due diligence and risk assessment
A timber negotiations platform with inbuilt due diligence and legality verification systems
due diligence and risk assessment methodology
The due diligence and risk assessment process starts with the analysis of documentation provided for the Brazilian government’s DOF and Sisflora Systems (document of origin of timber products). Information gathered is crosschecked to detect any inconsistencies with internal and external databases, including satellite imagery analysis (including analysis from WRI’s Global Forest Watch, and Brazilian NGOs Imazon and ICV) and official databases of infractions of environmental legislation, slave labour, illegal deforestation, environmental infractions, and tax compliance.
Documentation is checked to verify compliance with applicable legislation
Status of logging operations are checked with satellite imagery
If necessary, field audits can be conducted
Verification of official lists of environmental infractions, license cancellations, slave labour, etc.
Each consignment of wood products is analysed according to its chain of custody, estimating the risks associated with possible social and environmental infractions. Probability calculations are used to estimate risks. The system is based on big data analysis and databases are updated overnight, conducting more than 1 billion cross-checks on a daily basis. The more the system is used, the stronger its predicting capacity and strength.Each timber consignment is classified according to the completeness of information about its chain of custody and associated risks.