BAAR, SWITZERLAND — Danzer Group subsidiary SIFORCO in the Democratic Republic of Congo has passed the legality review of its forest concessions. All nine SIFORCO concessions fulfilled a government-appointed commission’s legality verification criteria.
At the same time, Ernst & Young, commissioned by Danzer Group with an independent review, has confirmed that SIFORCO in the past has operated in conformity with the local laws concerning export prices and the taxation of salaries. Furthermore, Ernst & Young confirmed in its statement that the company has not gained from tax incentives on investments, which were not realized.
The next stage in the process is for SIFORCO to draw up comprehensive forest management plans for its concessions covering an area of 1.9-million hectares (4.7-million acres). These represent an important prerequisite in Danzer Group’s efforts to achieve full certification of the SIFORCO concessions in compliance with the FSC standard. As with the FSC certification for IFO’s forest concessions, Danzer Group and the World Wide Fund for Nature will work together to achieve this result.
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