PEFC definition

PEFC means Program for the Endorsement of Forest Certification. “UNDRIP” refers to the United Nations Declaration on the Rights of Indigenous

PEFC means the Programme for the Endorsement of Forest Certification.

PEFC means Program for the Endorsement of Forest Certification. “UNDP” refers to United Nations Development Programme.

Examples of PEFC in a sentence

• In total we spent around £279,000 on paper, printing and reprographics in 2018/19.The Council will: Only purchase 100% white recycled paper (80gsm) for printing, letterheads and photocopying. Only order paper products which are Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC) certified as this demonstrates the legality of the virgin pulp element.

• The non-recycled component should be from FSC or PEFC approved sources.

• This means that all timber purchased is harvested according to the country-of-origin regulations of harvest, forest management and biological diversity and is PEFC certified (PEFC Chain of custody certificate TP-PEFCCOC- 0037).

• The Program for Endorsement of Forest Certification (PEFC) is undergoing some proposed changes.

• The Council gives preference for timber and timber panel products which are from a sustainable source carrying the Forest Stewardship Council (FSC), PEFC (Programme for the Endorsement of Forest Certification), or equivalent trademark which can certify the product is sustainable and legal.

• As with FSC and PEFC, these labelling schemes only relate to the production of the actual raw material, not the environmental impact in later stages of the production chain.There are also other labelling schemes for bio-based raw materials such as ISCC Plus (International Sustainability and Carbon Certification) and RSB (Roundtable on Sustainable Biomaterials).

• In global terms, the Forest Stewardship Council (FSC) and the Program for the Endorsement of Forest Certification (PEFC) stand out, which together account for approximately 10.4% of the global forest area, more specifically, 424 million certified hectares (Charnley et al., 2022; Frey et al., 2022; Garzon et al., 2020).

More Definitions of PEFC

PEFC means the Programme for the Endorsement of Forest Certification; "Pre-paid Instalment" means in respect of the Products one or more equal payments spread over an agreed period of time amounting to the equivalent value of the Total Quantity multiplied by the Price (plus VAT), each instalment to be paid by the Purchaser in advance of uplift and removal of the relevant Products;

PEFC means the global certification system for forests developed by the Program for the Endorsement of Forest Certification. The PEFC promotes sustainable forest management through third party certification according to the PEFC standard. 2. Process for Project Evaluation and Selection A group with representatives from Real estate management and Project and development will identify and nominate projects and assets within the eligible categories to a committee consisting of the CEO, the CFO, the Head of Real Estate and the Head of Operation and Technology. The committee will evaluate the nominated assets and projects and ensure compliance with the Green Terms. A consensus decision by the committee is required to allocate net proceeds to Eligible Projects and Assets. The projects and assets must also be compliant with applicable national laws and regulations, as well as policies and guidelines at Specialfastigheter. The decision by the committee will be documented. To ensure legitimacy in this process a list of all Eligible Projects and Assets that meet the Green Terms will be kept by Specialfastigheter. The list will be used as a tool to determine if there is a current or expected capacity to issue a Green Bond.3. Management of Proceeds The net proceeds of any issue under the Green Bond Framework will be credited to a special account (the “Green Account”). Funds may be deducted from the Green Account in an amount corresponding to the financing or refinancing of Eligible Projects and Assets that have met the Green Terms, or to repay a Green Bond. While the Green Account has a positive balance, the Treasury of Specialfastigheter will manage the funds as a part of its liquidity reserve. If a Project or Asset no longer qualifies according to the Green Terms the funds will be either reallocated to projects and assets that meet the Green Terms or returned to the Green Account. The Green Account ensures strong monitoring and tracking of the Use of Proceeds. The Finance Department will be responsible for the allocation of the net proceeds from the issuance of Green Bonds to the relevant and approved Eligible Projects and Assets and to keep record of the purpose of any transfers on the Green Account. The allocation of net proceeds may not exceed the market value or investment expenditure, as applicable, of an eligible project or asset less any external debt financing such projects or assets. If the Green Account has a positive balance the unallocated funds may be invest...

PEFC has the meaning specified in Section 5.