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Green Resources Releases Latest Sustainability Report 13/04/16

Green Resources has produced its third semi-annual Environmental and Social (E&S) Impact Report. Since March 2015 the company moved to produce a biannual report in line with GRI G4 reporting standards. The latest report covers the period July - December 2015. GR decided to start reporting based on the Global Reporting Initiative’s (GRI)’ G4 guidelines in 2014, and we have now integrated this with the Global Impact Investment Network’s IRIS reporting framework as well as the individual impact reporting requirements of our development banks, including the Annual Social and Environmental Monitoring Report that GR has been publishing for several years.  Compared to previous reports, we have included a greater number of G4’s specific disclosures and helped the reader navigate through the report by extensive cross-referencing. 

Forestation has large positive effect on climate change mitigation and our forests sequester large amounts of carbon. For FY2014/15 GR sequestered 594,738 tonnes CO2 eq/yr, up 260,000 tonnes CO2 eq/yr compared to 2012/13, the last calculate figures. During the reporting period, GRs continued to reduce the corrective actions requests (CARs) received in the FSCTM audits at our four certified plantations[1]. The number of issued CARs was almost halved from 2014 to 2015, and GR has solidified its position as the leading owner of responsibly managed plantation forest in Africa outside of South Africa.  The focus for 2016 is to expand the area under certification and to complete biodiversity studies.

Over the last six months GR has continued to see improvements to its health and safety (H&S) records, driven by better management and reporting.  Following an unacceptable level of accidents in 2014, GR has put significant emphasis an H&S issues and made changes to its practices.  There were no work-related fatalities in 2015.

It has been a relative quiet period for completion of community projects, with the completions of two Classrooms, pit-latrines in two schools, a teachers’ office, and a medical dispensary in Tanzania. In addition, two new projects were started during the last half year, the construction of teachers housing and pit-latrines at another school. GR is a large and important tax and VAT payer, within an industry that is dominated by informal players.

The company have implemented a new stakeholder engagement, communications and grievance management procedures in Tanzania and is in the process of implementing new procedures in Mozambique and Tanzania. From this GR has seen improved relationships with various stakeholders, including communities, governmental departments, and partner organisations.

This has been a busy period, with a lot of work focusing on the implementation of new plans, policies and procedures that had previously been put in place. I am very pleased to publish our third Environmental and Social Impact Report using the G4 standards. GR’s activities normally generate large positive environmental, social and economic effects in some of the world’s deprived urban areas. At times there are also negative effects that we will work hard to rectify.  We will continue to strengthen our reporting and transparency such that we can share the positive results of our business, while using this to identify and correct problems. 

 

For the full report please clickhere


For more information please contact:

Mads Asprem, CEO (mads.asprem@greenresources.no)

Teddy Nsamba, ESG Director (teddy.nsamba@greenresources.no

Emma Shepheard-Walwyn, Sustainability and Stakeholder Relations Manager

(emma.shepheard-walwyn@greenresources.no




[1] FSC Licence numbers: GRL: FSC-C015169; NGR: FSC-C107952; LGR: FSC-C110223; BFC: FSC-C106074