Wake up daily to our latest coverage of business done better, directly in your inbox.
Get your weekly dose of analysis on rising corporate activism.
The best of solutions journalism in the sustainability space, published monthly.
Select Newsletter
By signing up you agree to our privacy policy. You can opt out anytime.
The Timber Trade Federation (TTF) has suspended six companies that have failed to meet its deadline for auditable environmental due diligence procedures.
However, the suspended companies will continue to receive ‘proactive support’ from the TTF to help them establish or formalize procedures by the end of this year.
The TTF has refused to name the suspended companies for ‘confidentiality reasons’, raising questions over the meaning and exact nature of the suspension.
It said almost all its members had met the new requirements.
John White, the TTF chief executive, said: ‘Members have found that the process isn’t as daunting as they first thought and it has in fact augmented their business offer to their customers.’
He added: ‘With wood being bought now that could still be in the yard when the European Union timber regulation takes effect, ensuring robust risk assessment and traceability is already becoming business-critical, and I am proud of the way TTF members are rising to the challenge.’
TriplePundit has published articles from over 1000 contributors. If you'd like to be a guest author, please get in touch!
