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Timber trading platform aims to increase transparency, legality

November 24, 2016

Timber trading platform aims to increase transparency, legality

An online tool now allows timber traders to verify the sustainability of their purchases from important tropical timber countries such as Brazil and Indonesia.

More than ever before, global consumers are demanding products made from responsibly sourced timber, and importers are increasingly being asked to account for where their timber and wood products come from under statutes such as the EU Timber Regulation and the Lacey Act in the US. To help buyers and traders stay in step with those trends, the BVRio Environmental Exchange unveiled the Responsible Timber Exchange on Wednesday.

“This is the first vehicle that promotes legality [and] sustainability,” said Pedro Moura Costa, the founder and president of BVRio.

The BVRio Institute, a nonprofit organization founded five years ago to come up with market-based solutions to boost environmental compliance, hosts the Responsible Timber Exchange.

Moura Costa said that in the past couple of years, BVRio had been asked by certified timber companies working in Brazil to help them operate more efficiently and economically.

“The illegal operators have such an advantage,” Moura Costa said, making it difficult for more ethically minded timber producers to compete.

Read more at MONGABAY.

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