanding sustainable credentials in the companies they do business with. Those that choose to conduct business in a manner that overlooks environmental factors will ultimately be at a significant competitive disadvantage. The more people that advocate for sustainable forestry, the fewer opportunities there will be for those engaged in nunethical practices.


Sustainable forestry depends on the ample provision of training and development opportunities. This investment in employees helps to promote loyalty and motivation, while creating a culture of ethical practice that will contribute to a wider respect – and therefore protection – of forests.


Woodbois’ inherent relationship with the environments inextricably linked to the climate crisis (forests) means that through partnerships with government and other institutions we have a significant role to play in bolstering other industries’ sustainability initiatives.

Risk & Opportunities

Forestry and timber trading involves a high degree of technical, political, regulatory, and environmental risks, as well as financial risk. Woodbois takes a prudent approach to manage these risks in line with its corporate objectives




Fulfilling the potential of sustainable forestry in Africa18 depends on a number of factors, including regulation, management, a focus on local production and the promotion of intra-African trade. As an operator in a very fragile industry, environment and region, Woodbois is committed to running its business in a way that takes these considerations into account. The Forest Sector SDG roadmap19 , as well as the SPOTT framework, have been used as references to define our strategy and commitment to sustainable # forestry.

Our strategic priorities define how Woodbois intends to mitigate and manage risks and maximise opportunities, and demonstrate our commitment to environmental, social and governance (ESG) best practice. Our impact on each capital will be monitored and presented annually through the company’s integrated report.


Financial CAPITALS

We cannot drive a responsible business without healthy economic growth, and this cannot happen withoutmthe personal and professional development of our employees, as well as adequate salaries to support their families and subsequently, drive the growth of their local communities. On a wider scale, our work must also drive the growth of African countries, which  represent a large potential market for many businesses operating in different industries.

Woodbois’ operations generate and distribute economic value to the countries in which we operate. The communities we work in are typically quite remote and many are subsistence economies. As such, our continued presence and work in these communities is determining factor in their ability to evolve and grow economically. Our vertically integrated value chain ensures that 100% of Woodbois’ products are processed in Africa, elevating productivity, creating new opportunities for skills development, advancing local processes, and ultimately bringing these countries international exposure through the export of locally-produced products, and not just raw materials.

The Company improved on all measures of financial performance in 2021, increasing turnover by 14% and making significant progress by more than doubling gross profit margins, near trebling gross profit, and a first-ever positive EBITDAS. Volumes shipped during 2021 were constrained by worldwide port congestion and difficulties in accessing empty containers which impacted our cash generation and working capital, particularly in Q4.


We recognise the value of our people. We are committed to their development, and their health and safety is our top priority. We invest in the continued professional and personal development of all of our staff, we ensure fair compensation, diversity and inclusion throughout the organisation, and we are proud to proactively fight any kind of discrimination.

Woodbois is committed to: • Respecting human rights including the rights of indigenous and local communities
• Gender inclusion i.e. supporting the inclusion of women across forestry operations<
• Providing essential community services and facilities
• Respecting worker and labour rights for both fulltime and contract employees, including the right to decent work and freedom of association
• Preventing employment and occupation-related discrimination based on gender
• Paying at least the minimum wage
• Ensuring ethical and fair conduct, and fighting corruption
Woodbois’ commitment to human rights and occupational health and safety applies to all suppliers.

Employee wages in gabon and mozambique

Before April 2021, the minimum legal monthly wage in Mozambique was 4,600mt (73.6$) and Woodbois paid its workers 6,700mt (107.2$) a month at this time.

In April 2021, the minimum legal monthly wage in Mozambique increased to 7,450mt (116$) and Woodbois increased its wage to this level. From July 2022, the government in Mozambique will increase its monthly wage to 9,485 mt. Woodbois will then increase its wage to comply with the country law.

In Gabon, the minimum monthly wage (before bonus and premiums) imposed by the government is 87,000fcfa (140$)and Woodbois pays its employees 110,000fcfa (177$) per month.


Woodbois aligns to international best practices such as the Fundamental ILO Core Conventions, ILO Code of Practice Safety and Health in Forestry Work, the UN Declaration on the Rights of Indigenous Peoples, and the United Nations Declaration on Human Rights.

We are committed to extending these international best practices to all of our sourcing and suppliers.

In the second half of 2020, the company began providing educational training around issues such as:

In 2021, the company further formalised this process by hiring a dedicated ESG manager (Richard Feteke) in Gabon, who will supervise this initiative.


Woodbois pays female employees the equivalent of 100% of a male employee’s salary in Gabon and Mozambique, which is above the national average (source: Gender Gap Africa). Woodbois continues to be committed to reducing the wider industry gender pay gap and to supporting the inclusion of women across all our forestry operations.

Our company is an equal opportunity employer, committed to driving inclusion and diversity in the organisation wherever possible through recruitment, training, career development and promotion.

Eliminating discrimination starts with dismantling barriers and ensuring equality of access to training. We are committed to preventing employment- and occupation-related discrimination based on gender, and believe this is an essential prerequisite for building resilient and socially-minded economies.

We are also committed to keeping employees as fully informed as possible with regard to the Group’s performance and prospects, and seek their views, wherever possible, on matters which affect them as employees.

Woodbois’ commitments apply to all suppliers.


At Woodbois safety comes first. We are committed to ensuring the safety of all of our employees, contractors and the communities within which we operate.

Though coronavirus lockdowns again reduced shifts and the number of employees allowed at Woodbois manufacturing sites during 2021, we took this opportunity to invest in upskilling and training, with a heavy focus on health and safety

We also implemented continuous improvement initiatives and lean manufacturing processes with the idea of building a culture where everyone is encouraged to contribute to enhancing workplace safety and production efficiency.

The impact has been considerable – we have since set consecutive production records and consider our approach to continuous improvement to be of a world-class standard. We work hard to foster a culture of safety championed by all employees through a dedicated action plan and rigorous monitoring, including:


Reforestation team member in Mozambique wearing PPE


Woodbois has an established company-wide grievance framework that is accessible to both internal and external stakeholders. It is our policy to ensure that all employees have access to procedures to help deal with any workplace grievances fairly and without unreasonable delay. This policy applies to all employees.




Copenhagen Office Director

Copenhagen-based Jacob has been with Woodbois since the very beginning. “When we first started the company, we applied to many banks for a loan and got a lot of rejection,” he says. “One bank agreed to see us, and offered us a VIP parking space in front of the premises for the meeting, but since we were driving such an old car we decided to walk on foot instead!” But, he adds, “we did get the loan”. His best business advice? “Be patient and avoid ‘panic solutions’. You can’t solve problems in a rush.” Jacob is proud of the success Woodbois has seen since its beginnings in 2005: “Being named the fastest-growing company by the Danish Stock Exchange  being all over the papers was a big achievement.”


Payments Controller

Copenhagen-based Mette has been with Woodbois for 14 years, initially joining the company because she wanted to do something that made a difference. This ethos is reflected in her commitment to cycling. Since 2008 she’s been cycling six kilometres to the office and six kilometres back again. “This should be more common,” she says. “Cycling is a great alternative to petrol use.” Her goal for this year? “Try to keep up with the inbox!”


Company Administrator

Adriano is from Chokwe in the south of Mozambique, and currently lives in Maputo City. He joined Woodbois in October 2016 as a logistics assistant. Now serving as company administrator at Argento Mozambique, he says he’s proud to have built such a strong 40-person team which performs even more efficiently than previously larger teams. He’s also very happy that Argento Mozambique is among the five best-ranked concessions in terms of operational strategies and compliance. His best advice? “Always listen before replying and spend less to invest more – always keep sustainability in mind.


Veneer Sheet Sizing Technician

Gabon born-and-bred Alin has been with Woodbois since 2009. “My greatest achievement is staying focused in this role – I was so happy to celebrate 10 years with the company back in 2019,” she says. Her advice? “Always try to work on something you enjoy.” Her goal for this year is to build a house for her bfamily.


Group Finance Manager

Mauritius-based Anju has been with Woodbois since 2018 and is a big believer in teamwork. “We must always work as a team to achieve the best results,” she says, adding that her goal for this year is to work together as a team to bring higher profits to the company. She says that her best achievement so far is consistently meeting tight auditing deadlines with zero audit adjustments.


Woodbois is committed to supporting local businesses in order to make a valuable contribution to the communities of Gabon. One such example is Woodbois’ very own Picasso, real name Guy Christian Mabikais. Originally from Congo, Guy moved to Gabon in 2001, and was made redundant from his job in 2016. Struggling financially, he decided to embrace his passion and talent for art, and in 2017 began offering his services as a road sign maker to local companies. A friend introduced him to Woodbois, and by the end of 2021 Guy – subsequently baptised ‘Picasso’ by the Woodbois team – was working full time for Woodbois as a contractor.

He’s since created


for the company, and has enough work to
maintain a regular income all year long.


We take a proactive approach to investment in energy efficient equipment in order to drive down both costs and emissions, and we make the most of the plentiful renewable resources available to us. We use wood, for example, to create circular solutions that further meet our energy requirements

The Group continued the roll out of its strategic plan during 2021 with capacity at the sawmill in Mouila, Gabon, almost doubling to 30,000m3 of annual sawn timber output. Value-adding capital projects have continued into 2022 with capacity at our veneer factory in Mouila expected to more than double to an annualised output of 15,000m3 . Significant challenges, most notably the ability to receive machine parts by sea freight, have delayed the completion of this installation: full commissioning is expected to be completed by June 2022. The acquisition of an additional 71,000 hectares (of which 56,000 hectares has an existing approved management plan in place for harvesting) of valuable forest concession land in Gabon during 2021 will more than satisfy the additional raw material input requirements of these expanded production facilities.


asset overview

Woodbois’ Gabon facilities are located in Mouila, a small rural community 400km from the capital city. We are the largest formal employer and offer local people skilled jobs with valuable development opportunities.
Coordinates: 1°52’19.0”S 11°01’22.4”E
Woodbois’ operations in Mozambique are located in Gile/Uape.
Coordinates: 16°09’36’’S 038°05’05’’E


With more than 156,000 hectares of forest under management, Woodbois has been a significant player in the Gabonese forestry sector for the last two decades. Woodbois has invested significantly into its leading sawmill in Mouila, equipping it with the latest European machinery suitable for African hardwoods, and establishing solid training and development programmes to broaden the skillset of the local workforce. For example, a Primultini bandsaw was added to increase our processing capacity, enabling us to cut long timbers of multiple sizes at the same time. We have also hired industry-leading forestry professionals to advance this site, and to move the company’s offerings further along the timber value chain into products such as blockboard.

Our veneer factory was completed in 2019 as part of our expansion plan and is also located in Mouila, just 50km away from our forest concessions. A second line is planned for 2022 which will enable us to triple our daily production and offer a wider range of products to our customers. This will also bring at least 50 new employment roles to the Mouila’s community. Production from the factory – which employs a significant proportion of women – is exported mainly to the Mediterranean region, with key buyers in Italy, Morocco and Turkey.

Ms. Inssaf Aliazzi is the manager in charge of logistics and shipping in Gabon.


Woodbois responsibly sources and trades products from several international – mainly African – countries. The chart below shows the list of countries we source from.

20,200 m3 of timber sourced from third-party supplying mills and traded, representing 59% of the total timber traded (34,427 m3).


Our material issues – equal rights, conflict resolution and legal harvesting – can be addressed through the consistent application of our three key priorities: leveraging leadership role modelling to live up to the value of integrity and transparency; ensuring ethical conduct and anti-corruption best practices are in place; and ensuring labour rights are met fully.











10. TAX




This map shows Woodbois’ management plan in Gabon for 2021.

Management plan:


All of Woodbois’ forest management plans have been approved by local governments following preliminary community consultations and approval processes, and are strictly followed.


Following a 23-year rotation cycle, Woodbois is permitted to harvest a section of its total concession area for three years. After these three years, the same area cannot be touched for 20 years to ensure forest regrowth.


Vital to minimise the impact of roads.



Areas not in production are protected by Woodbois from illegal logging activities or other uses, such as agriculture.

Forest management plans allow us to track how many cubic metres of timber have been extracted while monitoring the impact our operations have on the environment, ensuring we operate responsibly.


Woodbois’ trading network comprises some 300 customers across more than 60 countries. We place a high value on these connections, and we aim to foster a relationship of trust and security with our customers and suppliers.







To confirm that none of the wood traded by Woodbois is on the CITES species list, our traceability process allows us to track products across their entire journey, from forest to manufacturing to final export. We trace both our raw material and processed timber back to the country of harvest. Any timber handled by Woodbois in any form requires a certificate of origin – neither ourselves nor our logistics providers or customers will handle timber that does not have a certificate of origin identifying its country of harvest. 

In collaboration with South Africa-based WorkPool, we have developed software allowing our trading and operations teams to collect all trading-related data, from inputting a simple sales or supplier enquiry all the way through to issuing invoices. This software allows us to quickly identify any supplier with out-of-date documentation, so we can remove them from our supply chain until their paperwork has been renewed.

We’re also continuing our collaboration with DiginexESG20, a financial services and blockchain technology company, to build a blockchain-based solution to help companies and investors manage ESG company risks, and make sustainability reporting more transparent, secure and immediate. The DiginexESG platform has been used since 2019 by the Woodbois executive team for monitoring and validation of the company’s ESG disclosures in line with the Global Reporting Initiative (GRI) Standards.



We are committed to:

Our commitments apply to all suppliers.

Our teams are actively engaged in community consultations to ensure we respect local customs and our contributions have meaningful value (our FPIC procedure is reported in the report annex). This commitment extends to respecting legal and traditional land rights. For example, our forest concessions are a direct result of community consultations. Local stakeholders help designate and map agricultural land for local use, dedicate areas for specific crops and provide education and information related to the hunting seasons. In some cases, we have established contractual agreements with communities to ensure we respect and align with local needs and customs. Woodbois is also financially contributing to the development of villages Saint-Martin and Mboukou.

In 2021, Woodbois donated 500m3 of lumber to the villages of Mboukou and Saint-Martin. We also provided 5,000 litres of diesel to the villages in our harvesting area.

We count on our neighbouring communities for our dedicated workforce, local business partnerships, and stewardship of the natural resources entrusted to us. Woodbois is committed to conducting business with integrity and in a way that promotes shared prosperity. In accordance with the Gabonese Forestry Code, Woodbois makes regular financial contributions to a fund co-managed by community representatives, local government, and the Ministry of Water and Forests. This fund supports critical community led development initiatives.


Since October 2021 Woodbois has been constructing a 126km road in the southwest of Gabon: Route Mouila Mimongo. The new road will give villagers much easier access to the outside world, as the poor condition of the existing abandoned road made visiting family, shopping and business a considerable challenge – a 50km journey would previously take three days to complete. The two-phase project also includes the renovation of bridges, plantation grounds and a local community court.

Other projects planned for 2022 include the restoration of land around the dispensary of Kembele to provide better access for the villagers, as well as restoration of Kembele’s local football pitch, which is used by the football team of Kembele and village school children. We will also be making donations of tools and equipment to villages in our local areas to help communities more efficiently collect and manage wood.


In 2019, Woodbois began using Global Forest Watch, an online platform that provides data and tools for monitoring forests. By taking data from various satellites, Global Forest Watch can give real-time information on  forest fires and other potential deforestation situations.

We are committed to:

Our commitments apply to all suppliers.


In 2021, Woodbois was again recognised for its sustainable activities in the SPOTT ESG policy transparency assessments for the worldwide timber and pulp industries. In the annual assessment, Woodbois was ranked sixth out of more than 100 companies.


Woodbois is committed to responsible and ethical forestry.

Our forest management and responsible sourcing practices have a direct impact on SDG 15 and on our ability to preserve the forest environment while supplying wood and wood products in the long term. Inadequate and aggressive management practices could affect the potential of the lands where we operate, reducing the positive impact on localcommunities in terms ofresources and job opportunities. We aim to while recognising the subsistence needs and customary rights of local communities and indigenous peoples.

By pursuing sustainable forest management, Woodbois aims to enhance the benefits healthy forests bring to our ecosystems and help reduce the negative effects of climate change on forests and forestdependent people.


We are committed to:




In 2021, zero illegal and non-compliant deforestation was
reported. If non-compliant deforestation or conversion
occurs in the future, Woodbois is committed to the
restoration of the areas involved.

The company is working with the Gabonese government and
by 2025 will not accept any form of deforestation.

Woodbois is constantly monitoring climate change and has
identified a list of specific parameters to measure over time,


We are committed to:



In October 2021, Woodbois commissioned SEEG, the state-run water and electricity utilities company in Gabon, to carry out a study of the well at its sawmill in Gabon.

Woodbois wanted to verify it was not polluting the well with waste, oil or biohazards. The result, provided by an independent third party lab following the WHO guidelines for drinkable water, found the water to be drinkable, with a PH equivalent to Perrier water (ie,5.5)

As Gabon is renowned for its two heavy rain seasons, our facilities are equipped with drainage and gutters adapted to large amounts of water. The water collected is directed as far as possible from the operation and process area using gravity to evacuate it.

In 2022 we intend to add more decanters close to our garage area to capture even more waste and to use part of this water as “grey water” for our commodities.

Woodbois applies strict environmental rules and has written procedures to mitigate the risks of pollution in every area of process, and in the forest, to avoid water and soil contamination.
Details of these procedures are available on demand.

Waste Management

Woodbois does not use chemicals or pesticides to manage waste. Wood waste is shared with all neighbouring villages (1,200m3 in 2021) and the remaining wood waste is used as biofuel for the veneer factory and kilning operations (1,840 tonnes in 2021).



Born in Gabon in 1985 and with 12 years’ international professional experience across a range of sectors, Jean Dedieu was inspired to start his wood waste recycling company after watching Marvel movie Black Panther. Living in Belgium at the time, he returned to Africa in 2020.

Jean originally started a training school in wood and forestry, but with the encouragement of industry figures decided to pursue wood waste recycling, supported by Woodbois which provided Jean’s company with wood waste free of charge.

In 2021, Jean launched Exploitation Forestière Agrèage Wakanda (with Wakanda a nod towards Black Panther), building his workshop with wood waste retrieved from Woodbois factories.

EFAW transforms and recycles wood, sawdust and shavings, processing 300m3 of wood waste every month – equivalent to 150m3 of finished product. The company – professionally accredited within the forestry sector – employs four people directly and 15 people indirectly, and has a capital of five million Central African CFA Francs.

As well as building and selling a range of wood-based products, EFAW plays a significant role in the local community, helping to build houses and training young people, preparing them for careers in forestry

Next on the agenda for EFAW is investment in a pellet-making machine to further reduce wood waste, and the launch of internships for apprentices within Woodbois’ factories. “The wood and forest sector represents a great opportunity for our youth and their perspective of employment. Without the support of Woodbois I would not have been able to realise this project,” says Jean. “I consider Woodbois like a godfather to the project!”

WoodBois is closely following the development of EFAW and plans to come back with an exciting update in 2022.




Woodbois does not use chemicals in any forestry, sawmill or veneer operations, including chlorine or chlorine compounds, pesticides and chemical fertilisers (such as  World Health Organisation Class 1A and 1B pesticides or chemicals listed under the Stockholm Convention and Rotterdam Convention). To capture and dispose of pests, we use an integrated management approach with nonchemical devices


At Woodbois, we believe the best approach to reducing the risk of wildfires is preventative firefighting. Our proactiv three-pronged approach –effective weed control, firebreak construction and ring-hoed trees – drastically reduces fuel loads prior to the dry season. By engaging local communities to identify potential hot spots, we ensure fires are kept to a minimum. Our preventative approach is extremely effective; Woodbois  has never lost a single tree to fire in any of its project areas.


Woodbois minimises the impact of logging roads by basing main tracks, wherever possible, on existing roads and elephant paths, and avoiding secondary roads unless absolutely necessary. Our forest management plan creates new roads efficiently and carefully,  with infrastructure dimensions minimized as much as possible while adhering to safety and sunlight rules.  Watercourse crossings are constructed without raising the water level, which could potentially lead to flooding upstream and the destruction of forest. Bridges and other structures are planned and constructed according to varying seasonal flows.

Crucially, harvesting only takes place along carefully laid out skid trails. After harvesting, skid trails are rehabilitated to avoid permanent soil compaction and roads are closed to prevent poaching and illegal settlements. In just a few months, skid trails and harvesting gaps are covered by tree regeneration, while roads disappear after a few years due to the natural regeneration of pioneer tree species.



39.7 k g CO 2 e



Woodbois has FSC chain of custody certification in Denmark and began its journey towards FSC Certification in Gabon in 2020, as well as engaging with the Programme de Promotion de l’Exploitation Certifiée des Forêts24 (PPECF). Our certification is now more than 60% completed.

Within the next ten years Woodbois is committed to:

Woodbois is committed to FSC certification: Forest Management and Chain of Custody. Woodbois will apply for FSC Chain of Custody in 2022 and Forest Management in 2023. For both types of certification, independent FSC-accredited Certification Bodies verify that all FSC-certified forests conform to the requirements contained within the FSC forest management standard

FSC certification is an international standard focusing on:


In 2021, for the first time, the Voluntary Carbon Markets (VCM) surpassed $1 billion in notional value traded,25 demonstrating growing confidence in the market’s ability to facilitate near-term climate solutions.

The agenda at COP26 gave significant attention to the role
of nature in climate mitigation and adaptation. In many cases, the private sector responded with updated twin commitments, proposing dual strategies for managing risks associated with both climate change and biodiversity loss. As a result, the VCM saw a surge in preference for credits originating from nature based solutions (NbS), with prices climbing to new highs. Research indicates that NbS have the practical potential to deliver emission reductions of 7GtCO2 e per year, equivalent to one third of the global the target set in Paris. Beyond the climate benefits, NbS can deliver significant environmental and social co benefits, all at a lower cost than ready-to-deploy technological solutions.26 Capitalising on this potential will require a coherent effort between governments, the financial sector, and business actors in order to deliver projects at a new pace and scale

Woodbois established its carbon division in 2021 with the aim of developing a project implementation model that can simultaneously deliver environmental, social and economic value. In a 12 month period, the team has made significant progress towards initiating a proposed maiden project, comprising a large-scale assisted natural regeneration scheme in the south of Gabon, designed to

introduce indigenous forest to an area currently occupied by low-value grasslands. The  project involves collaborative fire management and enrichment planting strategies that will create significant local employment, enhance carbon stocks, increase biodiversity, and improve livelihoodsthrough upskilling and alternative income generation. The project is made feasible by the attractive carbon revenue potential. Woodbois expects to register the project with the Verified Carbon Standard for credit issuance as well as Climate, Community and Biodiversity accreditation. Based on conservative estimates, the project could generate 25,000,000 carbon credits over a 45-year period.

Extensive due-diligence carried out as part of the project feasibility process confirmed the attractiveness of Gabon as a project jurisdiction. Woodbois has a long history of operating in the country and continues to strengthen relationships with the local community and Government. Joining the Gabonese delegation at COP26 provided an opportunity to discuss the country’s vision for global carbon markets and the expectations for project developers in Gabon. Well-aligned development objectives, supportive policy and prime environmental conditions all contribute to a unique project development setting. The economic advantages were recognised in a recent OECD paper that compared 166 countries based on the cost efficiency of forest carbon sequestration; Gabon ranked first in the afforestation category.27

In 2021, Woodbois was again recognised for its sustainable activities in the SPOTT ESG policy transparency assessments for the worldwide timber and pulp industries. In the annual assessment, Woodbois was ranked sixth out of more than 100 companies.



Gabon is ideally located and structured for African reforestation as it is one of the world’s most densely forested countries, with a unique bioclimate suited to rapid tree growth and optimal CO2 sequestration.

The Gabonese government has demonstrated a keen appreciation for the environment, addressing deforestation, investing in green industries, and engaging with international sustainability programmes.


Woodbois manages and operates approximately one million acres of natural forest concessions in Gabon and Mozambique, with the latter our main focus of reforestation activities.

We began reforestation in Mozambique in 2017, with 35 hectares in Madeiras, expanding with a further 30 hectares in 2019. The project is managed by Eng. Macedo Uachuacho, and supported by Woodbois’ head office in Maputo, Mozambique’s capital. There are currently 10 employees working on the project – a number we expect to grow as we expand the area of reforestation. In 2022, we plan on planting 5,000 more trees.

Eng. Macedo Uachuacho,
Reforestation and Sustainability Manager in Mozambique

We have installed a permanent nursery to support seedling irrigation and only plant species that are native to each concession and their surrounding communities. Since the project began in 2017, more than 10,700 trees of different species have been planted, with the first seedlings now standing between four and five metre stall. At the end of every month, a comprehensive report on our activities and progress is sent to Ministry of Forestry authorities

The project is also an important part of our community collaboration engagement. We aim to make a valued contribution to social progress and the regional economy by creating jobs, providing training and empowering employees to lead initiatives for local action.











When Woodbois opens up a new area of forest to be harvested, the company follows an internal FPIC (Free Prior and Informed Consent) procedure to ensure that locals are properly informed and that their concerns and needs are taken into account in the context of the prospective operation.

Identifying concerned locals and their representatives

Inform the local community of the company’s plans, document any concerns or needs that the indigenous people have

Implementation of local community needs within our projects. Regularly monitoring and evaluating agreements that are in place


The Traceability Assessment Guide (TAG) created by Smurfit Business School in collaboration with Woodbois is reported below.