LONDON, UK: Woodbois Limited (LON: WBI) has joined The Circular Bioeconomy Alliance (CBA), an organisation that brings sustainability focused enterprises together and places nature at the heart of restoring the global circular bioeconomy, a news release said.
The Circular Bioeconomy Alliance (CBA) was established by His Royal Highness, The Prince of Wales, in his Sustainable Markets Initiative in 2020. The organisation aims to accelerate the transition to a circular bioeconomy that is climate neutral, inclusive and prospers in harmony with nature.
The Alliance provides knowledge-informed support as well as a learning and networking platform to connect the dots between investors, companies, governmental and non-governmental organisations and local communities to advance the circular bioeconomy while restoring biodiversity globally.
Woodbois Limited is one of six new members joining the Circular Bioeconomy Alliance (CBA), with the group’s current activities including forest landscape restoration and agroforestry projects in Africa, Europe, South America and Asia. Other partners include AstraZeneca, Lombard Odier (which owns a 21.3% interest in the Company), The World Economic Forum and other blue chip sustainability driven organisations.
A circular bioeconomy relies on healthy, biodiverse and resilient ecosystems. It aims to provide sustainable wellbeing through the provision of ecosystem services and the sustainable management of biological resources. These are transformed in a circular manner into food, feed, energy and biomaterials – within the ecological boundaries of the ecosystems that it relies on.
Executive Chair, Paul Dolan, said: “We are delighted to be joining a group of likeminded organisations at the Circular Bioeconomy Alliance who share a common goal to move away from a traditional linear fossil-fuel based economy, towards a sustainable circular bioeconomy.
Natural capital can be found at the heart of all Woodbois’ operations – we recognise the critical role forest ecosystem services play in regulating climate, harbouring biodiversity, supporting rural livelihoods, and producing renewable materials for a green economy.
The CBA presents an invaluable platform for circulating knowledge and developing partnerships in order to ensure a resilient future. We look forward to contributing to critical discussions and sharing important lessons from our own experience developing reforestation projects, sustainably managing natural forests, and producing wood-based materials for low-carbon construction.”