The Responsible Timber Exchange (www.bvrio.com/timber) is a trading platform to assist traders and buyers of timber in sourcing legal or certified products from all over the world. The platform is integrated with a due diligence and risk assessment system, to facilitate the screening of timber products and their supply chains.
The objective of the Exchange is to facilitate the procurement of responsible timber products in an efficient, cost effective and secure way, increasing liquidity, supply and demand for this market segment and helping to promote transparency, legality and sustainability in the timber sector.
The platform will be particularly useful to buyers and traders operating in Europe and the US, where they have to ensure compliance with the EU Timber Regulation and the US Lacey Act, reducing their exposure to illegal timber trade.
Through a series of partnerships, the platform will also enable users to contract for a variety of additional services to aggregate value to each transaction. These include grading and quality control, field audits and due diligence, receivables finance, insurance, logistics and export.