TTF launches member survey to help improve its due diligence process

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TTF launches member survey to help improve its due diligence process

The Timber Trade Federation (TTF) has launched a member and stakeholder survey on the Responsible Purchasing Policy (RPP), its due diligence framework, to improve aide compliance with legality and sustainability matters

The online survey, accessible here until Friday 8 April 2016, is part of the TTF’s Strategic Development review of its RPP, aiming to improve the industry benchmark for legal and sustainable sourcing.

The RPP has been in existence for over 10 years, providing members of the Federation with a solid foundation on which to build their compliance processes. TTF members are required to have in place a system of due diligence covering all timber purchases within their businesses. The key requirement of such a policy is to implement detailed due diligence on the species, country of origin and supply chains from which they source their products and to report to the TTF annually on certain criteria

The TTF provides its members with a framework of due diligence and a set of tools that allow them to focus their resources on products and suppliers where there is a higher risk of illegal timber entering their supply chains. It complements existing risk management already in place, such as product certification and provides further assurance that organisations have robust and systematic risk management measures in place.

Dave Hopkins, Managing Director of the TTF said: “The RPP is central to TTF values, membership and reputation. Yet, the market for responsible sourcing has changed dramatically since its start. We need to make sure that we are changing with that market. This review will allow us to assess the current system, compare it against the needs of our customers and develop it accordingly. We want to ensure that the market knows it can trust a TTF member.”

 

[News URL: http://www.cti-timber.org/content/ttf-launches-member-survey-help-improve-its-due-diligence-process]