Assess our Legality Verification System. Soon BVRio will release the Responsible Timber Exchange trading platform.

Learn more about the Exchange

due diligence and risk assessment

A timber negotiations platform with inbuilt due diligence and legality verification systems
The System conducts a risk analysis of wood products along its supply chain, from point of production to final buyer. All information and documentation are stored in the system, using blockchain technology, and can be made available for independent auditing. In the near future, this system will be integrated with BVRio's Timber Exchange, a negotiations platform for legal or certified (i.e., FSC) timber with an inbuilt due diligence and risk management system.

BVRio's Due Diligence and Risk Assessment tools are available for mobile phone or desktop versions.

Get it on App Store

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.
DOCUMENT ANALYSIS

Documentation is checked to verify compliance with applicable legislation

REMOTE SENSING

Status of logging operations are checked with satellite imagery

FIELD AUDITS

If necessary, field audits can be conducted

EXTERNAL DATABASES

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.

Advisory board

The development of the Timber Exchange and its Due Diligence and Risk Assessment system benefited from the input of various individuals and organisations, that are represented in an Advisory Board to ensure that the Exchange operates in a consistent and transparent way.
madeiris_del

Contact us

Get in touch for further information