Travis Perkins achieves top WWF rating for sourcing sustainable timber
Travis Perkins has been recognised by WWF-UK and awarded the highest timber scorecard rating for its overall efforts in responsibly and sustainably sourcing timber products.
Travis Perkins plc scored the ‘three trees’ performance rating, which recognises that over 70 percent of the company’s timber and timber products has been sourced responsibly. Travis Perkins plc in fact source 97 percent of all its timber and timber fibre which is sourced from certified well-managed forests.
The WWF-UK report, highlights companies understanding and engagement of the forest trade, and aims to promote and improve sustainability performance contributing to the overall wider importance of tackling this agenda.
Jez Cutler, Head of Group Environment, Travis Perkins, said: "We are delighted to be awarded the highest score that the sustainability industry recognises which shows our commitment to a sustainable and responsible supply chain. Travis Perkins continually strives to improve environmental excellence and sustainability throughout our organisation and our activities. We will continue to participate in this important process and strive to be market leaders in transparent sustainability; helping to make a difference in the market place as well as contributing to overall sustainable forest management.”
The score is calculated by rating organisations policies and their performance on their purchases of timber. This includes issuing transparent, open and accurate reporting on performance related statements publically, which in turn provide an education for consumers and customers alike about the responsibilities of sourcing forest goods. The scoring system is also reflective of their attempts to measure any claims made about responsible sourcing of timber and what this means to wider global contributions.
Julia Young, Manager of WWF’s Global Forest and Trade Network Programme in the UK said: “Travis Perkins has done what we are asking of businesses in the UK that trade timber and timber products, and that is to systematically look into the sourcing of these goods to ensure they are coming from legal and sustainable sources. This investment by TP and their ongoing commitment to embed sustainability in their business, and be transparent and specific about their progress, is best practice and deserves recognition in the UK market.
“Globally much more needs to be done to ensure a sustainable future for forests, and our scorecard is a way to gain a snapshot of just how well the UK is doing across different sectors in contributing with positive, not negative impacts through trade. We hope this work will stimulate pressure for some businesses to do more, and encourage others to share how well they are doing in meeting this agenda.”
Travis Perkins plc is the UK's leading supplier of materials to the builders' merchant, home improvement and construction market. The Group operates 19 businesses from 1,987 sites across the UK, and employs over 26,000 people. With a proud heritage that can be traced back over 200 years, our employees are continuing that tradition by helping to build Britain.
For more information, please visit www.travisperkinsplc.co.uk
EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”