Communication on Progress

Participant
Published
  • 2012/02/17
Time period
  • February 2011  –  February 2012
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP places the participant on the Global Compact Learner Platform
  • Missing items have been flagged in the self-assessment
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer
  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • To our stakeholders:

    I am pleased to confirm that Futuro Forestal reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    As an impact reforestation company in Central America we will continue to embrace (and seek to improve) the principles of the Global Compact into our daily operations. Community members, stakeholders and friends will continue to be informed of its significance as part of our core business strategy.

    Sincerely yours,

    Eric Rios
    General Manager

Human Rights
  • Assessment, policy and goals
  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Futuro Forestal has and will continue to support and believe in the UN Universal Declaration of Human Rights. Furthermore we commit to the prevention of abuse through internally developed evaluation mechanisms as well as certified external evaluation reports performed by unbiased industry specialists.

  • Implementation
  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • In the upcoming year Futuro Forestal will strongly advise project owners to certify individual plantations, not only for its rigid social and environmental benchmarks but to adopt an external evaluation system that will promote responsible management of the world's forests.

    Improvements in the social and economic conditions of local stakeholders are monitored through survey data that considers employment, earnings, livelihood, satisfaction, etc.

    Our investors require strict adherence to civil and tax law, as well as meaningful positive impact to our stakeholders. Violations may result in the termination of contracts, public investigation and corrective action.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • Futuro Forestal monitors its performance through respected international certification agencies, as well as internal control mechanisms. Furthermore project sights are frequently visited by senior management. Human rights incidents may result in the cancellation of certification, and or contracts with investors.

    It is in the company's interest, financially and morally, to adhere to the highest standards of regard for basic human rights.

Labour
  • Assessment, policy and goals
  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • FF will continue to treat the principles of the Global Compact not as something it will strive for, but as an integral part of its core-business. Our founders and leadership share a strong commitment to treating our workers with the utmost respect and will strive to identify and implement sustainable solutions to improving their livelihood in both the work place and in the community.

  • Implementation
  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • The workers right to association is respected. Workeshop and forums are open and annual company retreats create platforms for expression, both anonymous and public that create open avenues of communication to upper management and/or external auditors.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • Project monitoring is part of our strategy to improve working conditions, in all aspects, in the reforestation business. Our monitoring system provides us with firsthand insight into our plantation conditions. This is an important component of maintaining adherence to the policies adopted by our company and its investors. We hope these steps will not only help us leverage our influence on the forestry industry but also provide data about how our policies have a tangible effect on the working conditions of our projects.

Environment
  • Assessment, policy and goals
  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • No answer provided.
  • Implementation
  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • No answer provided.
  • Measurement of outcomes
  • Description of how the company monitors and evaluates environmental performance.

  • No answer provided.
Anti-Corruption
  • Assessment, policy and goals
  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Futuro Forestal will not condone, in any way, any violation of the law, dishonestty or unethical business practices at any level of the business. This includes, but is not limited to: bribery, theft, laundering, or any illicit activity financial or otherwise.

  • Implementation
  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • Detection of corruption or illicit activity has been and will be met with immediate termination and a full external investigation. Furthermore external financial audits are conducted annually with full disclosure to the investor.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates anti-corruption performance.

  • All business transactions, investment vehicles and companies are created and conducted with the utmost transparency and fully comply with both national and international laws.