Businesses risk timber resource crunch if they fail to move to sustainable practices
However, the report highlights key benefits that will make the case for businesses to switch more rapidly to sustainable sourcing. These include:
- advantages in regulatory positioning
- easier raising of finance
- added brand value
- a more engaged workforce
As the international market for timber will change in its dynamics in the next decades, without urgent action businesses which have failed to adequately plan for continuity of their timber resource could be left exposed with fewer commercial options.
The implications are far reaching with WWF’s Living Forests report series concluding that global demand for timber is expected to triple by 2050 due to an increase in demand of wood and paper products from growing economies and populations. At the same time this report’s analysis indicates that:
- Brazil has only 16 years of timber forests remaining, South Africa 7 years, Colombia 12 years, Mexico 9 years, Nigeria 11 years, Thailand 9 years and Pakistan 10 years.
- Primary forest is being depleted at an alarming rate in many forested countries, the most extreme examples being Nigeria, losing 99% of primary forest, and Vietnam 80% since 1990 – a loss of almost 2 million hectares in these two countries alone. This has a huge impact on the biodiversity and other important forest ecosystem functions.
- In the UK by 2050 less than 22% of the timber will originate from Britain.
Julia Young, Global Forest & Trade Network Manager for WWF-UK commented:
“Committing to sustainable timber sourcing isn’t just an added bonus, but is something that any timber dependent business must be investing in if they want a healthy and resilient business that will survive. This report sets out important areas in business functions where benefits are likely to accrue, but are not accounted for when making decisions about the overall cost benefit of sustainable sourcing. We can no longer rely on our usual sources of timber as unsustainable practices are having devastating consequences on forests, and we face a real danger of not having enough timber to satisfy our growing population needs.
“Businesses need to review how their timber is sourced if they want to secure supply for the future, and in keep timber prices stable. This will have tangible business benefits of sustainable practices including advantages in regulatory positioning, easier raising of finance, brand value and an engaged workforce. It also gives manufacturers maximum scope for product development and provides retailers with a full range of tradable goods. These business benefits can increase performance and ultimately aid the bottom line.”
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