Ggsc platform and index - The Global green supply of forest product
WHAT IS IT?
The Global Green Supply Chain of Forest Product (GGSC), is a global service platform, supported by the International Tropical Timber Organisation, with a view to promoting business information exchange on trade in legal and sustainable timber and forest products worldwide. Under the GGSC initiative, a group of progressive Chinese wood trading and processing enterprises (representing >15% of China’s imports) already committed to increase their sustainable wood sourcing. The platform was launched by timber enterprises, industry associations, international organizations and research institutions all over the world who were participants of the International Forum on “Together Towards Global Green Supply Chains – A Forest Products Industry Initiative” held in Shanghai, China in October, 2019.
HOW CAN IT HELP ME?
As a cooperative platform, the GGSC offers business information, industry reports, news, events from the timber industry and also provides an overview of GGSC members. A core piece of information is the GGSC index, a monthly prosperity index of wood and forest product enterprises in key timber countries and regions. The index is constructed through monthly surveys, statistical analysis and calculation results obtained from industry partners. GGSC is also working on building a Global Timber Index (GTI) in which all other indices will be combined, and a blockchain-based timber traceability system for logs and sawn timber.
The GGSC platform and index have a global focus. Currently, the GGSC index is updated monthly for the Chinese market. The African and other region’s timber index are in development, as is the Global Timber Index.
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