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Brazilian wildfire update

  • Brazilian wildfire update

    As an ethical and sustainable producer of tropical hardwoods, we are very distressed to see reports of indiscriminate logging and deliberate burning of rainforest.

    Global leaders seem to be uniting to bring pressure on the Brazilian president to bring this behaviour under control. Over the last few days we've been encouraged by news reports that both domestic and international protests seem to have forced Bolsanaro to take action to tackle the fires.

    We would like to reassure our investors on a number of points:

    Green IS plantations

    There is no danger to any of the Green IS plantations. Our plantations are approximately 500 miles from the rainforest, and each one is surrounded by an enormous expanse of grassland.

    Commodity crop

    Teak is not a native Brazilian species, and does not exist in the rainforest - it was introduced in to Brazil as part of a strategy to produce tropical hardwood for export, to take pressure away from logging of the rainforest.

    FSC certification

    Our plantations are certified by the FSC, and as such we are subject to rigorous criteria; this includes replacing more trees than we harvest, and setting aside an equivalent area of land to provide a habitat for Brazilian animals and plants. In the light of the illegal logging and wildfires, international timber buyers will have an increased requirement to prove that timber is sustainably sourced, which we achieve with our FSC certification.

    Replanting programme

    While we can only make a relatively small contribution to alleviating the damage being caused, our tree planting programme is currently running at 100,000 trees each year.

The demand for tropical hardwood

The International Tropical Timber Organisation has tracked a 300% rise in the value of teak in the past four years, fuelled by consistent demand in traditional markets and huge growth in emerging markets.

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    Despite the growing demand, the supply of teak is constrained by an international boycott on felling teak trees in their natural environment, which is why Green IS plantations employ certified, sustainable forestry practices in carefully managed plantations.

    Demand

    The demand for tropical hardwood, especially teak, is increasing, although depletion of natural forests has led to bans on the logging of many of these tree species in their original countries.

    These restrictions do not apply to teak grown in Brazil. Simply, teak is an Asian tree that has been transplanted to certain parts of Brazil where the climatic conditions are similar to their natural habitat. The cultivation of teak in Brazil in no way impacts on naturally occurring teak; indeed, growing trees on plantations helps to reduce the pressure for illegal logging

    Proof of origin

    The timber industry is truly international, and one of the main requirements is to prove that the timber being sold comes from an ethical and sustainable source. The Forestry Stewardship Council (FSC) – ic.fsc.org - has certified the Green IS organisation in Brazil. This means that the FSC have inspected our ‘chain of custody’ from plantations through to finished product.

    Ethical

    To meet the ethical criteria set by the FSC, Green IS has proved that it is a responsible employer. The operations company, Florestal Eirili, is incorporated in Brazil and abides by all local taxation, employee and health and safety legislation.

    These requirements extend as far as ensuring that during the harvesting season the loggers have access to purpose built accommodation, as the plantations are often many hours away from built up areas.

    Sustainable

    Replanting is a sustainability measure to ensure that more trees are produced than consumed. In order to meet the requirements of FSC (Forestry stewardship Council) certification it is necessary to replant at the rate of 3:1 for each tree harvested - Green IS has an extensive replanting programme, and currently replants at the rate of 10:1

    Local farmers have been encouraged to plant teak trees to meet a number of objectives, including: increased tree coverage with the benefit of carbon capture; a wood harvest that provides income and employment; an export that brings in foreign currency; and most importantly, a focus away from native Brazilian species.

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Sustainable, Ethical, Efficient

We control the production of our teak from seed to plank, offering comprehensive control over the forestry and labour practices at all of our teak plantations. As a result, we can boast of the highest quality finished product, industry-leading ecological practices, and of longstanding relationships with our farmers in Brazil.

FSC® Certified Company

Green IS Group Limited has policies in place for the responsible management of forests. This ensures respect for the environment and our workers.

FSC® is not responsible for, and does not endorse, any return on financial investment statements.

Accountants

Bright Grahame Murray

Advisers

Capital Alliance Partners

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