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We believe our customers and team members want to know where our timber comes from and care that it has been responsibly sourced. We work to ensure our long-term effort and commitment to responsibly sourced timber is maintained. Our Responsible Timber Sourcing Policy was established in 2003 and revised in 2018 to include a commitment that all native forest products will originate from third party certified forests by December 2020, This requires all timber to be independently certified by the Forest Stewardship Council (FSC®), Programme for Endorsement of Forest Certification (PEFC) or equivalent standard, with FSC® preferred in highly contentious regions. This year, Bunnings continued to work closely with seven remaining suppliers that were subsequently granted an extension to Bunnings’ December 2020 Policy requirements. These suppliers were required to demonstrate progress towards achieving the requirements of the Policy. At the end of June 2022, six of these suppliers either achieved certification for their products or met provisionally approved conditions with actions plans and milestones to achieve certification. We discontinued our trading relationship with one supplier due to lack of progress towards meeting Bunnings’ Policy requirements. During the year, Bunnings continued to further implement our due diligence process to monitor timber supplier performance in line with our Policy, with the frequency of timber supplier surveys increasing to quarterly over the course of the year. Bunnings’ responsible timber sourcing survey is completed by suppliers of timber, wood or fibre products to Bunnings, and captures the timber species, country of harvest, forest type, country of manufacture, applicable timber certification, and product claims for timber products, including component and composite products which have a percentage of timber inputs.
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